CI Games (Poland) Market Value
| CIG Stock | 1.48 0.04 2.78% |
| Symbol | CIG |
CI Games '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 CI Games' 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 CI Games.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in CI Games on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding CI Games SA or generate 0.0% return on investment in CI Games over 30 days. CI Games is related to or competes with CD PROJEKT, Movie Games, and Ultimate Games. More
CI Games 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 CI Games' 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 CI Games SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 1.96 |
CI Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Games' standard deviation. In reality, there are many statistical measures that can use CI Games historical prices to predict the future CI Games' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (1.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CI Games' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CI Games SA Backtested Returns
CI Games SA retains Efficiency (Sharpe Ratio) of -0.1, which signifies that the company had a -0.1% return per unit of price deviation over the last 3 months. CI Games exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Games' Market Risk Adjusted Performance of (1.70), information ratio of (0.18), and Variance of 3.2 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CI Games' returns are expected to increase less than the market. However, during the bear market, the loss of holding CI Games is expected to be smaller as well. At this point, CI Games SA has a negative expected return of -0.19%. Please make sure to confirm CI Games' standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if CI Games SA performance from the past will be repeated sooner or later.
Auto-correlation | 0.57 |
Modest predictability
CI Games SA has modest predictability. Overlapping area represents the amount of predictability between CI Games time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 CI Games SA price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current CI Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CI Games SA lagged returns against current returns
Autocorrelation, which is CI Games 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 CI Games' stock expected returns. We can calculate the autocorrelation of CI Games returns to help us make a trade decision. For example, suppose you find that CI Games 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 |
CI Games 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 CI Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Games stock over time.
Current vs Lagged Prices |
| Timeline |
CI Games Lagged Returns
When evaluating CI Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Games stock have on its future price. CI Games 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, CI Games autocorrelation shows the relationship between CI Games stock current value and its past values and can show if there is a momentum factor associated with investing in CI Games SA.
Regressed Prices |
| Timeline |
Pair Trading with CI Games
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CI Games position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CI Games will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CI Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CI Games when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CI Games - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CI Games SA to buy it.
The correlation of CI Games is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Games SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CI Games can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CIG Stock Analysis
When running CI Games' price analysis, check to measure CI Games' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CI Games is operating at the current time. Most of CI Games' value examination focuses on studying past and present price action to predict the probability of CI Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CI Games' price. Additionally, you may evaluate how the addition of CI Games to your portfolios can decrease your overall portfolio volatility.