Corteva (Germany) Market Value
| 2X0 Stock | 61.00 2.54 4.34% |
| Symbol | Corteva |
Corteva '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 Corteva'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 Corteva.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Corteva on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Corteva or generate 0.0% return on investment in Corteva over 300 days. Corteva is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. More
Corteva 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 Corteva'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 Corteva upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0911 | |||
| Maximum Drawdown | 8.13 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.79 |
Corteva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corteva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corteva's standard deviation. In reality, there are many statistical measures that can use Corteva historical prices to predict the future Corteva's volatility.| Risk Adjusted Performance | 0.1349 | |||
| Jensen Alpha | 0.2405 | |||
| Total Risk Alpha | 0.0135 | |||
| Sortino Ratio | 0.0998 | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Corteva's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Corteva Backtested Returns
Corteva appears to be very steady, given 3 months investment horizon. Corteva secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Corteva, which you can use to evaluate the volatility of the firm. Please makes use of Corteva's Mean Deviation of 1.18, risk adjusted performance of 0.1349, and Downside Deviation of 1.5 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Corteva holds a performance score of 14. 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, Corteva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corteva is expected to be smaller as well. Please check Corteva's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Corteva's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Corteva has very weak reverse predictability. Overlapping area represents the amount of predictability between Corteva time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Corteva price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Corteva price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 9.46 |
Corteva lagged returns against current returns
Autocorrelation, which is Corteva 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 Corteva's stock expected returns. We can calculate the autocorrelation of Corteva returns to help us make a trade decision. For example, suppose you find that Corteva 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 |
Corteva 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 Corteva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corteva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corteva stock over time.
Current vs Lagged Prices |
| Timeline |
Corteva Lagged Returns
When evaluating Corteva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corteva stock have on its future price. Corteva 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, Corteva autocorrelation shows the relationship between Corteva stock current value and its past values and can show if there is a momentum factor associated with investing in Corteva.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Corteva Stock Analysis
When running Corteva's price analysis, check to measure Corteva'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 Corteva is operating at the current time. Most of Corteva's value examination focuses on studying past and present price action to predict the probability of Corteva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corteva's price. Additionally, you may evaluate how the addition of Corteva to your portfolios can decrease your overall portfolio volatility.