Cineplex Stock Market Value
| CGX Stock | CAD 10.91 0.17 1.58% |
| Symbol | Cineplex |
Cineplex Price To Book Ratio
Cineplex '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 Cineplex'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 Cineplex.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Cineplex on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Cineplex or generate 0.0% return on investment in Cineplex over 360 days. Cineplex is related to or competes with Air Canada, BlackBerry, Suncor Energy, Drone Delivery, and Lightspeed Commerce. Cineplex Inc., through its subsidiaries, operates as an entertainment and media company in Canada and internationally More
Cineplex 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 Cineplex'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 Cineplex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.0 |
Cineplex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cineplex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cineplex's standard deviation. In reality, there are many statistical measures that can use Cineplex historical prices to predict the future Cineplex's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1091 |
Cineplex Backtested Returns
As of now, Cineplex Stock is not too volatile. Cineplex secures Sharpe Ratio (or Efficiency) of 0.015, which signifies that the company had a 0.015% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cineplex, which you can use to evaluate the volatility of the firm. Please confirm Cineplex's Downside Deviation of 1.39, risk adjusted performance of 0.0247, and Mean Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0229%. Cineplex has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cineplex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cineplex is expected to be smaller as well. Cineplex right now shows a risk of 1.53%. Please confirm Cineplex sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Cineplex will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Cineplex has poor reverse predictability. Overlapping area represents the amount of predictability between Cineplex time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Cineplex price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Cineplex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Cineplex lagged returns against current returns
Autocorrelation, which is Cineplex 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 Cineplex's stock expected returns. We can calculate the autocorrelation of Cineplex returns to help us make a trade decision. For example, suppose you find that Cineplex 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 |
Cineplex 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 Cineplex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cineplex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cineplex stock over time.
Current vs Lagged Prices |
| Timeline |
Cineplex Lagged Returns
When evaluating Cineplex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cineplex stock have on its future price. Cineplex 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, Cineplex autocorrelation shows the relationship between Cineplex stock current value and its past values and can show if there is a momentum factor associated with investing in Cineplex.
Regressed Prices |
| Timeline |
Pair Trading with Cineplex
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 Cineplex 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 Cineplex will appreciate offsetting losses from the drop in the long position's value.Moving against Cineplex Stock
| 0.61 | GOOG | Alphabet CDR | PairCorr |
| 0.53 | XOM | EXXON MOBIL CDR | PairCorr |
| 0.41 | AMZN | Amazon CDR | PairCorr |
| 0.35 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Cineplex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cineplex 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 Cineplex - 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 Cineplex to buy it.
The correlation of Cineplex 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 Cineplex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cineplex 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 Cineplex 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 Cineplex Stock
Cineplex financial ratios help investors to determine whether Cineplex 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 Cineplex with respect to the benefits of owning Cineplex security.