Caribbean Utilities Stock Market Value
| CUP-U Stock | USD 13.88 0.02 0.14% |
| Symbol | Caribbean |
Caribbean Utilities Price To Book Ratio
Caribbean Utilities '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 Caribbean Utilities' 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 Caribbean Utilities.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Caribbean Utilities on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Caribbean Utilities or generate 0.0% return on investment in Caribbean Utilities over 690 days. Caribbean Utilities is related to or competes with Maxim Power, ATCO, Capstone Infrastructure, and Richards Packaging. Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Gr... More
Caribbean Utilities 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 Caribbean Utilities' 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 Caribbean Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.03 |
Caribbean Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caribbean Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caribbean Utilities' standard deviation. In reality, there are many statistical measures that can use Caribbean Utilities historical prices to predict the future Caribbean Utilities' volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | 0.0218 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0266 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caribbean Utilities' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Caribbean Utilities Backtested Returns
Currently, Caribbean Utilities is not too volatile. Caribbean Utilities secures Sharpe Ratio (or Efficiency) of 0.0097, which signifies that the company had a 0.0097% return per unit of risk over the last 3 months. We have found thirty technical indicators for Caribbean Utilities, which you can use to evaluate the volatility of the firm. Please confirm Caribbean Utilities' Mean Deviation of 0.7398, risk adjusted performance of 0.0061, and Downside Deviation of 1.47 to double-check if the risk estimate we provide is consistent with the expected return of 0.0117%. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Caribbean Utilities are expected to decrease at a much lower rate. During the bear market, Caribbean Utilities is likely to outperform the market. Caribbean Utilities right now shows a risk of 1.21%. Please confirm Caribbean Utilities treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Caribbean Utilities will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Caribbean Utilities has good reverse predictability. Overlapping area represents the amount of predictability between Caribbean Utilities time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 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 Caribbean Utilities price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Caribbean Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Caribbean Utilities lagged returns against current returns
Autocorrelation, which is Caribbean Utilities 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 Caribbean Utilities' stock expected returns. We can calculate the autocorrelation of Caribbean Utilities returns to help us make a trade decision. For example, suppose you find that Caribbean Utilities 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 |
Caribbean Utilities 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 Caribbean Utilities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caribbean Utilities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caribbean Utilities stock over time.
Current vs Lagged Prices |
| Timeline |
Caribbean Utilities Lagged Returns
When evaluating Caribbean Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caribbean Utilities stock have on its future price. Caribbean Utilities 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, Caribbean Utilities autocorrelation shows the relationship between Caribbean Utilities stock current value and its past values and can show if there is a momentum factor associated with investing in Caribbean Utilities.
Regressed Prices |
| Timeline |
Pair Trading with Caribbean Utilities
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caribbean Utilities position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caribbean Utilities will appreciate offsetting losses from the drop in the long position's value.Moving against Caribbean Stock
| 0.68 | JPM | JPMorgan Chase | PairCorr |
| 0.61 | BOFA | Bank of America | PairCorr |
| 0.61 | RY-PS | Royal Bank | PairCorr |
| 0.52 | RY-PM | Royal Bank | PairCorr |
| 0.51 | RY-PJ | Royal Bank | PairCorr |
The ability to find closely correlated positions to Caribbean Utilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caribbean Utilities when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caribbean Utilities - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caribbean Utilities to buy it.
The correlation of Caribbean Utilities is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caribbean Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caribbean Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caribbean Utilities can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Caribbean Stock Analysis
When running Caribbean Utilities' price analysis, check to measure Caribbean Utilities' 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 Caribbean Utilities is operating at the current time. Most of Caribbean Utilities' value examination focuses on studying past and present price action to predict the probability of Caribbean Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caribbean Utilities' price. Additionally, you may evaluate how the addition of Caribbean Utilities to your portfolios can decrease your overall portfolio volatility.