Creative Media's market value is the price at which a share of Creative Media trades on a public exchange. It measures the collective expectations of Creative Media Community investors about its performance. Creative Media is trading at 88.70 as of the 27th of November 2024, a 0.11% down since the beginning of the trading day. The stock's open price was 88.8. With this module, you can estimate the performance of a buy and hold strategy of Creative Media Community and determine expected loss or profit from investing in Creative Media over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Creative
Creative Media '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 Creative Media'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 Creative Media.
0.00
02/01/2024
No Change 0.00
0.0
In 9 months and 28 days
11/27/2024
0.00
If you would invest 0.00 in Creative Media on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Creative Media Community or generate 0.0% return on investment in Creative Media over 300 days.
Creative Media 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 Creative Media'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 Creative Media Community upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Creative Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Creative Media's standard deviation. In reality, there are many statistical measures that can use Creative Media historical prices to predict the future Creative Media's volatility.
Creative Media Community secures Sharpe Ratio (or Efficiency) of -0.34, which signifies that the company had a -0.34% return per unit of standard deviation over the last 3 months. Creative Media Community exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Creative Media's mean deviation of 5.21, and Risk Adjusted Performance of (0.20) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Creative Media are expected to decrease at a much lower rate. During the bear market, Creative Media is likely to outperform the market. At this point, Creative Media Community has a negative expected return of -3.87%. Please make sure to confirm Creative Media's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Creative Media Community performance from the past will be repeated at some point in the near future.
Auto-correlation
0.56
Modest predictability
Creative Media Community has modest predictability. Overlapping area represents the amount of predictability between Creative Media time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Creative Media Community price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Creative Media price fluctuation can be explain by its past prices.
Correlation Coefficient
0.56
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
124.3 K
Creative Media Community lagged returns against current returns
Autocorrelation, which is Creative Media 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 Creative Media's stock expected returns. We can calculate the autocorrelation of Creative Media returns to help us make a trade decision. For example, suppose you find that Creative Media 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
Creative Media 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 Creative Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Creative Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Creative Media stock over time.
Current vs Lagged Prices
Timeline
Creative Media Lagged Returns
When evaluating Creative Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Creative Media stock have on its future price. Creative Media 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, Creative Media autocorrelation shows the relationship between Creative Media stock current value and its past values and can show if there is a momentum factor associated with investing in Creative Media Community.
Regressed Prices
Timeline
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