Cintas (Germany) Market Value
| CIT Stock | EUR 213.10 2.80 1.33% |
| Symbol | Cintas |
Cintas '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 Cintas' 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 Cintas.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cintas on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cintas or generate 0.0% return on investment in Cintas over 30 days. Cintas is related to or competes with Geratherm Medical, Cleanaway Waste, MeVis Medical, Apollo Medical, and SWISS WATER. Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Ca... More
Cintas 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 Cintas' 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 Cintas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1277 | |||
| Maximum Drawdown | 7.74 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 2.1 |
Cintas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cintas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cintas' standard deviation. In reality, there are many statistical measures that can use Cintas historical prices to predict the future Cintas' volatility.| Risk Adjusted Performance | 0.1782 | |||
| Jensen Alpha | 0.2619 | |||
| Total Risk Alpha | 0.0833 | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 1.62 |
Cintas Backtested Returns
Cintas appears to be very steady, given 3 months investment horizon. Cintas secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cintas, which you can use to evaluate the volatility of the firm. Please makes use of Cintas' Risk Adjusted Performance of 0.1782, downside deviation of 1.06, and Mean Deviation of 0.9306 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cintas holds a performance score of 16. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cintas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cintas is expected to be smaller as well. Please check Cintas' maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Cintas' price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Cintas has good predictability. Overlapping area represents the amount of predictability between Cintas time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Cintas price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Cintas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 10.5 |
Cintas lagged returns against current returns
Autocorrelation, which is Cintas 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 Cintas' stock expected returns. We can calculate the autocorrelation of Cintas returns to help us make a trade decision. For example, suppose you find that Cintas 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 |
Cintas 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 Cintas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cintas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cintas stock over time.
Current vs Lagged Prices |
| Timeline |
Cintas Lagged Returns
When evaluating Cintas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cintas stock have on its future price. Cintas 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, Cintas autocorrelation shows the relationship between Cintas stock current value and its past values and can show if there is a momentum factor associated with investing in Cintas.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Cintas Stock
When determining whether Cintas is a strong investment it is important to analyze Cintas' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cintas' future performance. For an informed investment choice regarding Cintas Stock, refer to the following important reports:Check out Cintas Correlation, Cintas Volatility and Cintas Alpha and Beta module to complement your research on Cintas. For more detail on how to invest in Cintas Stock please use our How to Invest in Cintas guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Cintas technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.