Cymat Technologies Stock Market Value
| CYMHF Stock | USD 0.13 0.00 0.00% |
| Symbol | Cymat |
Cymat Technologies '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 Cymat Technologies' otc 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 Cymat Technologies.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Cymat Technologies on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cymat Technologies or generate 0.0% return on investment in Cymat Technologies over 30 days. Cymat Technologies is related to or competes with Anhui Conch, Asahi Kaisei, Alumina, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam products worldw... More
Cymat Technologies 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 Cymat Technologies' otc 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 Cymat Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Cymat Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cymat Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cymat Technologies' standard deviation. In reality, there are many statistical measures that can use Cymat Technologies historical prices to predict the future Cymat Technologies' volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cymat Technologies' 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.
Cymat Technologies Backtested Returns
Cymat Technologies secures Sharpe Ratio (or Efficiency) of -0.0097, which signifies that the company had a -0.0097% return per unit of risk over the last 3 months. Cymat Technologies exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cymat Technologies' Mean Deviation of 1.7, risk adjusted performance of 0.0026, and Standard Deviation of 3.92 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cymat Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cymat Technologies is expected to be smaller as well. Cymat Technologies has an expected return of -0.0391%. Please make sure to confirm Cymat Technologies total risk alpha, as well as the relationship between the kurtosis and relative strength index , to decide if Cymat Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Cymat Technologies has no correlation between past and present. Overlapping area represents the amount of predictability between Cymat Technologies time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Cymat Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cymat Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cymat Technologies lagged returns against current returns
Autocorrelation, which is Cymat Technologies otc 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 Cymat Technologies' otc stock expected returns. We can calculate the autocorrelation of Cymat Technologies returns to help us make a trade decision. For example, suppose you find that Cymat Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
Cymat Technologies 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 Cymat Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cymat Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cymat Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Cymat Technologies Lagged Returns
When evaluating Cymat Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cymat Technologies otc stock have on its future price. Cymat Technologies 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, Cymat Technologies autocorrelation shows the relationship between Cymat Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cymat Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Cymat Technologies
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 Cymat Technologies 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 Cymat Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Cymat OTC Stock
| 0.73 | CHKEZ | Chesapeake Energy | PairCorr |
| 0.72 | CHKEL | Chesapeake Energy | PairCorr |
| 0.72 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.62 | PCTTW | PureCycle Technologies | PairCorr |
| 0.48 | GCMGW | GCM Grosvenor | PairCorr |
The ability to find closely correlated positions to Cymat Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cymat Technologies 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 Cymat Technologies - 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 Cymat Technologies to buy it.
The correlation of Cymat Technologies 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 Cymat Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cymat Technologies 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 Cymat Technologies 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 Cymat Technologies Correlation, Cymat Technologies Volatility and Cymat Technologies Alpha and Beta module to complement your research on Cymat Technologies. Note that the Cymat Technologies information on this page should be used as a complementary analysis to other Cymat Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Cymat OTC Stock analysis
When running Cymat Technologies' price analysis, check to measure Cymat Technologies' 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 Cymat Technologies is operating at the current time. Most of Cymat Technologies' value examination focuses on studying past and present price action to predict the probability of Cymat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cymat Technologies' price. Additionally, you may evaluate how the addition of Cymat Technologies to your portfolios can decrease your overall portfolio volatility.
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Cymat Technologies technical otc 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, otc market cycles, or different charting patterns.