CubeSmart (Germany) Market Value
| UK8 Stock | EUR 46.55 0.85 1.79% |
| Symbol | CubeSmart |
CubeSmart '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 CubeSmart'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 CubeSmart.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in CubeSmart on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding CubeSmart or generate 0.0% return on investment in CubeSmart over 30 days. CubeSmart is related to or competes with Coor Service, Consolidated Communications, Cogent Communications, SK TELECOM, CEOTRONICS (CEKSG), Charter Communications, and Iridium Communications. CubeSmart is a self-administered and self-managed real estate investment trust More
CubeSmart 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 CubeSmart'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 CubeSmart upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.33 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.13 |
CubeSmart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CubeSmart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CubeSmart's standard deviation. In reality, there are many statistical measures that can use CubeSmart historical prices to predict the future CubeSmart's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0508 |
CubeSmart Backtested Returns
At this point, CubeSmart is very steady. CubeSmart secures Sharpe Ratio (or Efficiency) of 0.0177, which signifies that the company had a 0.0177% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for CubeSmart, which you can use to evaluate the volatility of the firm. Please confirm CubeSmart's mean deviation of 0.9173, and Risk Adjusted Performance of 0.0154 to double-check if the risk estimate we provide is consistent with the expected return of 0.021%. CubeSmart has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CubeSmart's returns are expected to increase less than the market. However, during the bear market, the loss of holding CubeSmart is expected to be smaller as well. CubeSmart right now shows a risk of 1.19%. Please confirm CubeSmart semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if CubeSmart will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
CubeSmart has good predictability. Overlapping area represents the amount of predictability between CubeSmart time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 CubeSmart price movement. The serial correlation of 0.7 indicates that around 70.0% of current CubeSmart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
CubeSmart lagged returns against current returns
Autocorrelation, which is CubeSmart 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 CubeSmart's stock expected returns. We can calculate the autocorrelation of CubeSmart returns to help us make a trade decision. For example, suppose you find that CubeSmart 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 |
CubeSmart 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 CubeSmart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CubeSmart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CubeSmart stock over time.
Current vs Lagged Prices |
| Timeline |
CubeSmart Lagged Returns
When evaluating CubeSmart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CubeSmart stock have on its future price. CubeSmart 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, CubeSmart autocorrelation shows the relationship between CubeSmart stock current value and its past values and can show if there is a momentum factor associated with investing in CubeSmart.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CubeSmart Stock
When determining whether CubeSmart is a strong investment it is important to analyze CubeSmart's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CubeSmart's future performance. For an informed investment choice regarding CubeSmart Stock, refer to the following important reports:Check out CubeSmart Correlation, CubeSmart Volatility and CubeSmart Alpha and Beta module to complement your research on CubeSmart. For more detail on how to invest in CubeSmart Stock please use our How to Invest in CubeSmart guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
CubeSmart 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.