Concepcion Industrial (Philippines) Market Value
| CIC Stock | 13.50 0.40 2.88% |
| Symbol | Concepcion |
Concepcion Industrial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Concepcion Industrial's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Concepcion Industrial.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Concepcion Industrial on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Concepcion Industrial Corp or generate 0.0% return on investment in Concepcion Industrial over 30 days. Concepcion Industrial is related to or competes with Converge Information, Integrated Micro, Premiere Entertainment, Apex Mining, Atlas Consolidated, Semirara Mining, and Alliance Select. More
Concepcion Industrial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Concepcion Industrial's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Concepcion Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.96 |
Concepcion Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concepcion Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concepcion Industrial's standard deviation. In reality, there are many statistical measures that can use Concepcion Industrial historical prices to predict the future Concepcion Industrial's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.0468 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (2.11) |
Concepcion Industrial Backtested Returns
Concepcion Industrial secures Sharpe Ratio (or Efficiency) of -0.0022, which signifies that the company had a -0.0022% return per unit of risk over the last 3 months. Concepcion Industrial Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concepcion Industrial's Risk Adjusted Performance of 0.0337, mean deviation of 0.8834, and Downside Deviation of 1.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.021, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Concepcion Industrial are expected to decrease at a much lower rate. During the bear market, Concepcion Industrial is likely to outperform the market. At this point, Concepcion Industrial has a negative expected return of -0.0033%. Please make sure to confirm Concepcion Industrial's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Concepcion Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Concepcion Industrial Corp has poor predictability. Overlapping area represents the amount of predictability between Concepcion Industrial time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Concepcion Industrial price movement. The serial correlation of 0.25 indicates that over 25.0% of current Concepcion Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Concepcion Industrial lagged returns against current returns
Autocorrelation, which is Concepcion Industrial stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Concepcion Industrial's stock expected returns. We can calculate the autocorrelation of Concepcion Industrial returns to help us make a trade decision. For example, suppose you find that Concepcion Industrial has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Concepcion Industrial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Concepcion Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concepcion Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concepcion Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Concepcion Industrial Lagged Returns
When evaluating Concepcion Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concepcion Industrial stock have on its future price. Concepcion Industrial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Concepcion Industrial autocorrelation shows the relationship between Concepcion Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Concepcion Industrial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Concepcion Stock
Concepcion Industrial financial ratios help investors to determine whether Concepcion Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Concepcion with respect to the benefits of owning Concepcion Industrial security.