Cymat Technologies Stock Market Value
| CYM Stock | CAD 0.10 0.02 16.67% |
| Symbol | Cymat |
Cymat Technologies Price To Book Ratio
Cymat Technologies '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 Cymat Technologies' 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 Cymat Technologies.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Cymat Technologies on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Cymat Technologies or generate 0.0% return on investment in Cymat Technologies over 720 days. Cymat Technologies is related to or competes with CHAR Technologies, Inventronics, Parkit Enterprise, and FLYHT Aerospace. Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam products worldw... More
Cymat Technologies 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 Cymat Technologies' 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 Cymat Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 26.52 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Cymat Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cymat Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cymat Technologies' standard deviation. In reality, there are many statistical measures that can use Cymat Technologies historical prices to predict the future Cymat Technologies' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.57) | |||
| Treynor Ratio | 3.92 |
Cymat Technologies Backtested Returns
Cymat Technologies secures Sharpe Ratio (or Efficiency) of -0.0858, which signifies that the company had a -0.0858% return per unit of risk over the last 3 months. Cymat Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cymat Technologies' Mean Deviation of 4.01, standard deviation of 6.25, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cymat Technologies are expected to decrease at a much lower rate. During the bear market, Cymat Technologies is likely to outperform the market. At this point, Cymat Technologies has a negative expected return of -0.54%. Please make sure to confirm Cymat Technologies' maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Cymat Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Cymat Technologies has good predictability. Overlapping area represents the amount of predictability between Cymat Technologies time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Cymat Technologies price movement. The serial correlation of 0.79 indicates that around 79.0% of current Cymat Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cymat Technologies lagged returns against current returns
Autocorrelation, which is Cymat Technologies 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 Cymat Technologies' stock expected returns. We can calculate the autocorrelation of Cymat Technologies returns to help us make a trade decision. For example, suppose you find that Cymat Technologies 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 |
Cymat Technologies 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 Cymat Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cymat Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cymat Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Cymat Technologies Lagged Returns
When evaluating Cymat Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cymat Technologies stock have on its future price. Cymat Technologies 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, Cymat Technologies autocorrelation shows the relationship between Cymat Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Cymat Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cymat Stock Analysis
When running Cymat Technologies' price analysis, check to measure Cymat Technologies' 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 Cymat Technologies is operating at the current time. Most of Cymat Technologies' value examination focuses on studying past and present price action to predict the probability of Cymat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cymat Technologies' price. Additionally, you may evaluate how the addition of Cymat Technologies to your portfolios can decrease your overall portfolio volatility.