CGN NEW (Germany) Market Value
| C41 Stock | EUR 0.27 0.01 3.57% |
| Symbol | CGN |
Please note, there is a significant difference between CGN NEW's value and its price as these two are different measures arrived at by different means. Investors typically determine if CGN NEW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CGN NEW'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.
CGN NEW '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 NEW'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 NEW.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in CGN NEW on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding CGN NEW ENERGY or generate 0.0% return on investment in CGN NEW over 60 days. CGN NEW is related to or competes with Chunghwa Telecom, Bank of America, Easy Software, HELIOS TECHS, and Zoom Video. More
CGN NEW 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 NEW'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 NEW ENERGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.15 | |||
| Information Ratio | 0.0272 | |||
| Maximum Drawdown | 20.69 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
CGN NEW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGN NEW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGN NEW's standard deviation. In reality, there are many statistical measures that can use CGN NEW historical prices to predict the future CGN NEW's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.0948 | |||
| Total Risk Alpha | 0.054 | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | 0.1089 |
CGN NEW ENERGY Backtested Returns
CGN NEW ENERGY secures Sharpe Ratio (or Efficiency) of -0.0743, which signifies that the company had a -0.0743% return per unit of risk over the last 3 months. CGN NEW ENERGY exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CGN NEW's mean deviation of 2.23, and Risk Adjusted Performance of 0.0349 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. CGN NEW returns are very sensitive to returns on the market. As the market goes up or down, CGN NEW is expected to follow. At this point, CGN NEW ENERGY has a negative expected return of -0.23%. Please make sure to confirm CGN NEW's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if CGN NEW ENERGY performance from the past will be repeated in the future.
Auto-correlation | 0.17 |
Very weak predictability
CGN NEW ENERGY has very weak predictability. Overlapping area represents the amount of predictability between CGN NEW time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 NEW ENERGY price movement. The serial correlation of 0.17 indicates that over 17.0% of current CGN NEW price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGN NEW ENERGY lagged returns against current returns
Autocorrelation, which is CGN NEW 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 NEW's stock expected returns. We can calculate the autocorrelation of CGN NEW returns to help us make a trade decision. For example, suppose you find that CGN NEW 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 NEW 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 NEW stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGN NEW stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGN NEW stock over time.
Current vs Lagged Prices |
| Timeline |
CGN NEW Lagged Returns
When evaluating CGN NEW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGN NEW stock have on its future price. CGN NEW 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 NEW autocorrelation shows the relationship between CGN NEW stock current value and its past values and can show if there is a momentum factor associated with investing in CGN NEW ENERGY.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CGN Stock
CGN NEW financial ratios help investors to determine whether CGN 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 CGN with respect to the benefits of owning CGN NEW security.