Cementos Pacasmayo (Peru) Market Value
| CPACASC1 | 4.36 0.02 0.46% |
| Symbol | Cementos |
Please note, there is a significant difference between Cementos Pacasmayo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cementos Pacasmayo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cementos Pacasmayo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cementos Pacasmayo '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 Cementos Pacasmayo'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 Cementos Pacasmayo.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cementos Pacasmayo on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cementos Pacasmayo SAA or generate 0.0% return on investment in Cementos Pacasmayo over 30 days. More
Cementos Pacasmayo 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 Cementos Pacasmayo'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 Cementos Pacasmayo SAA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.56 |
Cementos Pacasmayo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cementos Pacasmayo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cementos Pacasmayo's standard deviation. In reality, there are many statistical measures that can use Cementos Pacasmayo historical prices to predict the future Cementos Pacasmayo's volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.0833 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.13) |
Cementos Pacasmayo SAA Backtested Returns
At this point, Cementos Pacasmayo is out of control. Cementos Pacasmayo SAA secures Sharpe Ratio (or Efficiency) of 0.039, which signifies that the company had a 0.039% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cementos Pacasmayo SAA, which you can use to evaluate the volatility of the firm. Please confirm Cementos Pacasmayo's Downside Deviation of 2.12, mean deviation of 0.6106, and Risk Adjusted Performance of 0.037 to double-check if the risk estimate we provide is consistent with the expected return of 0.0494%. Cementos Pacasmayo has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cementos Pacasmayo are expected to decrease at a much lower rate. During the bear market, Cementos Pacasmayo is likely to outperform the market. Cementos Pacasmayo SAA right now shows a risk of 1.27%. Please confirm Cementos Pacasmayo SAA standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Cementos Pacasmayo SAA will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Cementos Pacasmayo SAA has modest reverse predictability. Overlapping area represents the amount of predictability between Cementos Pacasmayo time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Cementos Pacasmayo SAA price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Cementos Pacasmayo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cementos Pacasmayo SAA lagged returns against current returns
Autocorrelation, which is Cementos Pacasmayo 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 Cementos Pacasmayo's stock expected returns. We can calculate the autocorrelation of Cementos Pacasmayo returns to help us make a trade decision. For example, suppose you find that Cementos Pacasmayo 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 |
Cementos Pacasmayo 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 Cementos Pacasmayo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cementos Pacasmayo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cementos Pacasmayo stock over time.
Current vs Lagged Prices |
| Timeline |
Cementos Pacasmayo Lagged Returns
When evaluating Cementos Pacasmayo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cementos Pacasmayo stock have on its future price. Cementos Pacasmayo 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, Cementos Pacasmayo autocorrelation shows the relationship between Cementos Pacasmayo stock current value and its past values and can show if there is a momentum factor associated with investing in Cementos Pacasmayo SAA.
Regressed Prices |
| Timeline |
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When determining whether Cementos Pacasmayo SAA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cementos Pacasmayo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cementos Pacasmayo Saa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cementos Pacasmayo Saa Stock:Check out Cementos Pacasmayo Correlation, Cementos Pacasmayo Volatility and Cementos Pacasmayo Alpha and Beta module to complement your research on Cementos Pacasmayo. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Cementos Pacasmayo 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.