Cummins (Brazil) Market Value
| C1MI34 Stock | BRL 534.60 0.00 0.00% |
| Symbol | Cummins |
Cummins '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 Cummins' 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 Cummins.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Cummins on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Cummins or generate 0.0% return on investment in Cummins over 90 days. Cummins is related to or competes with SVB Financial, Citizens Financial, Sumitomo Mitsui, Warner Music, and Deutsche Bank. Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powert... More
Cummins 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 Cummins' 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 Cummins upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.9436 |
Cummins Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cummins' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cummins' standard deviation. In reality, there are many statistical measures that can use Cummins historical prices to predict the future Cummins' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0272 | |||
| Treynor Ratio | 1.0 |
Cummins Backtested Returns
Cummins secures Sharpe Ratio (or Efficiency) of -0.0798, which signifies that the company had a -0.0798 % return per unit of risk over the last 3 months. Cummins exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cummins' Mean Deviation of 0.3502, standard deviation of 0.8516, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cummins are expected to decrease at a much lower rate. During the bear market, Cummins is likely to outperform the market. At this point, Cummins has a negative expected return of -0.0592%. Please make sure to confirm Cummins' variance, jensen alpha, value at risk, as well as the relationship between the information ratio and maximum drawdown , to decide if Cummins performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Cummins has weak reverse predictability. Overlapping area represents the amount of predictability between Cummins time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Cummins price movement. The serial correlation of -0.21 indicates that over 21.0% of current Cummins price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 19.18 |
Cummins lagged returns against current returns
Autocorrelation, which is Cummins 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 Cummins' stock expected returns. We can calculate the autocorrelation of Cummins returns to help us make a trade decision. For example, suppose you find that Cummins 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 |
Cummins 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 Cummins stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cummins stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cummins stock over time.
Current vs Lagged Prices |
| Timeline |
Cummins Lagged Returns
When evaluating Cummins' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cummins stock have on its future price. Cummins 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, Cummins autocorrelation shows the relationship between Cummins stock current value and its past values and can show if there is a momentum factor associated with investing in Cummins.
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 Information and Resources on Investing in Cummins Stock
When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:Check out Cummins Correlation, Cummins Volatility and Cummins Alpha and Beta module to complement your research on Cummins. For information on how to trade Cummins Stock refer to our How to Trade Cummins Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Cummins technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.