Cgi Inc Stock Market Value
| GIB-A Stock | CAD 170.71 3.15 1.81% |
| Symbol | CGI |
CGI Inc Price To Book Ratio
CGI '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 CGI'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 CGI.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in CGI on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding CGI Inc or generate 0.0% return on investment in CGI over 720 days. CGI is related to or competes with Open Text, Metro, Constellation Software, CAE, and S A P. CGI Inc., together with its subsidiaries, provides information technology and business process services in Canada, North... More
CGI 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 CGI'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 CGI Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.115 | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.65 |
CGI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGI's standard deviation. In reality, there are many statistical measures that can use CGI historical prices to predict the future CGI's volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.1298 | |||
| Total Risk Alpha | 0.1286 | |||
| Sortino Ratio | 0.1061 | |||
| Treynor Ratio | 0.2935 |
CGI Inc Backtested Returns
Currently, CGI Inc is very steady. CGI Inc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CGI Inc, which you can use to evaluate the volatility of the firm. Please confirm CGI's Semi Deviation of 1.05, risk adjusted performance of 0.0922, and Mean Deviation of 0.7613 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. CGI has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CGI's returns are expected to increase less than the market. However, during the bear market, the loss of holding CGI is expected to be smaller as well. CGI Inc at this time shows a risk of 1.0%. Please confirm CGI Inc standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if CGI Inc will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
CGI Inc has below average predictability. Overlapping area represents the amount of predictability between CGI time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CGI Inc price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current CGI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 81.09 |
CGI Inc lagged returns against current returns
Autocorrelation, which is CGI 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 CGI's stock expected returns. We can calculate the autocorrelation of CGI returns to help us make a trade decision. For example, suppose you find that CGI 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 |
CGI 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 CGI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGI stock over time.
Current vs Lagged Prices |
| Timeline |
CGI Lagged Returns
When evaluating CGI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGI stock have on its future price. CGI 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, CGI autocorrelation shows the relationship between CGI stock current value and its past values and can show if there is a momentum factor associated with investing in CGI Inc.
Regressed Prices |
| Timeline |
Pair Trading with CGI
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 CGI 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 CGI will appreciate offsetting losses from the drop in the long position's value.Moving together with CGI Stock
Moving against CGI Stock
The ability to find closely correlated positions to CGI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CGI 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 CGI - 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 CGI Inc to buy it.
The correlation of CGI 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 CGI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CGI 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 CGI 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.Additional Tools for CGI Stock Analysis
When running CGI's price analysis, check to measure CGI's 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 CGI is operating at the current time. Most of CGI's value examination focuses on studying past and present price action to predict the probability of CGI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGI's price. Additionally, you may evaluate how the addition of CGI to your portfolios can decrease your overall portfolio volatility.