CGN Power (Germany) Market Value
| 94C Stock | 0.31 0.01 3.13% |
| Symbol | CGN |
CGN Power '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 CGN Power'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 CGN Power.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in CGN Power on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding CGN Power Co or generate 0.0% return on investment in CGN Power over 30 days. CGN Power is related to or competes with SENECA FOODS-A, Ebro Foods, Taiwan Semiconductor, UNITED UTILITIES, Chesapeake Utilities, Nordic Semiconductor, and Austevoll Seafood. More
CGN Power 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 CGN Power'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 CGN Power Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.15 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 5.88 |
CGN Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGN Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGN Power's standard deviation. In reality, there are many statistical measures that can use CGN Power historical prices to predict the future CGN Power's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.00009) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CGN Power's 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.
CGN Power Backtested Returns
CGN Power secures Sharpe Ratio (or Efficiency) of -0.0408, which signifies that the company had a -0.0408% return per unit of risk over the last 3 months. CGN Power Co exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CGN Power's mean deviation of 1.96, and Risk Adjusted Performance of 0.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CGN Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding CGN Power is expected to be smaller as well. At this point, CGN Power has a negative expected return of -0.11%. Please make sure to confirm CGN Power's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to decide if CGN Power performance from the past will be repeated in the future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
CGN Power Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CGN Power time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CGN Power price movement. The serial correlation of -0.73 indicates that around 73.0% of current CGN Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGN Power lagged returns against current returns
Autocorrelation, which is CGN Power 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 CGN Power's stock expected returns. We can calculate the autocorrelation of CGN Power returns to help us make a trade decision. For example, suppose you find that CGN Power 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 |
CGN Power 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 CGN Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGN Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGN Power stock over time.
Current vs Lagged Prices |
| Timeline |
CGN Power Lagged Returns
When evaluating CGN Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGN Power stock have on its future price. CGN Power 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, CGN Power autocorrelation shows the relationship between CGN Power stock current value and its past values and can show if there is a momentum factor associated with investing in CGN Power Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CGN Stock Analysis
When running CGN Power's price analysis, check to measure CGN Power'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 CGN Power is operating at the current time. Most of CGN Power's value examination focuses on studying past and present price action to predict the probability of CGN Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGN Power's price. Additionally, you may evaluate how the addition of CGN Power to your portfolios can decrease your overall portfolio volatility.