Commercial International's market value is the price at which a share of Commercial International trades on a public exchange. It measures the collective expectations of Commercial International Bank Egypt investors about its performance. Commercial International is trading at 82.99 as of the 14th of December 2024. This is a 1.22% up since the beginning of the trading day. The stock's lowest day price was 81.9. With this module, you can estimate the performance of a buy and hold strategy of Commercial International Bank Egypt and determine expected loss or profit from investing in Commercial International over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Commercial
Commercial International '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 Commercial International'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 Commercial International.
0.00
06/17/2024
No Change 0.00
0.0
In 5 months and 30 days
12/14/2024
0.00
If you would invest 0.00 in Commercial International on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Commercial International Bank Egypt or generate 0.0% return on investment in Commercial International over 180 days.
Commercial International 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 Commercial International'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 Commercial International Bank Egypt upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commercial International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commercial International's standard deviation. In reality, there are many statistical measures that can use Commercial International historical prices to predict the future Commercial International's volatility.
Commercial International secures Sharpe Ratio (or Efficiency) of -0.0438, which signifies that the company had a -0.0438% return per unit of risk over the last 3 months. Commercial International Bank Egypt exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commercial International's Standard Deviation of 1.12, risk adjusted performance of (0.04), and Mean Deviation of 0.8477 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Commercial International are expected to decrease at a much lower rate. During the bear market, Commercial International is likely to outperform the market. At this point, Commercial International has a negative expected return of -0.0492%. Please make sure to confirm Commercial International's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Commercial International performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.65
Very good reverse predictability
Commercial International Bank Egypt has very good reverse predictability. Overlapping area represents the amount of predictability between Commercial International time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Commercial International price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Commercial International price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.65
Spearman Rank Test
-0.48
Residual Average
0.0
Price Variance
5.79
Commercial International lagged returns against current returns
Autocorrelation, which is Commercial International 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 Commercial International's stock expected returns. We can calculate the autocorrelation of Commercial International returns to help us make a trade decision. For example, suppose you find that Commercial International 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
Commercial International 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 Commercial International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commercial International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commercial International stock over time.
Current vs Lagged Prices
Timeline
Commercial International Lagged Returns
When evaluating Commercial International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commercial International stock have on its future price. Commercial International 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, Commercial International autocorrelation shows the relationship between Commercial International stock current value and its past values and can show if there is a momentum factor associated with investing in Commercial International Bank Egypt.
Regressed Prices
Timeline
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