Concurrent Technologies (UK) Market Value
| CNC Stock | 151.50 3.50 2.36% |
| Symbol | Concurrent |
Concurrent Technologies '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 Concurrent Technologies' 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 Concurrent Technologies.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Concurrent Technologies on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Concurrent Technologies Plc or generate 0.0% return on investment in Concurrent Technologies over 60 days. Concurrent Technologies is related to or competes with Samsung Electronics, Samsung Electronics, Toyota, Hon Hai, Reliance Industries, Ricoh, and Compal Electronics. Concurrent Technologies is entity of United Kingdom More
Concurrent Technologies 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 Concurrent Technologies' 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 Concurrent Technologies Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 6.07 |
Concurrent Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concurrent Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concurrent Technologies' standard deviation. In reality, there are many statistical measures that can use Concurrent Technologies historical prices to predict the future Concurrent Technologies' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.3047 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1085 | |||
| Treynor Ratio | 0.9334 |
Concurrent Technologies Backtested Returns
Concurrent Technologies appears to be very steady, given 3 months investment horizon. Concurrent Technologies secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Concurrent Technologies Plc, which you can use to evaluate the volatility of the firm. Please makes use of Concurrent Technologies' Mean Deviation of 2.03, risk adjusted performance of 0.1008, and Downside Deviation of 2.11 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Concurrent Technologies holds a performance score of 11. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Concurrent Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Concurrent Technologies is expected to be smaller as well. Please check Concurrent Technologies' maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Concurrent Technologies' price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Concurrent Technologies Plc has modest predictability. Overlapping area represents the amount of predictability between Concurrent Technologies time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Concurrent Technologies price movement. The serial correlation of 0.53 indicates that about 53.0% of current Concurrent Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 155.51 |
Concurrent Technologies lagged returns against current returns
Autocorrelation, which is Concurrent Technologies 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 Concurrent Technologies' stock expected returns. We can calculate the autocorrelation of Concurrent Technologies returns to help us make a trade decision. For example, suppose you find that Concurrent Technologies 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 |
Concurrent Technologies 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 Concurrent Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concurrent Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concurrent Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Concurrent Technologies Lagged Returns
When evaluating Concurrent Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concurrent Technologies stock have on its future price. Concurrent Technologies 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, Concurrent Technologies autocorrelation shows the relationship between Concurrent Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Concurrent Technologies Plc.
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.Other Information on Investing in Concurrent Stock
Concurrent Technologies financial ratios help investors to determine whether Concurrent 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 Concurrent with respect to the benefits of owning Concurrent Technologies security.