Cirtek Holdings (Philippines) Market Value
| TCB2D Stock | 43.55 0.05 0.11% |
| Symbol | Cirtek |
Cirtek Holdings '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 Cirtek Holdings' 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 Cirtek Holdings.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Cirtek Holdings on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cirtek Holdings Philippines or generate 0.0% return on investment in Cirtek Holdings over 180 days. Cirtek Holdings is related to or competes with Converge Information, East West, Alliance Select, Bank of the, Atlas Consolidated, and Pacificonline Systems. More
Cirtek Holdings 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 Cirtek Holdings' 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 Cirtek Holdings Philippines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 13.19 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 2.0 |
Cirtek Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cirtek Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cirtek Holdings' standard deviation. In reality, there are many statistical measures that can use Cirtek Holdings historical prices to predict the future Cirtek Holdings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cirtek Holdings' 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.
Cirtek Holdings Phil Backtested Returns
Cirtek Holdings Phil secures Sharpe Ratio (or Efficiency) of -0.0766, which signifies that the company had a -0.0766% return per unit of risk over the last 3 months. Cirtek Holdings Philippines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cirtek Holdings' Standard Deviation of 2.02, risk adjusted performance of (0.06), and Mean Deviation of 1.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cirtek Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cirtek Holdings is expected to be smaller as well. At this point, Cirtek Holdings Phil has a negative expected return of -0.16%. Please make sure to confirm Cirtek Holdings' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Cirtek Holdings Phil performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Cirtek Holdings Philippines has modest reverse predictability. Overlapping area represents the amount of predictability between Cirtek Holdings time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Cirtek Holdings Phil price movement. The serial correlation of -0.48 indicates that about 48.0% of current Cirtek Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Cirtek Holdings Phil lagged returns against current returns
Autocorrelation, which is Cirtek Holdings 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 Cirtek Holdings' stock expected returns. We can calculate the autocorrelation of Cirtek Holdings returns to help us make a trade decision. For example, suppose you find that Cirtek Holdings 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 |
Cirtek Holdings 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 Cirtek Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cirtek Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cirtek Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Cirtek Holdings Lagged Returns
When evaluating Cirtek Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cirtek Holdings stock have on its future price. Cirtek Holdings 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, Cirtek Holdings autocorrelation shows the relationship between Cirtek Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Cirtek Holdings Philippines.
Regressed Prices |
| Timeline |
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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.Additional Tools for Cirtek Stock Analysis
When running Cirtek Holdings' price analysis, check to measure Cirtek Holdings' 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 Cirtek Holdings is operating at the current time. Most of Cirtek Holdings' value examination focuses on studying past and present price action to predict the probability of Cirtek Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cirtek Holdings' price. Additionally, you may evaluate how the addition of Cirtek Holdings to your portfolios can decrease your overall portfolio volatility.