CORONGLRES CDIS101 (Germany) Market Value
| 0QE Stock | EUR 0.48 0.12 20.00% |
| Symbol | CORONGLRES |
CORONGLRES CDIS101 '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 CORONGLRES CDIS101'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 CORONGLRES CDIS101.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in CORONGLRES CDIS101 on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding CORONGLRES CDIS101 or generate 0.0% return on investment in CORONGLRES CDIS101 over 90 days. CORONGLRES CDIS101 is related to or competes with SCOTT TECHNOLOGY, Vishay Intertechnology, Microchip Technology, Fast Retailing, and FLOW TRADERS. Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal More
CORONGLRES CDIS101 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 CORONGLRES CDIS101'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 CORONGLRES CDIS101 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 20.0 |
CORONGLRES CDIS101 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORONGLRES CDIS101's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORONGLRES CDIS101's standard deviation. In reality, there are many statistical measures that can use CORONGLRES CDIS101 historical prices to predict the future CORONGLRES CDIS101's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (1.20) |
CORONGLRES CDIS101 Backtested Returns
CORONGLRES CDIS101 secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. CORONGLRES CDIS101 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CORONGLRES CDIS101's risk adjusted performance of (0.14), and Mean Deviation of 1.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CORONGLRES CDIS101's returns are expected to increase less than the market. However, during the bear market, the loss of holding CORONGLRES CDIS101 is expected to be smaller as well. At this point, CORONGLRES CDIS101 has a negative expected return of -0.64%. Please make sure to confirm CORONGLRES CDIS101's jensen alpha, skewness, and the relationship between the information ratio and total risk alpha , to decide if CORONGLRES CDIS101 performance from the past will be repeated at future time.
Auto-correlation | 0.50 |
Modest predictability
CORONGLRES CDIS101 has modest predictability. Overlapping area represents the amount of predictability between CORONGLRES CDIS101 time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 CORONGLRES CDIS101 price movement. The serial correlation of 0.5 indicates that about 50.0% of current CORONGLRES CDIS101 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CORONGLRES CDIS101 lagged returns against current returns
Autocorrelation, which is CORONGLRES CDIS101 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 CORONGLRES CDIS101's stock expected returns. We can calculate the autocorrelation of CORONGLRES CDIS101 returns to help us make a trade decision. For example, suppose you find that CORONGLRES CDIS101 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 |
CORONGLRES CDIS101 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 CORONGLRES CDIS101 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORONGLRES CDIS101 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORONGLRES CDIS101 stock over time.
Current vs Lagged Prices |
| Timeline |
CORONGLRES CDIS101 Lagged Returns
When evaluating CORONGLRES CDIS101's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORONGLRES CDIS101 stock have on its future price. CORONGLRES CDIS101 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, CORONGLRES CDIS101 autocorrelation shows the relationship between CORONGLRES CDIS101 stock current value and its past values and can show if there is a momentum factor associated with investing in CORONGLRES CDIS101.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CORONGLRES Stock
CORONGLRES CDIS101 financial ratios help investors to determine whether CORONGLRES Stock 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 CORONGLRES with respect to the benefits of owning CORONGLRES CDIS101 security.