The Connecticut Light Stock Market Value
| CNTHN Stock | USD 39.20 1.22 3.02% |
| Symbol | Connecticut |
Connecticut Light '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 Connecticut Light's pink sheet 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 Connecticut Light.
| 05/30/2024 |
| 06/29/2024 |
If you would invest 0.00 in Connecticut Light on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding The Connecticut Light or generate 0.0% return on investment in Connecticut Light over 30 days. Connecticut Light is related to or competes with Duke Energy, Southern, American Electric, Nextera Energy, and Consolidated Edison. The Connecticut Light and Power Company, a regulated electric utility, engages in the purchase, delivery, and sale of el... More
Connecticut Light 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 Connecticut Light's pink sheet 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 The Connecticut Light upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0014 | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.27 |
Connecticut Light Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Connecticut Light's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Connecticut Light's standard deviation. In reality, there are many statistical measures that can use Connecticut Light historical prices to predict the future Connecticut Light's volatility.| Risk Adjusted Performance | 5.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0065 | |||
| Treynor Ratio | 0.0418 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Connecticut Light'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.
Connecticut Light Backtested Returns
Connecticut Light secures Sharpe Ratio (or Efficiency) of -0.0765, which signifies that the company had a -0.0765% return per unit of standard deviation over the last 3 months. The Connecticut Light exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Connecticut Light's Coefficient Of Variation of (29,492), mean deviation of 0.3614, and Risk Adjusted Performance of 5.0E-4 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Connecticut Light are expected to decrease at a much lower rate. During the bear market, Connecticut Light is likely to outperform the market. At this point, Connecticut Light has a negative expected return of -0.0641%. Please make sure to confirm Connecticut Light's jensen alpha, as well as the relationship between the skewness and day typical price , to decide if Connecticut Light performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
The Connecticut Light has no correlation between past and present. Overlapping area represents the amount of predictability between Connecticut Light time series from 30th of May 2024 to 14th of June 2024 and 14th of June 2024 to 29th of June 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 Connecticut Light price movement. The serial correlation of 0.0 indicates that just 0.0% of current Connecticut Light price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Connecticut Light lagged returns against current returns
Autocorrelation, which is Connecticut Light pink sheet'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 Connecticut Light's pink sheet expected returns. We can calculate the autocorrelation of Connecticut Light returns to help us make a trade decision. For example, suppose you find that Connecticut Light has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Connecticut Light 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 Connecticut Light pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Connecticut Light pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Connecticut Light pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Connecticut Light Lagged Returns
When evaluating Connecticut Light's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Connecticut Light pink sheet have on its future price. Connecticut Light 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, Connecticut Light autocorrelation shows the relationship between Connecticut Light pink sheet current value and its past values and can show if there is a momentum factor associated with investing in The Connecticut Light.
Regressed Prices |
| Timeline |
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Connecticut Light financial ratios help investors to determine whether Connecticut Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Connecticut with respect to the benefits of owning Connecticut Light security.