Cloudpoint Technology's market value is the price at which a share of Cloudpoint Technology trades on a public exchange. It measures the collective expectations of Cloudpoint Technology Berhad investors about its performance. Cloudpoint Technology is selling for 0.84 as of the 1st of December 2024. This is a 2.44 percent increase since the beginning of the trading day. The stock's lowest day price was 0.82. With this module, you can estimate the performance of a buy and hold strategy of Cloudpoint Technology Berhad and determine expected loss or profit from investing in Cloudpoint Technology over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Cloudpoint
Cloudpoint Technology '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 Cloudpoint Technology'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 Cloudpoint Technology.
0.00
11/01/2024
No Change 0.00
0.0
In 31 days
12/01/2024
0.00
If you would invest 0.00 in Cloudpoint Technology on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cloudpoint Technology Berhad or generate 0.0% return on investment in Cloudpoint Technology over 30 days.
Cloudpoint Technology 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 Cloudpoint Technology'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 Cloudpoint Technology Berhad upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cloudpoint Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cloudpoint Technology's standard deviation. In reality, there are many statistical measures that can use Cloudpoint Technology historical prices to predict the future Cloudpoint Technology's volatility.
As of now, Cloudpoint Stock is extremely dangerous. Cloudpoint Technology secures Sharpe Ratio (or Efficiency) of 0.041, which signifies that the company had a 0.041% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cloudpoint Technology Berhad, which you can use to evaluate the volatility of the firm. Please confirm Cloudpoint Technology's Mean Deviation of 2.12, risk adjusted performance of 0.0591, and Downside Deviation of 2.85 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Cloudpoint Technology has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0817, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cloudpoint Technology are expected to decrease at a much lower rate. During the bear market, Cloudpoint Technology is likely to outperform the market. Cloudpoint Technology right now shows a risk of 2.78%. Please confirm Cloudpoint Technology downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Cloudpoint Technology will be following its price patterns.
Auto-correlation
-0.07
Very weak reverse predictability
Cloudpoint Technology Berhad has very weak reverse predictability. Overlapping area represents the amount of predictability between Cloudpoint Technology time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Cloudpoint Technology price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Cloudpoint Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
0.46
Residual Average
0.0
Price Variance
0.0
Cloudpoint Technology lagged returns against current returns
Autocorrelation, which is Cloudpoint Technology 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 Cloudpoint Technology's stock expected returns. We can calculate the autocorrelation of Cloudpoint Technology returns to help us make a trade decision. For example, suppose you find that Cloudpoint Technology 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
Cloudpoint Technology 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 Cloudpoint Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cloudpoint Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cloudpoint Technology stock over time.
Current vs Lagged Prices
Timeline
Cloudpoint Technology Lagged Returns
When evaluating Cloudpoint Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cloudpoint Technology stock have on its future price. Cloudpoint Technology 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, Cloudpoint Technology autocorrelation shows the relationship between Cloudpoint Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cloudpoint Technology Berhad.
Regressed Prices
Timeline
Also Currently Popular
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.