Cemex Sab De Stock Market Value
| CX Stock | USD 8.08 0.10 1.22% |
| Symbol | Cemex |
Cemex SAB de Price To Book Ratio
Is Cemex SAB's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cemex SAB. If investors know Cemex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cemex SAB listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Earnings Share 0.12 | Revenue Per Share 11.99 | Quarterly Revenue Growth 0.09 | Return On Assets 0.0492 |
The market value of Cemex SAB de is measured differently than its book value, which is the value of Cemex that is recorded on the company's balance sheet. Investors also form their own opinion of Cemex SAB's value that differs from its market value or its book value, called intrinsic value, which is Cemex SAB's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cemex SAB's market value can be influenced by many factors that don't directly affect Cemex SAB's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cemex SAB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cemex SAB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cemex SAB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cemex SAB '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 Cemex SAB'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 Cemex SAB.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Cemex SAB on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Cemex SAB de or generate 0.0% return on investment in Cemex SAB over 720 days. Cemex SAB is related to or competes with Martin Marietta, Vulcan Materials, Summit Materials, and United States. CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concr... More
Cemex SAB 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 Cemex SAB'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 Cemex SAB de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0141 | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.65 |
Cemex SAB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemex SAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemex SAB's standard deviation. In reality, there are many statistical measures that can use Cemex SAB historical prices to predict the future Cemex SAB's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.0188 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | 0.0604 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cemex SAB'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.
Cemex SAB de Backtested Returns
We consider Cemex SAB not too volatile. Cemex SAB de secures Sharpe Ratio (or Efficiency) of 0.0838, which signifies that the company had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cemex SAB de, which you can use to evaluate the volatility of the firm. Please confirm Cemex SAB's Mean Deviation of 1.58, downside deviation of 2.66, and Risk Adjusted Performance of 0.0321 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Cemex SAB has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.26, 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, Cemex SAB will likely underperform. Cemex SAB de right now shows a risk of 2.1%. Please confirm Cemex SAB de downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Cemex SAB de will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
Cemex SAB de has good predictability. Overlapping area represents the amount of predictability between Cemex SAB time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Cemex SAB de price movement. The serial correlation of 0.66 indicates that around 66.0% of current Cemex SAB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Cemex SAB de lagged returns against current returns
Autocorrelation, which is Cemex SAB 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 Cemex SAB's stock expected returns. We can calculate the autocorrelation of Cemex SAB returns to help us make a trade decision. For example, suppose you find that Cemex SAB 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 |
Cemex SAB 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 Cemex SAB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemex SAB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemex SAB stock over time.
Current vs Lagged Prices |
| Timeline |
Cemex SAB Lagged Returns
When evaluating Cemex SAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemex SAB stock have on its future price. Cemex SAB 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, Cemex SAB autocorrelation shows the relationship between Cemex SAB stock current value and its past values and can show if there is a momentum factor associated with investing in Cemex SAB de.
Regressed Prices |
| Timeline |
Pair Trading with Cemex SAB
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 Cemex SAB 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 Cemex SAB will appreciate offsetting losses from the drop in the long position's value.Moving together with Cemex Stock
| 0.67 | BCC | Boise Cascad Llc Financial Report 2nd of May 2024 | PairCorr |
Moving against Cemex Stock
| 0.71 | RETO | ReTo Eco Solutions Report 6th of May 2024 | PairCorr |
| 0.67 | X | United States Steel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cemex SAB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cemex SAB 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 Cemex SAB - 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 Cemex SAB de to buy it.
The correlation of Cemex SAB 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 Cemex SAB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cemex SAB de 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 Cemex SAB 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 Cemex SAB Correlation, Cemex SAB Volatility and Cemex SAB Alpha and Beta module to complement your research on Cemex SAB. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cemex Stock analysis
When running Cemex SAB's price analysis, check to measure Cemex SAB'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 Cemex SAB is operating at the current time. Most of Cemex SAB's value examination focuses on studying past and present price action to predict the probability of Cemex SAB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cemex SAB's price. Additionally, you may evaluate how the addition of Cemex SAB to your portfolios can decrease your overall portfolio volatility.
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Cemex SAB 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.