Cnb Corporation Stock Market Value
| CNBZ Stock | USD 18.00 0.06 0.33% |
| Symbol | CNB |
CNB '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 CNB's pink sheet 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 CNB.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in CNB on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding CNB Corporation or generate 0.0% return on investment in CNB over 390 days. CNB is related to or competes with Standard Bank, PSB Holdings, United Overseas, and Turkiye Garanti. CNB Corporation operates as the bank holding company for Citizens National Bank that provides various banking services t... More
CNB 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 CNB's pink sheet 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 CNB Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.32 |
CNB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNB's standard deviation. In reality, there are many statistical measures that can use CNB historical prices to predict the future CNB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.44) |
CNB Corporation Backtested Returns
CNB Corporation retains Efficiency (Sharpe Ratio) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. CNB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNB's market risk adjusted performance of (1.43), and Variance of 0.2019 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0351, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CNB's returns are expected to increase less than the market. However, during the bear market, the loss of holding CNB is expected to be smaller as well. At this point, CNB Corporation has a negative expected return of -0.0628%. Please make sure to confirm CNB's information ratio, as well as the relationship between the potential upside and day median price , to decide if CNB Corporation performance from the past will be repeated in the future.
Auto-correlation | -0.37 |
Poor reverse predictability
CNB Corporation has poor reverse predictability. Overlapping area represents the amount of predictability between CNB time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 CNB Corporation price movement. The serial correlation of -0.37 indicates that just about 37.0% of current CNB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
CNB Corporation lagged returns against current returns
Autocorrelation, which is CNB pink sheet'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 CNB's pink sheet expected returns. We can calculate the autocorrelation of CNB returns to help us make a trade decision. For example, suppose you find that CNB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
CNB 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 CNB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CNB Lagged Returns
When evaluating CNB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNB pink sheet have on its future price. CNB 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, CNB autocorrelation shows the relationship between CNB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CNB Corporation.
Regressed Prices |
| Timeline |
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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.Additional Tools for CNB Pink Sheet Analysis
When running CNB's price analysis, check to measure CNB's 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 CNB is operating at the current time. Most of CNB's value examination focuses on studying past and present price action to predict the probability of CNB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNB's price. Additionally, you may evaluate how the addition of CNB to your portfolios can decrease your overall portfolio volatility.