Cematrix Stock Market Value
| CTXXF Stock | USD 0.18 0.01 5.88% |
| Symbol | CEMATRIX |
CEMATRIX '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 CEMATRIX's otc 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 CEMATRIX.
| 10/03/2024 |
| 01/01/2025 |
If you would invest 0.00 in CEMATRIX on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding CEMATRIX or generate 0.0% return on investment in CEMATRIX over 90 days. CEMATRIX is related to or competes with Syrah Resources, SCOR PK, Morningstar Unconstrained, SPACE, Ampleforth, Ionet, and SEI Investments. CEMATRIX Corporation manufactures and supplies cellular concrete products for various applications in Canada and the Uni... More
CEMATRIX 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 CEMATRIX's otc 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 CEMATRIX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.67 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 26.32 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 5.88 |
CEMATRIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEMATRIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEMATRIX's standard deviation. In reality, there are many statistical measures that can use CEMATRIX historical prices to predict the future CEMATRIX's volatility.| Risk Adjusted Performance | 0.0145 | |||
| Jensen Alpha | 0.0271 | |||
| Total Risk Alpha | 0.0225 | |||
| Sortino Ratio | 0.0035 | |||
| Treynor Ratio | 0.0496 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CEMATRIX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CEMATRIX Backtested Returns
At this point, CEMATRIX is out of control. CEMATRIX secures Sharpe Ratio (or Efficiency) of 0.0072, which signifies that the company had a 0.0072% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CEMATRIX, which you can use to evaluate the volatility of the firm. Please confirm CEMATRIX's risk adjusted performance of 0.0145, and Mean Deviation of 2.95 to double-check if the risk estimate we provide is consistent with the expected return of 0.0357%. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CEMATRIX's returns are expected to increase less than the market. However, during the bear market, the loss of holding CEMATRIX is expected to be smaller as well. CEMATRIX at this time shows a risk of 4.99%. Please confirm CEMATRIX sortino ratio and the relationship between the downside variance and period momentum indicator , to decide if CEMATRIX will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
CEMATRIX has weak predictability. Overlapping area represents the amount of predictability between CEMATRIX time series from 3rd of October 2024 to 17th of November 2024 and 17th of November 2024 to 1st of January 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 CEMATRIX price movement. The serial correlation of 0.21 indicates that over 21.0% of current CEMATRIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CEMATRIX lagged returns against current returns
Autocorrelation, which is CEMATRIX otc 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 CEMATRIX's otc stock expected returns. We can calculate the autocorrelation of CEMATRIX returns to help us make a trade decision. For example, suppose you find that CEMATRIX has exhibited high autocorrelation historically, and you observe that the otc 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 |
CEMATRIX 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 CEMATRIX otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEMATRIX otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEMATRIX otc stock over time.
Current vs Lagged Prices |
| Timeline |
CEMATRIX Lagged Returns
When evaluating CEMATRIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEMATRIX otc stock have on its future price. CEMATRIX 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, CEMATRIX autocorrelation shows the relationship between CEMATRIX otc stock current value and its past values and can show if there is a momentum factor associated with investing in CEMATRIX.
Regressed Prices |
| Timeline |
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Other Information on Investing in CEMATRIX OTC Stock
CEMATRIX financial ratios help investors to determine whether CEMATRIX OTC 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 CEMATRIX with respect to the benefits of owning CEMATRIX security.