Ceres Power (UK) Market Value
| CWR Stock | 166.10 1.00 0.61% |
| Symbol | Ceres |
Ceres Power '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 Ceres Power'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 Ceres Power.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ceres Power on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ceres Power Holdings or generate 0.0% return on investment in Ceres Power over 180 days. Ceres Power is related to or competes with Datagroup, Eastman Chemical, Ion Beam, Automatic Data, BW Offshore, Westlake Chemical, and X FAB. Ceres Power is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Ceres Power 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 Ceres Power'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 Ceres Power Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.44 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 5.16 |
Ceres Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceres Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceres Power's standard deviation. In reality, there are many statistical measures that can use Ceres Power historical prices to predict the future Ceres Power's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 0.2741 |
Ceres Power Holdings Backtested Returns
Ceres Power Holdings secures Sharpe Ratio (or Efficiency) of -0.0131, which signifies that the company had a -0.0131% return per unit of risk over the last 3 months. Ceres Power Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ceres Power's Standard Deviation of 4.83, insignificant risk adjusted performance, and Mean Deviation of 3.11 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ceres Power are expected to decrease at a much lower rate. During the bear market, Ceres Power is likely to outperform the market. At this point, Ceres Power Holdings has a negative expected return of -0.0634%. Please make sure to confirm Ceres Power's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Ceres Power Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Ceres Power Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Ceres Power time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Ceres Power Holdings price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Ceres Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1524.75 |
Ceres Power Holdings lagged returns against current returns
Autocorrelation, which is Ceres Power 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 Ceres Power's stock expected returns. We can calculate the autocorrelation of Ceres Power returns to help us make a trade decision. For example, suppose you find that Ceres Power 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 |
Ceres Power 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 Ceres Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceres Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceres Power stock over time.
Current vs Lagged Prices |
| Timeline |
Ceres Power Lagged Returns
When evaluating Ceres Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceres Power stock have on its future price. Ceres Power 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, Ceres Power autocorrelation shows the relationship between Ceres Power stock current value and its past values and can show if there is a momentum factor associated with investing in Ceres Power Holdings.
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 Ceres Stock
Ceres Power financial ratios help investors to determine whether Ceres 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 Ceres with respect to the benefits of owning Ceres Power security.