Cybin Inc Stock Market Value
| CYBN Stock | 13.94 0.26 1.83% |
| Symbol | Cybin |
Cybin '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 Cybin'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 Cybin.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Cybin on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Cybin Inc or generate 0.0% return on investment in Cybin over 390 days. Cybin is related to or competes with JPMorgan Chase, Bank of America, Toronto Dominion, Royal Bank, Royal Bank, Royal Bank, and Royal Bank. Cybin is entity of Canada. It is traded as Stock on NEO exchange. More
Cybin 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 Cybin'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 Cybin Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | 0.1082 | |||
| Maximum Drawdown | 26.01 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 9.64 |
Cybin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cybin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cybin's standard deviation. In reality, there are many statistical measures that can use Cybin historical prices to predict the future Cybin's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.4206 | |||
| Total Risk Alpha | 0.0092 | |||
| Sortino Ratio | 0.1222 | |||
| Treynor Ratio | 0.2658 |
Cybin Inc Backtested Returns
Cybin appears to be somewhat reliable, given 3 months investment horizon. Cybin Inc secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Cybin's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Cybin's mean deviation of 3.79, and Risk Adjusted Performance of 0.1014 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cybin holds a performance score of 8. The firm shows a Beta (market volatility) of 2.39, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cybin will likely underperform. Please check Cybin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cybin's price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Cybin Inc has weak predictability. Overlapping area represents the amount of predictability between Cybin time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 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 Cybin Inc price movement. The serial correlation of 0.21 indicates that over 21.0% of current Cybin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
Cybin Inc lagged returns against current returns
Autocorrelation, which is Cybin 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 Cybin's stock expected returns. We can calculate the autocorrelation of Cybin returns to help us make a trade decision. For example, suppose you find that Cybin 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 |
Cybin 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 Cybin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cybin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cybin stock over time.
Current vs Lagged Prices |
| Timeline |
Cybin Lagged Returns
When evaluating Cybin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cybin stock have on its future price. Cybin 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, Cybin autocorrelation shows the relationship between Cybin stock current value and its past values and can show if there is a momentum factor associated with investing in Cybin Inc.
Regressed Prices |
| Timeline |
Pair Trading with Cybin
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 Cybin 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 Cybin will appreciate offsetting losses from the drop in the long position's value.Moving together with Cybin Stock
| 0.68 | RY-PS | Royal Bank | PairCorr |
| 0.68 | RY | Royal Bank | PairCorr |
| 0.76 | RY-PM | Royal Bank | PairCorr |
| 0.69 | TD-PFI | Toronto Dominion Bank | PairCorr |
Moving against Cybin Stock
The ability to find closely correlated positions to Cybin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cybin 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 Cybin - 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 Cybin Inc to buy it.
The correlation of Cybin 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 Cybin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cybin Inc 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 Cybin 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.Check out Cybin Correlation, Cybin Volatility and Cybin Alpha and Beta module to complement your research on Cybin. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Cybin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.