Corby Spirit And Stock Market Value
| CSW-B Stock | CAD 12.20 0.03 0.25% |
| Symbol | Corby |
Corby Spirit Price To Book Ratio
Corby Spirit '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 Corby Spirit'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 Corby Spirit.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Corby Spirit on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Corby Spirit and or generate 0.0% return on investment in Corby Spirit over 30 days. Corby Spirit is related to or competes with Apple, NVIDIA CDR, Microsoft Corp, Amazon CDR, Alphabet, Meta Platforms, and Tesla. Corby Spirit and Wine Limited manufactures, markets, and distributes spirits and imported wines More
Corby Spirit 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 Corby Spirit'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 Corby Spirit and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7618 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.47 |
Corby Spirit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corby Spirit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corby Spirit's standard deviation. In reality, there are many statistical measures that can use Corby Spirit historical prices to predict the future Corby Spirit's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0) |
Corby Spirit Backtested Returns
Corby Spirit secures Sharpe Ratio (or Efficiency) of -0.0376, which signifies that the company had a -0.0376% return per unit of risk over the last 3 months. Corby Spirit and exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corby Spirit's Mean Deviation of 0.5717, risk adjusted performance of 0.0093, and Downside Deviation of 0.7618 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Corby Spirit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corby Spirit is expected to be smaller as well. At this point, Corby Spirit has a negative expected return of -0.0288%. Please make sure to confirm Corby Spirit's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Corby Spirit performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Corby Spirit and has poor reverse predictability. Overlapping area represents the amount of predictability between Corby Spirit time series from 14th of November 2024 to 29th of November 2024 and 29th of November 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 Corby Spirit price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Corby Spirit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Corby Spirit lagged returns against current returns
Autocorrelation, which is Corby Spirit 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 Corby Spirit's stock expected returns. We can calculate the autocorrelation of Corby Spirit returns to help us make a trade decision. For example, suppose you find that Corby Spirit 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 |
Corby Spirit 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 Corby Spirit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corby Spirit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corby Spirit stock over time.
Current vs Lagged Prices |
| Timeline |
Corby Spirit Lagged Returns
When evaluating Corby Spirit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corby Spirit stock have on its future price. Corby Spirit 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, Corby Spirit autocorrelation shows the relationship between Corby Spirit stock current value and its past values and can show if there is a momentum factor associated with investing in Corby Spirit and.
Regressed Prices |
| Timeline |
Pair Trading with Corby Spirit
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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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.Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to measure Corby Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.