Cobas Global (Germany) Market Value
| 0P0001BICH | 121.66 0.00 0.00% |
| Symbol | Cobas |
Cobas Global '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 Cobas Global's fund 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 Cobas Global.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Cobas Global on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Cobas Global PP or generate 0.0% return on investment in Cobas Global over 30 days.
Cobas Global 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 Cobas Global's fund 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 Cobas Global PP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8136 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.23 |
Cobas Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cobas Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cobas Global's standard deviation. In reality, there are many statistical measures that can use Cobas Global historical prices to predict the future Cobas Global's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.0364 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.4867 |
Cobas Global PP Backtested Returns
At this point, Cobas Global is very steady. Cobas Global PP secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-five technical indicators for Cobas Global PP, which you can use to evaluate the volatility of the entity. Please confirm Cobas Global's mean deviation of 0.5857, and Risk Adjusted Performance of 0.0559 to double-check if the risk estimate we provide is consistent with the expected return of 0.0931%. The fund shows a Beta (market volatility) of 0.0977, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cobas Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cobas Global is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Cobas Global PP has poor predictability. Overlapping area represents the amount of predictability between Cobas Global time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Cobas Global PP price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Cobas Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Cobas Global PP lagged returns against current returns
Autocorrelation, which is Cobas Global fund'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 Cobas Global's fund expected returns. We can calculate the autocorrelation of Cobas Global returns to help us make a trade decision. For example, suppose you find that Cobas Global has exhibited high autocorrelation historically, and you observe that the fund 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 |
Cobas Global 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 Cobas Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cobas Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cobas Global fund over time.
Current vs Lagged Prices |
| Timeline |
Cobas Global Lagged Returns
When evaluating Cobas Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cobas Global fund have on its future price. Cobas Global 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, Cobas Global autocorrelation shows the relationship between Cobas Global fund current value and its past values and can show if there is a momentum factor associated with investing in Cobas Global PP.
Regressed Prices |
| Timeline |
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