Coor Service (UK) Market Value
| 0R8Q Stock | 33.10 0.08 0.24% |
| Symbol | Coor |
Coor Service '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 Coor Service'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 Coor Service.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Coor Service on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Coor Service Management or generate 0.0% return on investment in Coor Service over 30 days. Coor Service is related to or competes with Flow Traders, Verizon Communications, Aeorema Communications, Darden Restaurants, Blackstone Loan, Universal Display, and EVS Broadcast. Coor Service is entity of United Kingdom More
Coor Service 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 Coor Service'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 Coor Service Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.95 |
Coor Service Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coor Service's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coor Service's standard deviation. In reality, there are many statistical measures that can use Coor Service historical prices to predict the future Coor Service's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.66) |
Coor Service Management Backtested Returns
Coor Service Management secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Coor Service Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coor Service's Standard Deviation of 2.22, mean deviation of 1.26, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coor Service's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coor Service is expected to be smaller as well. At this point, Coor Service Management has a negative expected return of -0.34%. Please make sure to confirm Coor Service's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Coor Service Management performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Coor Service Management has good predictability. Overlapping area represents the amount of predictability between Coor Service 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 Coor Service Management price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Coor Service price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Coor Service Management lagged returns against current returns
Autocorrelation, which is Coor Service 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 Coor Service's stock expected returns. We can calculate the autocorrelation of Coor Service returns to help us make a trade decision. For example, suppose you find that Coor Service 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 |
Coor Service 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 Coor Service stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coor Service stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coor Service stock over time.
Current vs Lagged Prices |
| Timeline |
Coor Service Lagged Returns
When evaluating Coor Service's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coor Service stock have on its future price. Coor Service 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, Coor Service autocorrelation shows the relationship between Coor Service stock current value and its past values and can show if there is a momentum factor associated with investing in Coor Service Management.
Regressed Prices |
| Timeline |
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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.Additional Tools for Coor Stock Analysis
When running Coor Service's price analysis, check to measure Coor Service'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 Coor Service is operating at the current time. Most of Coor Service's value examination focuses on studying past and present price action to predict the probability of Coor Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coor Service's price. Additionally, you may evaluate how the addition of Coor Service to your portfolios can decrease your overall portfolio volatility.