Compugen (Israel) Market Value
| CGEN Stock | ILA 711.20 3.20 0.45% |
| Symbol | Compugen |
Compugen '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 Compugen'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 Compugen.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Compugen on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Compugen or generate 0.0% return on investment in Compugen over 60 days. Compugen is related to or competes with Evogene, Kamada, Tower Semiconductor, Elbit Systems, and Nice. Compugen Ltd., a clinical-stage therapeutic discovery and development company, engages in the research, development, and... More
Compugen 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 Compugen'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 Compugen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 23.55 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 10.72 |
Compugen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compugen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compugen's standard deviation. In reality, there are many statistical measures that can use Compugen historical prices to predict the future Compugen's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.3371 | |||
| Total Risk Alpha | 0.4632 | |||
| Sortino Ratio | 0.0897 | |||
| Treynor Ratio | 0.4205 |
Compugen Backtested Returns
Compugen appears to be very steady, given 3 months investment horizon. Compugen secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. By analyzing Compugen's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Compugen's Mean Deviation of 3.34, downside deviation of 3.82, and Risk Adjusted Performance of 0.0612 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compugen holds a performance score of 10. The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Compugen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compugen is expected to be smaller as well. Please check Compugen's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Compugen's price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Compugen has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Compugen time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd 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 Compugen price movement. The serial correlation of -0.74 indicates that around 74.0% of current Compugen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 3794.9 |
Compugen lagged returns against current returns
Autocorrelation, which is Compugen 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 Compugen's stock expected returns. We can calculate the autocorrelation of Compugen returns to help us make a trade decision. For example, suppose you find that Compugen 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 |
Compugen 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 Compugen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compugen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compugen stock over time.
Current vs Lagged Prices |
| Timeline |
Compugen Lagged Returns
When evaluating Compugen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compugen stock have on its future price. Compugen 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, Compugen autocorrelation shows the relationship between Compugen stock current value and its past values and can show if there is a momentum factor associated with investing in Compugen.
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 Compugen Stock
When determining whether Compugen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Compugen's 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 Compugen Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Compugen Stock:Check out Compugen Correlation, Compugen Volatility and Compugen Alpha and Beta module to complement your research on Compugen. For information on how to trade Compugen Stock refer to our How to Trade Compugen Stock guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Compugen 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.