Cardiogenics Holdings Stock Market Value
| CGNH Stock | USD 0.0001 0.00 0.00% |
| Symbol | CardioGenics |
CardioGenics Holdings '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 CardioGenics Holdings' pink sheet 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 CardioGenics Holdings.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in CardioGenics Holdings on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding CardioGenics Holdings or generate 0.0% return on investment in CardioGenics Holdings over 90 days. CardioGenics Holdings Inc. engages in the development and commercialization of diagnostic test products for the in vitro... More
CardioGenics Holdings 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 CardioGenics Holdings' pink sheet 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 CardioGenics Holdings upside and downside potential and time the market with a certain degree of confidence.
CardioGenics Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CardioGenics Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CardioGenics Holdings' standard deviation. In reality, there are many statistical measures that can use CardioGenics Holdings historical prices to predict the future CardioGenics Holdings' volatility.CardioGenics Holdings Backtested Returns
We have found three technical indicators for CardioGenics Holdings, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CardioGenics Holdings are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
CardioGenics Holdings has perfect predictability. Overlapping area represents the amount of predictability between CardioGenics Holdings time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th 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 CardioGenics Holdings price movement. The serial correlation of 1.0 indicates that 100.0% of current CardioGenics Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CardioGenics Holdings lagged returns against current returns
Autocorrelation, which is CardioGenics Holdings pink sheet'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 CardioGenics Holdings' pink sheet expected returns. We can calculate the autocorrelation of CardioGenics Holdings returns to help us make a trade decision. For example, suppose you find that CardioGenics Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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CardioGenics Holdings 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 CardioGenics Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CardioGenics Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CardioGenics Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CardioGenics Holdings Lagged Returns
When evaluating CardioGenics Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CardioGenics Holdings pink sheet have on its future price. CardioGenics Holdings 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, CardioGenics Holdings autocorrelation shows the relationship between CardioGenics Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CardioGenics Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in CardioGenics Pink Sheet
CardioGenics Holdings financial ratios help investors to determine whether CardioGenics Pink Sheet 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 CardioGenics with respect to the benefits of owning CardioGenics Holdings security.