CM NV (Netherlands) Market Value
| CMCOM Stock | 5.90 0.06 1.03% |
| Symbol | CMCOM |
CM NV '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 CM NV'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 CM NV.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CM NV on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CM NV or generate 0.0% return on investment in CM NV over 30 days. CM NV is related to or competes with Just Eat, Alfen Beheer, BE Semiconductor, Basic Fit, and ASR Nederland. More
CM NV 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 CM NV'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 CM NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 3.36 |
CM NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CM NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CM NV's standard deviation. In reality, there are many statistical measures that can use CM NV historical prices to predict the future CM NV's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 1.02 |
CM NV Backtested Returns
CM NV retains Efficiency (Sharpe Ratio) of -0.0871, which signifies that the company had a -0.0871% return per unit of price deviation over the last 3 months. CM NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CM NV's Variance of 3.27, market risk adjusted performance of 1.03, and Information Ratio of (0.16) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CM NV are expected to decrease at a much lower rate. During the bear market, CM NV is likely to outperform the market. At this point, CM NV has a negative expected return of -0.16%. Please make sure to confirm CM NV's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if CM NV performance from the past will be repeated sooner or later.
Auto-correlation | 0.82 |
Very good predictability
CM NV has very good predictability. Overlapping area represents the amount of predictability between CM NV time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 CM NV price movement. The serial correlation of 0.82 indicates that around 82.0% of current CM NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CM NV lagged returns against current returns
Autocorrelation, which is CM NV 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 CM NV's stock expected returns. We can calculate the autocorrelation of CM NV returns to help us make a trade decision. For example, suppose you find that CM NV 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 |
CM NV 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 CM NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CM NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CM NV stock over time.
Current vs Lagged Prices |
| Timeline |
CM NV Lagged Returns
When evaluating CM NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CM NV stock have on its future price. CM NV 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, CM NV autocorrelation shows the relationship between CM NV stock current value and its past values and can show if there is a momentum factor associated with investing in CM NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in CMCOM Stock
CM NV financial ratios help investors to determine whether CMCOM 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 CMCOM with respect to the benefits of owning CM NV security.