Cambridge Technology (India) Market Value
| CTE Stock | 85.82 0.96 1.11% |
| Symbol | Cambridge |
Cambridge Technology '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 Cambridge Technology'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 Cambridge Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cambridge Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cambridge Technology Enterprises or generate 0.0% return on investment in Cambridge Technology over 30 days. Cambridge Technology is related to or competes with Tata Consultancy, Reliance Industries, SIS, and State Bank. Cambridge Technology is entity of India. It is traded as Stock on NSE exchange. More
Cambridge Technology 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 Cambridge Technology'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 Cambridge Technology Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 2.08 |
Cambridge Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambridge Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambridge Technology's standard deviation. In reality, there are many statistical measures that can use Cambridge Technology historical prices to predict the future Cambridge Technology's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.42) |
Cambridge Technology Backtested Returns
Cambridge Technology secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Cambridge Technology Enterprises exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cambridge Technology's Standard Deviation of 2.04, mean deviation of 1.71, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambridge Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambridge Technology is expected to be smaller as well. At this point, Cambridge Technology has a negative expected return of -0.34%. Please make sure to confirm Cambridge Technology's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Cambridge Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Cambridge Technology Enterprises has modest reverse predictability. Overlapping area represents the amount of predictability between Cambridge Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Cambridge Technology price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Cambridge Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.4 |
Cambridge Technology lagged returns against current returns
Autocorrelation, which is Cambridge Technology 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 Cambridge Technology's stock expected returns. We can calculate the autocorrelation of Cambridge Technology returns to help us make a trade decision. For example, suppose you find that Cambridge Technology 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 |
Cambridge Technology 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 Cambridge Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambridge Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambridge Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Cambridge Technology Lagged Returns
When evaluating Cambridge Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambridge Technology stock have on its future price. Cambridge Technology 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, Cambridge Technology autocorrelation shows the relationship between Cambridge Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cambridge Technology Enterprises.
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.Other Information on Investing in Cambridge Stock
Cambridge Technology financial ratios help investors to determine whether Cambridge 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 Cambridge with respect to the benefits of owning Cambridge Technology security.