CBrain AS (Denmark) Market Value
| CBRAIN Stock | DKK 153.40 3.20 2.13% |
| Symbol | CBrain |
CBrain AS '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 CBrain AS'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 CBrain AS.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CBrain AS on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding cBrain AS or generate 0.0% return on investment in CBrain AS over 90 days. CBrain AS is related to or competes with ChemoMetec, Ambu AS, Genmab AS, Zealand Pharma, and Netcompany Group. cBrain AS, a software company, develops software for government, unions, and private knowledge firms in Denmark More
CBrain AS 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 CBrain AS'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 cBrain AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 30.19 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 5.22 |
CBrain AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CBrain AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CBrain AS's standard deviation. In reality, there are many statistical measures that can use CBrain AS historical prices to predict the future CBrain AS's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | 0.0917 | |||
| Treynor Ratio | (0.43) |
cBrain AS Backtested Returns
cBrain AS secures Sharpe Ratio (or Efficiency) of -0.0587, which signifies that the company had a -0.0587 % return per unit of risk over the last 3 months. cBrain AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CBrain AS's Coefficient Of Variation of (997.57), standard deviation of 4.07, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. CBrain AS returns are very sensitive to returns on the market. As the market goes up or down, CBrain AS is expected to follow. At this point, cBrain AS has a negative expected return of -0.25%. Please make sure to confirm CBrain AS's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if cBrain AS performance from the past will be repeated at some future point.
Auto-correlation | -0.55 |
Good reverse predictability
cBrain AS has good reverse predictability. Overlapping area represents the amount of predictability between CBrain AS time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 cBrain AS price movement. The serial correlation of -0.55 indicates that about 55.0% of current CBrain AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 661.71 |
cBrain AS lagged returns against current returns
Autocorrelation, which is CBrain AS 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 CBrain AS's stock expected returns. We can calculate the autocorrelation of CBrain AS returns to help us make a trade decision. For example, suppose you find that CBrain AS 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 |
CBrain AS 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 CBrain AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CBrain AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CBrain AS stock over time.
Current vs Lagged Prices |
| Timeline |
CBrain AS Lagged Returns
When evaluating CBrain AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CBrain AS stock have on its future price. CBrain AS 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, CBrain AS autocorrelation shows the relationship between CBrain AS stock current value and its past values and can show if there is a momentum factor associated with investing in cBrain AS.
Regressed Prices |
| Timeline |
Pair Trading with CBrain AS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CBrain AS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CBrain AS will appreciate offsetting losses from the drop in the long position's value.Moving against CBrain Stock
| 0.85 | ISS | ISS AS | PairCorr |
| 0.74 | CARL-B | Carlsberg AS | PairCorr |
| 0.71 | MAERSK-A | AP Mller | PairCorr |
| 0.7 | DANSKE | Danske Bank AS | PairCorr |
| 0.66 | CARL-A | Carlsberg AS | PairCorr |
The ability to find closely correlated positions to CBrain AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CBrain AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CBrain AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling cBrain AS to buy it.
The correlation of CBrain AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CBrain AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if cBrain AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CBrain AS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in CBrain Stock
CBrain AS financial ratios help investors to determine whether CBrain 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 CBrain with respect to the benefits of owning CBrain AS security.