Cosmos Technology's market value is the price at which a share of Cosmos Technology trades on a public exchange. It measures the collective expectations of Cosmos Technology International investors about its performance. Cosmos Technology is selling for 0.37 as of the 22nd of November 2024. This is a 2.78 percent increase since the beginning of the trading day. The stock's lowest day price was 0.37. With this module, you can estimate the performance of a buy and hold strategy of Cosmos Technology International and determine expected loss or profit from investing in Cosmos Technology over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Cosmos
Cosmos Technology '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 Cosmos Technology'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 Cosmos Technology.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in Cosmos Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cosmos Technology International or generate 0.0% return on investment in Cosmos Technology over 30 days.
Cosmos Technology 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 Cosmos Technology'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 Cosmos Technology International upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cosmos Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cosmos Technology's standard deviation. In reality, there are many statistical measures that can use Cosmos Technology historical prices to predict the future Cosmos Technology's volatility.
Cosmos Technology secures Sharpe Ratio (or Efficiency) of -0.0084, which signifies that the company had a -0.0084% return per unit of risk over the last 3 months. Cosmos Technology International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cosmos Technology's Mean Deviation of 1.41, risk adjusted performance of 0.0019, and Standard Deviation of 2.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cosmos Technology are expected to decrease at a much lower rate. During the bear market, Cosmos Technology is likely to outperform the market. At this point, Cosmos Technology has a negative expected return of -0.0184%. Please make sure to confirm Cosmos Technology's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Cosmos Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.44
Modest reverse predictability
Cosmos Technology International has modest reverse predictability. Overlapping area represents the amount of predictability between Cosmos Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Cosmos Technology price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Cosmos Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.44
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.0
Cosmos Technology lagged returns against current returns
Autocorrelation, which is Cosmos Technology 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 Cosmos Technology's stock expected returns. We can calculate the autocorrelation of Cosmos Technology returns to help us make a trade decision. For example, suppose you find that Cosmos Technology 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
Cosmos Technology 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 Cosmos Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cosmos Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cosmos Technology stock over time.
Current vs Lagged Prices
Timeline
Cosmos Technology Lagged Returns
When evaluating Cosmos Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cosmos Technology stock have on its future price. Cosmos Technology 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, Cosmos Technology autocorrelation shows the relationship between Cosmos Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cosmos Technology International.
Regressed Prices
Timeline
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