Carmat SA (Germany) Market Value
| CXT Stock | EUR 1.05 0.07 6.25% |
| Symbol | Carmat |
Carmat SA '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 Carmat SA'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 Carmat SA.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Carmat SA on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Carmat SA or generate 0.0% return on investment in Carmat SA over 540 days. Carmat SA is related to or competes with American Eagle, Computer, VARIOUS EATERIES, BJs Restaurants, Align Technology, and SCOTT TECHNOLOGY. Carmat SA designs and develops total artificial heart for people suffering from end-stage biventricular heart failure in... More
Carmat SA 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 Carmat SA'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 Carmat SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 30.17 | |||
| Value At Risk | (8.21) | |||
| Potential Upside | 7.41 |
Carmat SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carmat SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carmat SA's standard deviation. In reality, there are many statistical measures that can use Carmat SA historical prices to predict the future Carmat SA's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.17) | |||
| Total Risk Alpha | (2.00) | |||
| Treynor Ratio | 730.31 |
Carmat SA Backtested Returns
Carmat SA secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Carmat SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carmat SA's Risk Adjusted Performance of (0.16), standard deviation of 5.3, and Mean Deviation of 3.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0016, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Carmat SA are expected to decrease at a much lower rate. During the bear market, Carmat SA is likely to outperform the market. At this point, Carmat SA has a negative expected return of -1.11%. Please make sure to confirm Carmat SA's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Carmat SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Carmat SA has good predictability. Overlapping area represents the amount of predictability between Carmat SA time series from 4th of June 2023 to 29th of February 2024 and 29th of February 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 Carmat SA price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Carmat SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Carmat SA lagged returns against current returns
Autocorrelation, which is Carmat SA 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 Carmat SA's stock expected returns. We can calculate the autocorrelation of Carmat SA returns to help us make a trade decision. For example, suppose you find that Carmat SA 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 |
Carmat SA 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 Carmat SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carmat SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carmat SA stock over time.
Current vs Lagged Prices |
| Timeline |
Carmat SA Lagged Returns
When evaluating Carmat SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carmat SA stock have on its future price. Carmat SA 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, Carmat SA autocorrelation shows the relationship between Carmat SA stock current value and its past values and can show if there is a momentum factor associated with investing in Carmat SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Carmat Stock
Carmat SA financial ratios help investors to determine whether Carmat 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 Carmat with respect to the benefits of owning Carmat SA security.