CM AM (Germany) Market Value
| 0P0001F96C | 106.29 0.02 0.02% |
| Symbol | 0P0001F96C |
CM AM '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 CM AM's fund 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 CM AM.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in CM AM on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding CM AM Monplus NE or generate 0.0% return on investment in CM AM over 30 days.
CM AM 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 CM AM's fund 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 CM AM Monplus NE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.26) | |||
| Maximum Drawdown | 0.0379 | |||
| Potential Upside | 0.0284 |
CM AM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CM AM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CM AM's standard deviation. In reality, there are many statistical measures that can use CM AM historical prices to predict the future CM AM's volatility.| Risk Adjusted Performance | 0.2771 | |||
| Total Risk Alpha | 0.0026 |
CM AM Monplus Backtested Returns
At this point, CM AM is very steady. CM AM Monplus retains Efficiency (Sharpe Ratio) of 1.47, which signifies that the fund had a 1.47% return per unit of price deviation over the last 3 months. We have found eighteen technical indicators for CM AM, which you can use to evaluate the volatility of the entity. Please confirm CM AM's Total Risk Alpha of 0.0026, mean deviation of 0.0064, and Information Ratio of (2.26) to double-check if the risk estimate we provide is consistent with the expected return of 0.0127%. The fund owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CM AM are completely uncorrelated.
Auto-correlation | 0.98 |
Excellent predictability
CM AM Monplus NE has excellent predictability. Overlapping area represents the amount of predictability between CM AM time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 CM AM Monplus price movement. The serial correlation of 0.98 indicates that 98.0% of current CM AM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CM AM Monplus lagged returns against current returns
Autocorrelation, which is CM AM fund'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 CM AM's fund expected returns. We can calculate the autocorrelation of CM AM returns to help us make a trade decision. For example, suppose you find that CM AM has exhibited high autocorrelation historically, and you observe that the fund 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 |
CM AM 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 CM AM fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CM AM fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CM AM fund over time.
Current vs Lagged Prices |
| Timeline |
CM AM Lagged Returns
When evaluating CM AM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CM AM fund have on its future price. CM AM 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, CM AM autocorrelation shows the relationship between CM AM fund current value and its past values and can show if there is a momentum factor associated with investing in CM AM Monplus NE.
Regressed Prices |
| Timeline |
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