CMG Cleantech (France) Market Value
| MLCMG Stock | EUR 1.19 0.01 0.83% |
| Symbol | CMG |
CMG Cleantech '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 CMG Cleantech'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 CMG Cleantech.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CMG Cleantech on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CMG Cleantech SA or generate 0.0% return on investment in CMG Cleantech over 30 days. CMG Cleantech is related to or competes with EPC Groupe, Groupe Sfpi, Baikowski SASU, and NSE SA. Compagnie Miniere Grecemar SA, a mining company, engages in the extraction of granite in Uruguay More
CMG Cleantech 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 CMG Cleantech'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 CMG Cleantech SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.1859 | |||
| Maximum Drawdown | 29.03 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.59 |
CMG Cleantech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CMG Cleantech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CMG Cleantech's standard deviation. In reality, there are many statistical measures that can use CMG Cleantech historical prices to predict the future CMG Cleantech's volatility.| Risk Adjusted Performance | 0.1737 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.246 | |||
| Sortino Ratio | 0.383 | |||
| Treynor Ratio | (1.25) |
CMG Cleantech SA Backtested Returns
CMG Cleantech appears to be extremely dangerous, given 3 months investment horizon. CMG Cleantech SA secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of return volatility over the last 3 months. By examining CMG Cleantech's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please makes use of CMG Cleantech's Risk Adjusted Performance of 0.1737, mean deviation of 2.01, and Downside Deviation of 2.14 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CMG Cleantech holds a performance score of 17. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CMG Cleantech are expected to decrease at a much lower rate. During the bear market, CMG Cleantech is likely to outperform the market. Please check CMG Cleantech's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether CMG Cleantech's price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
CMG Cleantech SA has virtually no predictability. Overlapping area represents the amount of predictability between CMG Cleantech time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 CMG Cleantech SA price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current CMG Cleantech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CMG Cleantech SA lagged returns against current returns
Autocorrelation, which is CMG Cleantech 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 CMG Cleantech's stock expected returns. We can calculate the autocorrelation of CMG Cleantech returns to help us make a trade decision. For example, suppose you find that CMG Cleantech 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 |
CMG Cleantech 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 CMG Cleantech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CMG Cleantech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CMG Cleantech stock over time.
Current vs Lagged Prices |
| Timeline |
CMG Cleantech Lagged Returns
When evaluating CMG Cleantech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CMG Cleantech stock have on its future price. CMG Cleantech 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, CMG Cleantech autocorrelation shows the relationship between CMG Cleantech stock current value and its past values and can show if there is a momentum factor associated with investing in CMG Cleantech SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for CMG Stock Analysis
When running CMG Cleantech's price analysis, check to measure CMG Cleantech'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 CMG Cleantech is operating at the current time. Most of CMG Cleantech's value examination focuses on studying past and present price action to predict the probability of CMG Cleantech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMG Cleantech's price. Additionally, you may evaluate how the addition of CMG Cleantech to your portfolios can decrease your overall portfolio volatility.