C1MI34 (Brazil) Market Value

C1MI34 Stock  BRL 553.50  2.94  0.53%   
C1MI34's market value is the price at which a share of C1MI34 trades on a public exchange. It measures the collective expectations of C1MI34 investors about its performance. C1MI34 is trading at 553.50 as of the 23rd of December 2024, a 0.53% down since the beginning of the trading day. The stock's open price was 556.44.
With this module, you can estimate the performance of a buy and hold strategy of C1MI34 and determine expected loss or profit from investing in C1MI34 over a given investment horizon. Check out C1MI34 Correlation, C1MI34 Volatility and C1MI34 Alpha and Beta module to complement your research on C1MI34.
Symbol

Please note, there is a significant difference between C1MI34's value and its price as these two are different measures arrived at by different means. Investors typically determine if C1MI34 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, C1MI34's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

C1MI34 '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 C1MI34'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 C1MI34.
0.00
06/26/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/23/2024
0.00
If you would invest  0.00  in C1MI34 on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding C1MI34 or generate 0.0% return on investment in C1MI34 over 180 days. C1MI34 is related to or competes with Take Two, Bemobi Mobile, Agilent Technologies, Micron Technology, Taiwan Semiconductor, CM Hospitalar, and Palantir Technologies. Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powert... More

C1MI34 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 C1MI34'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 C1MI34 upside and downside potential and time the market with a certain degree of confidence.

C1MI34 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for C1MI34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C1MI34's standard deviation. In reality, there are many statistical measures that can use C1MI34 historical prices to predict the future C1MI34's volatility.
Hype
Prediction
LowEstimatedHigh
550.41553.50556.59
Details
Intrinsic
Valuation
LowRealHigh
495.06498.15608.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as C1MI34. Your research has to be compared to or analyzed against C1MI34's peers to derive any actionable benefits. When done correctly, C1MI34's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in C1MI34.

C1MI34 Backtested Returns

C1MI34 appears to be very steady, given 3 months investment horizon. C1MI34 secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for C1MI34, which you can use to evaluate the volatility of the entity. Please makes use of C1MI34's Mean Deviation of 1.07, coefficient of variation of 608.39, and Variance of 9.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, C1MI34 holds a performance score of 10. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning C1MI34 are expected to decrease at a much lower rate. During the bear market, C1MI34 is likely to outperform the market. Please check C1MI34's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether C1MI34's price patterns will revert.

Auto-correlation

    
  0.79  

Good predictability

C1MI34 has good predictability. Overlapping area represents the amount of predictability between C1MI34 time series from 26th of June 2024 to 24th of September 2024 and 24th of September 2024 to 23rd 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 C1MI34 price movement. The serial correlation of 0.79 indicates that around 79.0% of current C1MI34 price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.87
Residual Average0.0
Price Variance2411.3

C1MI34 lagged returns against current returns

Autocorrelation, which is C1MI34 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 C1MI34's stock expected returns. We can calculate the autocorrelation of C1MI34 returns to help us make a trade decision. For example, suppose you find that C1MI34 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  

C1MI34 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 C1MI34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C1MI34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C1MI34 stock over time.
   Current vs Lagged Prices   
       Timeline  

C1MI34 Lagged Returns

When evaluating C1MI34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C1MI34 stock have on its future price. C1MI34 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, C1MI34 autocorrelation shows the relationship between C1MI34 stock current value and its past values and can show if there is a momentum factor associated with investing in C1MI34.
   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.

Other Information on Investing in C1MI34 Stock

C1MI34 financial ratios help investors to determine whether C1MI34 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in C1MI34 with respect to the benefits of owning C1MI34 security.