Cogelec SA (France) Price on July 9, 2024
If you're considering investing in Cogelec Stock, it is important to understand the factors that can impact its price. Cogelec SA appears to be not too volatile, given 3 months investment horizon. Cogelec SA secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of risk over the last 3 months. By analyzing Cogelec SA's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Cogelec SA's Mean Deviation of 1.62, downside deviation of 1.88, and Risk Adjusted Performance of 0.2323 to double-check if our risk estimates are consistent with your expectations.
Cogelec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cogelec |
Sharpe Ratio = 0.2946
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Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 23 77% of assets perform better |
Based on monthly moving average Cogelec SA is performing at about 23% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cogelec SA by adding it to a well-diversified portfolio.
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.
Price Boundaries
Cogelec SA Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Cogelec SA cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cogelec SA November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Cogelec SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cogelec SA shares will generate the highest return on investment. By undertsting and applying Cogelec SA stock market strength indicators, traders can identify Cogelec SA entry and exit signals to maximize returns
Cogelec SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cogelec SA's price direction in advance. Along with the technical and fundamental analysis of Cogelec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cogelec to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2323 | |||
| Jensen Alpha | 0.6007 | |||
| Total Risk Alpha | 0.2803 | |||
| Sortino Ratio | 0.2623 | |||
| Treynor Ratio | 5.7 |
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Additional Tools for Cogelec Stock Analysis
When running Cogelec SA's price analysis, check to measure Cogelec SA'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 Cogelec SA is operating at the current time. Most of Cogelec SA's value examination focuses on studying past and present price action to predict the probability of Cogelec SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogelec SA's price. Additionally, you may evaluate how the addition of Cogelec SA to your portfolios can decrease your overall portfolio volatility.