Cemex Sab De Stock Market Value
| CXMSF Stock | USD 0.52 0.03 5.45% |
| Symbol | CEMEX |
CEMEX SAB '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 CEMEX SAB's pink sheet 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 CEMEX SAB.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in CEMEX SAB on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding CEMEX SAB de or generate 0.0% return on investment in CEMEX SAB over 90 days. CEMEX SAB is related to or competes with Vulcan Materials, Martin Marietta, Eagle Materials, CRH PLC, Summit Materials, Xinyi Glass, and CEMATRIX. CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concr... More
CEMEX SAB 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 CEMEX SAB's pink sheet 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 CEMEX SAB de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 18.0 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 6.67 |
CEMEX SAB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEMEX SAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEMEX SAB's standard deviation. In reality, there are many statistical measures that can use CEMEX SAB historical prices to predict the future CEMEX SAB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CEMEX SAB's 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.
CEMEX SAB de Backtested Returns
CEMEX SAB de secures Sharpe Ratio (or Efficiency) of -0.086, which signifies that the company had a -0.086% return per unit of risk over the last 3 months. CEMEX SAB de exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CEMEX SAB's risk adjusted performance of (0.06), and Mean Deviation of 2.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.57, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CEMEX SAB will likely underperform. At this point, CEMEX SAB de has a negative expected return of -0.29%. Please make sure to confirm CEMEX SAB's maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if CEMEX SAB de performance from the past will be repeated in the future.
Auto-correlation | -0.21 |
Weak reverse predictability
CEMEX SAB de has weak reverse predictability. Overlapping area represents the amount of predictability between CEMEX SAB time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 CEMEX SAB de price movement. The serial correlation of -0.21 indicates that over 21.0% of current CEMEX SAB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CEMEX SAB de lagged returns against current returns
Autocorrelation, which is CEMEX SAB pink sheet'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 CEMEX SAB's pink sheet expected returns. We can calculate the autocorrelation of CEMEX SAB returns to help us make a trade decision. For example, suppose you find that CEMEX SAB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
CEMEX SAB 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 CEMEX SAB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEMEX SAB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEMEX SAB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CEMEX SAB Lagged Returns
When evaluating CEMEX SAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEMEX SAB pink sheet have on its future price. CEMEX SAB 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, CEMEX SAB autocorrelation shows the relationship between CEMEX SAB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CEMEX SAB de.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in CEMEX Pink Sheet
When determining whether CEMEX SAB de offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CEMEX SAB'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 Cemex Sab De Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cemex Sab De Stock:Check out CEMEX SAB Correlation, CEMEX SAB Volatility and CEMEX SAB Alpha and Beta module to complement your research on CEMEX SAB. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
CEMEX SAB technical pink sheet 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, pink sheet market cycles, or different charting patterns.