Coloplast (Germany) Market Value
| CBHD Stock | 105.90 2.45 2.26% |
| Symbol | Coloplast |
Coloplast '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 Coloplast'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 Coloplast.
| 01/31/2023 |
| 01/20/2025 |
If you would invest 0.00 in Coloplast on January 31, 2023 and sell it all today you would earn a total of 0.00 from holding Coloplast AS or generate 0.0% return on investment in Coloplast over 720 days. Coloplast is related to or competes with Broadcom, Harmony Gold, Broadridge Financial, Calibre Mining, QUEEN S, and NAGOYA RAILROAD. More
Coloplast 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 Coloplast'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 Coloplast AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.2 | |||
| Information Ratio | 0.0402 | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (9.92) | |||
| Potential Upside | 10.83 |
Coloplast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coloplast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coloplast's standard deviation. In reality, there are many statistical measures that can use Coloplast historical prices to predict the future Coloplast's volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.1956 | |||
| Total Risk Alpha | 0.1032 | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | 0.167 |
Coloplast AS Backtested Returns
At this point, Coloplast is very steady. Coloplast AS secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Coloplast AS, which you can use to evaluate the volatility of the firm. Please confirm Coloplast's Downside Deviation of 5.2, risk adjusted performance of 0.0468, and Mean Deviation of 2.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.0039%. The firm shows a Beta (market volatility) of 1.33, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Coloplast will likely underperform. Coloplast AS right now shows a risk of 4.5%. Please confirm Coloplast AS jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Coloplast AS will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Coloplast AS has poor reverse predictability. Overlapping area represents the amount of predictability between Coloplast time series from 31st of January 2023 to 26th of January 2024 and 26th of January 2024 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Coloplast AS price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Coloplast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 36.91 |
Coloplast AS lagged returns against current returns
Autocorrelation, which is Coloplast 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 Coloplast's stock expected returns. We can calculate the autocorrelation of Coloplast returns to help us make a trade decision. For example, suppose you find that Coloplast 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 |
Coloplast 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 Coloplast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coloplast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coloplast stock over time.
Current vs Lagged Prices |
| Timeline |
Coloplast Lagged Returns
When evaluating Coloplast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coloplast stock have on its future price. Coloplast 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, Coloplast autocorrelation shows the relationship between Coloplast stock current value and its past values and can show if there is a momentum factor associated with investing in Coloplast AS.
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.Other Information on Investing in Coloplast Stock
Coloplast financial ratios help investors to determine whether Coloplast 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 Coloplast with respect to the benefits of owning Coloplast security.