CSL (Australia) Market Value
| CSL Stock | 273.72 0.58 0.21% |
| Symbol | CSL |
CSL '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 CSL'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 CSL.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in CSL on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding CSL or generate 0.0% return on investment in CSL over 720 days. CSL is related to or competes with GreenX Metals, and Apiam Animal. CSL is entity of Australia. It is traded as Stock on AU exchange. More
CSL 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 CSL'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 CSL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.19 |
CSL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSL's standard deviation. In reality, there are many statistical measures that can use CSL historical prices to predict the future CSL's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (2.58) |
CSL Backtested Returns
CSL secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of return volatility over the last 3 months. CSL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSL's Coefficient Of Variation of (550.80), mean deviation of 0.6612, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0671, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CSL's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSL is expected to be smaller as well. At this point, CSL has a negative expected return of -0.17%. Please make sure to confirm CSL's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if CSL performance from the past will be repeated at future time.
Auto-correlation | -0.57 |
Good reverse predictability
CSL has good reverse predictability. Overlapping area represents the amount of predictability between CSL time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 CSL price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current CSL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 145.07 |
CSL lagged returns against current returns
Autocorrelation, which is CSL 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 CSL's stock expected returns. We can calculate the autocorrelation of CSL returns to help us make a trade decision. For example, suppose you find that CSL 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 |
CSL 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 CSL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSL stock over time.
Current vs Lagged Prices |
| Timeline |
CSL Lagged Returns
When evaluating CSL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSL stock have on its future price. CSL 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, CSL autocorrelation shows the relationship between CSL stock current value and its past values and can show if there is a momentum factor associated with investing in CSL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CSL Stock Analysis
When running CSL's price analysis, check to measure CSL'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 CSL is operating at the current time. Most of CSL's value examination focuses on studying past and present price action to predict the probability of CSL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSL's price. Additionally, you may evaluate how the addition of CSL to your portfolios can decrease your overall portfolio volatility.