COFACE SA (Germany) Market Value
| 65C Stock | EUR 13.74 0.32 2.38% |
| Symbol | COFACE |
COFACE SA '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 COFACE SA'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 COFACE SA.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in COFACE SA on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding COFACE SA or generate 0.0% return on investment in COFACE SA over 240 days. COFACE SA is related to or competes with Sterling Construction, SENECA FOODS, National Beverage, Dairy Farm, North American, Daito Trust, and HYDROFARM HLD. COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterp... More
COFACE SA 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 COFACE SA'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 COFACE SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.16 |
COFACE SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFACE SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COFACE SA's standard deviation. In reality, there are many statistical measures that can use COFACE SA historical prices to predict the future COFACE SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.8849 |
COFACE SA Backtested Returns
COFACE SA secures Sharpe Ratio (or Efficiency) of -0.067, which signifies that the company had a -0.067% return per unit of risk over the last 3 months. COFACE SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COFACE SA's Risk Adjusted Performance of (0.07), standard deviation of 1.4, and Mean Deviation of 1.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COFACE SA are expected to decrease at a much lower rate. During the bear market, COFACE SA is likely to outperform the market. At this point, COFACE SA has a negative expected return of -0.0933%. Please make sure to confirm COFACE SA's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if COFACE SA performance from the past will be repeated in the future.
Auto-correlation | -0.47 |
Modest reverse predictability
COFACE SA has modest reverse predictability. Overlapping area represents the amount of predictability between COFACE SA time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 COFACE SA price movement. The serial correlation of -0.47 indicates that about 47.0% of current COFACE SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
COFACE SA lagged returns against current returns
Autocorrelation, which is COFACE SA 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 COFACE SA's stock expected returns. We can calculate the autocorrelation of COFACE SA returns to help us make a trade decision. For example, suppose you find that COFACE SA 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 |
COFACE SA 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 COFACE SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COFACE SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COFACE SA stock over time.
Current vs Lagged Prices |
| Timeline |
COFACE SA Lagged Returns
When evaluating COFACE SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COFACE SA stock have on its future price. COFACE SA 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, COFACE SA autocorrelation shows the relationship between COFACE SA stock current value and its past values and can show if there is a momentum factor associated with investing in COFACE SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in COFACE Stock
COFACE SA financial ratios help investors to determine whether COFACE 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 COFACE with respect to the benefits of owning COFACE SA security.