Currentc Power Stock Market Value
| AECX Stock | 0.12 0.08 40.00% |
| Symbol | CurrentC |
CurrentC 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 CurrentC Power's pink sheet 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 CurrentC Power.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in CurrentC Power on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding CurrentC Power or generate 0.0% return on investment in CurrentC Power over 30 days. CurrentC Power is related to or competes with BorgWarner, Dana, Lucid, Visteon Corp, Cars, Griffon, and Perseus Mining. More
CurrentC 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 CurrentC Power's pink sheet 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 CurrentC Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 45.61 | |||
| Information Ratio | 0.1048 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (43.48) | |||
| Potential Upside | 66.67 |
CurrentC Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CurrentC Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CurrentC Power's standard deviation. In reality, there are many statistical measures that can use CurrentC Power historical prices to predict the future CurrentC Power's volatility.| Risk Adjusted Performance | 0.0934 | |||
| Jensen Alpha | 2.57 | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | 1.14 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CurrentC 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.
CurrentC Power Backtested Returns
CurrentC Power is out of control given 3 months investment horizon. CurrentC Power secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.3% are justified by taking the suggested risk. Use CurrentC Power Risk Adjusted Performance of 0.0934, mean deviation of 12.31, and Downside Deviation of 45.61 to evaluate company specific risk that cannot be diversified away. CurrentC Power holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.51, 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, CurrentC Power will likely underperform. Use CurrentC Power maximum drawdown, as well as the relationship between the expected short fall and day median price , to analyze future returns on CurrentC Power.
Auto-correlation | 0.73 |
Good predictability
CurrentC Power has good predictability. Overlapping area represents the amount of predictability between CurrentC Power time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 CurrentC Power price movement. The serial correlation of 0.73 indicates that around 73.0% of current CurrentC Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CurrentC Power lagged returns against current returns
Autocorrelation, which is CurrentC Power pink sheet'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 CurrentC Power's pink sheet expected returns. We can calculate the autocorrelation of CurrentC Power returns to help us make a trade decision. For example, suppose you find that CurrentC Power has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
CurrentC 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 CurrentC Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CurrentC Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CurrentC Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CurrentC Power Lagged Returns
When evaluating CurrentC Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CurrentC Power pink sheet have on its future price. CurrentC 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, CurrentC Power autocorrelation shows the relationship between CurrentC Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CurrentC Power.
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 CurrentC Pink Sheet Analysis
When running CurrentC Power's price analysis, check to measure CurrentC 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 CurrentC Power is operating at the current time. Most of CurrentC Power's value examination focuses on studying past and present price action to predict the probability of CurrentC 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 CurrentC Power's price. Additionally, you may evaluate how the addition of CurrentC Power to your portfolios can decrease your overall portfolio volatility.