Cyngn Inc Stock Market Value
| CYN Stock | USD 6.39 0.38 6.32% |
| Symbol | Cyngn |
Cyngn Inc Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cyngn. If investors know Cyngn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cyngn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (39.49) | Revenue Per Share 0.125 | Quarterly Revenue Growth (0.98) | Return On Assets (1.04) | Return On Equity (1.91) |
The market value of Cyngn Inc is measured differently than its book value, which is the value of Cyngn that is recorded on the company's balance sheet. Investors also form their own opinion of Cyngn's value that differs from its market value or its book value, called intrinsic value, which is Cyngn's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cyngn's market value can be influenced by many factors that don't directly affect Cyngn's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cyngn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cyngn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cyngn's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cyngn '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 Cyngn'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 Cyngn.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cyngn on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cyngn Inc or generate 0.0% return on investment in Cyngn over 30 days. Cyngn is related to or competes with Paltalk, Sphere 3D, Society Pass, Marin Software, EzFill Holdings, Auddia, and Freight Technologies. Cyngn Inc., an autonomous vehicle technology company, develops autonomous driving software More
Cyngn 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 Cyngn'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 Cyngn Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.74 | |||
| Information Ratio | 0.0838 | |||
| Maximum Drawdown | 47.65 | |||
| Value At Risk | (8.39) | |||
| Potential Upside | 11.29 |
Cyngn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cyngn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cyngn's standard deviation. In reality, there are many statistical measures that can use Cyngn historical prices to predict the future Cyngn's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.7217 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.1049 | |||
| Treynor Ratio | (19.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cyngn'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.
Cyngn Inc Backtested Returns
Cyngn is very risky given 3 months investment horizon. Cyngn Inc secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Cyngn Risk Adjusted Performance of 0.0865, mean deviation of 4.96, and Downside Deviation of 5.74 to evaluate company specific risk that cannot be diversified away. Cyngn holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0368, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cyngn are expected to decrease at a much lower rate. During the bear market, Cyngn is likely to outperform the market. Use Cyngn semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Cyngn.
Auto-correlation | -0.06 |
Very weak reverse predictability
Cyngn Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Cyngn time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cyngn Inc price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Cyngn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Cyngn Inc lagged returns against current returns
Autocorrelation, which is Cyngn 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 Cyngn's stock expected returns. We can calculate the autocorrelation of Cyngn returns to help us make a trade decision. For example, suppose you find that Cyngn 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 |
Cyngn 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 Cyngn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cyngn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cyngn stock over time.
Current vs Lagged Prices |
| Timeline |
Cyngn Lagged Returns
When evaluating Cyngn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cyngn stock have on its future price. Cyngn 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, Cyngn autocorrelation shows the relationship between Cyngn stock current value and its past values and can show if there is a momentum factor associated with investing in Cyngn Inc.
Regressed Prices |
| Timeline |
Pair Trading with Cyngn
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 Cyngn 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 Cyngn will appreciate offsetting losses from the drop in the long position's value.Moving together with Cyngn Stock
| 0.78 | DJCO | Daily Journal Corp | PairCorr |
| 0.77 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.69 | BL | Blackline | PairCorr |
The ability to find closely correlated positions to Cyngn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cyngn 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 Cyngn - 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 Cyngn Inc to buy it.
The correlation of Cyngn 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 Cyngn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyngn Inc 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 Cyngn 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.Check out Cyngn Correlation, Cyngn Volatility and Cyngn Alpha and Beta module to complement your research on Cyngn. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Cyngn technical stock 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, stock market cycles, or different charting patterns.