Cincinnati Financial (UK) Market Value
| 0HYE Stock | 160.83 1.54 0.97% |
| Symbol | Cincinnati |
Cincinnati Financial '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 Cincinnati Financial'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 Cincinnati Financial.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cincinnati Financial on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cincinnati Financial Corp or generate 0.0% return on investment in Cincinnati Financial over 30 days. Cincinnati Financial is related to or competes with Tungsten West, Argo Group, Hardide PLC, Quantum Blockchain, and Malvern International. Cincinnati Financial is entity of United Kingdom More
Cincinnati Financial 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 Cincinnati Financial'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 Cincinnati Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.1123 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.44 |
Cincinnati Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cincinnati Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cincinnati Financial's standard deviation. In reality, there are many statistical measures that can use Cincinnati Financial historical prices to predict the future Cincinnati Financial's volatility.| Risk Adjusted Performance | 0.1528 | |||
| Jensen Alpha | 0.1554 | |||
| Total Risk Alpha | 0.0558 | |||
| Sortino Ratio | 0.1229 | |||
| Treynor Ratio | 0.2482 |
Cincinnati Financial Corp Backtested Returns
Cincinnati Financial appears to be very steady, given 3 months investment horizon. Cincinnati Financial Corp secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cincinnati Financial Corp, which you can use to evaluate the volatility of the firm. Please makes use of Cincinnati Financial's Downside Deviation of 1.42, risk adjusted performance of 0.1528, and Mean Deviation of 1.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cincinnati Financial holds a performance score of 13. The firm shows a Beta (market volatility) of 1.17, 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, Cincinnati Financial will likely underperform. Please check Cincinnati Financial's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Cincinnati Financial's price patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Cincinnati Financial Corp has excellent predictability. Overlapping area represents the amount of predictability between Cincinnati Financial time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cincinnati Financial Corp price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Cincinnati Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 17.62 |
Cincinnati Financial Corp lagged returns against current returns
Autocorrelation, which is Cincinnati Financial 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 Cincinnati Financial's stock expected returns. We can calculate the autocorrelation of Cincinnati Financial returns to help us make a trade decision. For example, suppose you find that Cincinnati Financial 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 |
Cincinnati Financial 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 Cincinnati Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cincinnati Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cincinnati Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Cincinnati Financial Lagged Returns
When evaluating Cincinnati Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cincinnati Financial stock have on its future price. Cincinnati Financial 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, Cincinnati Financial autocorrelation shows the relationship between Cincinnati Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Cincinnati Financial Corp.
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.Additional Tools for Cincinnati Stock Analysis
When running Cincinnati Financial's price analysis, check to measure Cincinnati Financial'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 Cincinnati Financial is operating at the current time. Most of Cincinnati Financial's value examination focuses on studying past and present price action to predict the probability of Cincinnati Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cincinnati Financial's price. Additionally, you may evaluate how the addition of Cincinnati Financial to your portfolios can decrease your overall portfolio volatility.