Cofidur SA (France) Market Value
| ALCOF Stock | EUR 338.00 4.00 1.20% |
| Symbol | Cofidur |
Cofidur 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 Cofidur 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 Cofidur SA.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Cofidur SA on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Cofidur SA or generate 0.0% return on investment in Cofidur SA over 720 days. Cofidur SA is related to or competes with Passat Socit, Groupe Guillin, Gevelot, and DLSI. Cofidur S.A. provides electronic manufacturing services in France More
Cofidur 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 Cofidur 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 Cofidur SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.37 |
Cofidur SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofidur SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofidur SA's standard deviation. In reality, there are many statistical measures that can use Cofidur SA historical prices to predict the future Cofidur SA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.88) |
Cofidur SA Backtested Returns
Cofidur SA secures Sharpe Ratio (or Efficiency) of -0.0676, which signifies that the company had a -0.0676% return per unit of standard deviation over the last 3 months. Cofidur SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cofidur SA's mean deviation of 0.9335, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cofidur SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofidur SA is expected to be smaller as well. At this point, Cofidur SA has a negative expected return of -0.0885%. Please make sure to confirm Cofidur SA's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Cofidur SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Cofidur SA has insignificant predictability. Overlapping area represents the amount of predictability between Cofidur SA time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Cofidur SA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Cofidur SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 474.72 |
Cofidur SA lagged returns against current returns
Autocorrelation, which is Cofidur 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 Cofidur SA's stock expected returns. We can calculate the autocorrelation of Cofidur SA returns to help us make a trade decision. For example, suppose you find that Cofidur 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 |
Cofidur 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 Cofidur SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofidur SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofidur SA stock over time.
Current vs Lagged Prices |
| Timeline |
Cofidur SA Lagged Returns
When evaluating Cofidur SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofidur SA stock have on its future price. Cofidur 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, Cofidur SA autocorrelation shows the relationship between Cofidur SA stock current value and its past values and can show if there is a momentum factor associated with investing in Cofidur SA.
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 Cofidur Stock Analysis
When running Cofidur SA's price analysis, check to measure Cofidur SA'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 Cofidur SA is operating at the current time. Most of Cofidur SA's value examination focuses on studying past and present price action to predict the probability of Cofidur SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cofidur SA's price. Additionally, you may evaluate how the addition of Cofidur SA to your portfolios can decrease your overall portfolio volatility.