CEVA (Germany) Market Value
| PVJA Stock | EUR 29.60 0.20 0.67% |
| Symbol | CEVA |
CEVA '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 CEVA'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 CEVA.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in CEVA on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding CEVA Inc or generate 0.0% return on investment in CEVA over 720 days. CEVA is related to or competes with Perdoceo Education, Ares Management, OFFICE DEPOT, SIEM OFFSHORE, Sims Metal, CEOTRONICS, and AGF Management. CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equ... More
CEVA 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 CEVA'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 CEVA Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1371 | |||
| Maximum Drawdown | 19.66 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 5.41 |
CEVA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEVA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEVA's standard deviation. In reality, there are many statistical measures that can use CEVA historical prices to predict the future CEVA's volatility.| Risk Adjusted Performance | 0.1354 | |||
| Jensen Alpha | 0.3902 | |||
| Total Risk Alpha | 0.0475 | |||
| Sortino Ratio | 0.2112 | |||
| Treynor Ratio | 0.4065 |
CEVA Inc Backtested Returns
CEVA appears to be very steady, given 3 months investment horizon. CEVA Inc secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of volatility over the last 3 months. By reviewing CEVA's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of CEVA's risk adjusted performance of 0.1354, and Mean Deviation of 2.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CEVA holds a performance score of 13. The firm shows a Beta (market volatility) of 1.34, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CEVA will likely underperform. Please check CEVA's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether CEVA's price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
CEVA Inc has poor reverse predictability. Overlapping area represents the amount of predictability between CEVA time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 CEVA Inc price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current CEVA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 8.47 |
CEVA Inc lagged returns against current returns
Autocorrelation, which is CEVA 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 CEVA's stock expected returns. We can calculate the autocorrelation of CEVA returns to help us make a trade decision. For example, suppose you find that CEVA 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 |
CEVA 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 CEVA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEVA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEVA stock over time.
Current vs Lagged Prices |
| Timeline |
CEVA Lagged Returns
When evaluating CEVA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEVA stock have on its future price. CEVA 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, CEVA autocorrelation shows the relationship between CEVA stock current value and its past values and can show if there is a momentum factor associated with investing in CEVA Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CEVA Stock
When determining whether CEVA Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CEVA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceva Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceva Inc Stock:Check out CEVA Correlation, CEVA Volatility and CEVA Alpha and Beta module to complement your research on CEVA. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
CEVA 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.