CGN MINING (Germany) Market Value
| VBO Stock | 0.20 0.02 9.09% |
| Symbol | CGN |
CGN MINING '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 CGN MINING'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 CGN MINING.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in CGN MINING on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding CGN MINING or generate 0.0% return on investment in CGN MINING over 60 days.
CGN MINING 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 CGN MINING'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 CGN MINING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.44 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.26 |
CGN MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGN MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGN MINING's standard deviation. In reality, there are many statistical measures that can use CGN MINING historical prices to predict the future CGN MINING's volatility.| Risk Adjusted Performance | 0.009 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.003 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CGN MINING'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.
CGN MINING Backtested Returns
Currently, CGN MINING is out of control. CGN MINING secures Sharpe Ratio (or Efficiency) of 0.0011, which signifies that the company had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CGN MINING, which you can use to evaluate the volatility of the firm. Please confirm CGN MINING's mean deviation of 2.63, and Risk Adjusted Performance of 0.009 to double-check if the risk estimate we provide is consistent with the expected return of 0.0047%. The firm shows a Beta (market volatility) of -1.79, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CGN MINING are expected to decrease by larger amounts. On the other hand, during market turmoil, CGN MINING is expected to outperform it. CGN MINING now shows a risk of 4.15%. Please confirm CGN MINING maximum drawdown and the relationship between the semi variance and price action indicator , to decide if CGN MINING will be following its price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
CGN MINING has very good reverse predictability. Overlapping area represents the amount of predictability between CGN MINING time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 CGN MINING price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current CGN MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGN MINING lagged returns against current returns
Autocorrelation, which is CGN MINING 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 CGN MINING's stock expected returns. We can calculate the autocorrelation of CGN MINING returns to help us make a trade decision. For example, suppose you find that CGN MINING 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 |
CGN MINING 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 CGN MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGN MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGN MINING stock over time.
Current vs Lagged Prices |
| Timeline |
CGN MINING Lagged Returns
When evaluating CGN MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGN MINING stock have on its future price. CGN MINING 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, CGN MINING autocorrelation shows the relationship between CGN MINING stock current value and its past values and can show if there is a momentum factor associated with investing in CGN MINING.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CGN Stock Analysis
When running CGN MINING's price analysis, check to measure CGN MINING'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 CGN MINING is operating at the current time. Most of CGN MINING's value examination focuses on studying past and present price action to predict the probability of CGN MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGN MINING's price. Additionally, you may evaluate how the addition of CGN MINING to your portfolios can decrease your overall portfolio volatility.