CECO Environmental (Germany) Market Value
| WCE Stock | EUR 28.38 2.26 7.38% |
| Symbol | CECO |
CECO Environmental '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 CECO Environmental'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 CECO Environmental.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in CECO Environmental on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding CECO Environmental Corp or generate 0.0% return on investment in CECO Environmental over 30 days. CECO Environmental is related to or competes with Universal Entertainment, RCS MediaGroup, ATRESMEDIA, Peijia Medical, MeVis Medical, ANTA SPORTS, and Live Nation. CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and othe... More
CECO Environmental 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 CECO Environmental'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 CECO Environmental Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.0707 | |||
| Maximum Drawdown | 17.91 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.78 |
CECO Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CECO Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CECO Environmental's standard deviation. In reality, there are many statistical measures that can use CECO Environmental historical prices to predict the future CECO Environmental's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.2508 | |||
| Total Risk Alpha | 0.1799 | |||
| Sortino Ratio | 0.0648 | |||
| Treynor Ratio | 0.5561 |
CECO Environmental Corp Backtested Returns
CECO Environmental appears to be not too volatile, given 3 months investment horizon. CECO Environmental Corp retains Efficiency (Sharpe Ratio) of 0.0991, which signifies that the company had a 0.0991 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CECO Environmental, which you can use to evaluate the volatility of the firm. Please makes use of CECO Environmental's market risk adjusted performance of 0.5661, and Coefficient Of Variation of 1258.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CECO Environmental holds a performance score of 7. The firm owns a Beta (Systematic Risk) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CECO Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding CECO Environmental is expected to be smaller as well. Please check CECO Environmental's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether CECO Environmental's current price history will revert.
Auto-correlation | -0.58 |
Good reverse predictability
CECO Environmental Corp has good reverse predictability. Overlapping area represents the amount of predictability between CECO Environmental time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 CECO Environmental Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current CECO Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
CECO Environmental Corp lagged returns against current returns
Autocorrelation, which is CECO Environmental 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 CECO Environmental's stock expected returns. We can calculate the autocorrelation of CECO Environmental returns to help us make a trade decision. For example, suppose you find that CECO Environmental 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 |
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CECO Environmental 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 CECO Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CECO Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CECO Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
CECO Environmental Lagged Returns
When evaluating CECO Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CECO Environmental stock have on its future price. CECO Environmental 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, CECO Environmental autocorrelation shows the relationship between CECO Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in CECO Environmental Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CECO Stock
When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:Check out CECO Environmental Correlation, CECO Environmental Volatility and CECO Environmental Alpha and Beta module to complement your research on CECO Environmental. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
CECO Environmental 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.