Cohen Dev (Israel) Market Value
| CDEV Stock | ILS 14,260 10.00 0.07% |
| Symbol | Cohen |
Cohen Dev '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 Cohen Dev'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 Cohen Dev.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cohen Dev on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cohen Dev or generate 0.0% return on investment in Cohen Dev over 30 days. Cohen Dev is related to or competes with Atreyu Capital, IBI Inv, Delek Automotive, Scope Metals, and Rami Levi. Cohen Development Industrial Buildings Ltd., through its subsidiary, explores, develops, and produces oil and natural ga... More
Cohen Dev 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 Cohen Dev'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 Cohen Dev upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.1344 | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.22 |
Cohen Dev Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cohen Dev's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cohen Dev's standard deviation. In reality, there are many statistical measures that can use Cohen Dev historical prices to predict the future Cohen Dev's volatility.| Risk Adjusted Performance | 0.1641 | |||
| Jensen Alpha | 0.3689 | |||
| Total Risk Alpha | 0.0789 | |||
| Sortino Ratio | 0.1607 | |||
| Treynor Ratio | (11.20) |
Cohen Dev Backtested Returns
Cohen Dev appears to be very steady, given 3 months investment horizon. Cohen Dev secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the company had a 0.35% return per unit of risk over the last 3 months. By analyzing Cohen Dev's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Cohen Dev's Risk Adjusted Performance of 0.1641, mean deviation of 1.43, and Downside Deviation of 1.52 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cohen Dev holds a performance score of 27. The firm shows a Beta (market volatility) of -0.0326, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cohen Dev are expected to decrease at a much lower rate. During the bear market, Cohen Dev is likely to outperform the market. Please check Cohen Dev's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Cohen Dev's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Cohen Dev has good predictability. Overlapping area represents the amount of predictability between Cohen Dev time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Cohen Dev price movement. The serial correlation of 0.72 indicates that around 72.0% of current Cohen Dev price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 670.3 K |
Cohen Dev lagged returns against current returns
Autocorrelation, which is Cohen Dev 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 Cohen Dev's stock expected returns. We can calculate the autocorrelation of Cohen Dev returns to help us make a trade decision. For example, suppose you find that Cohen Dev 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 |
Cohen Dev 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 Cohen Dev stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cohen Dev stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cohen Dev stock over time.
Current vs Lagged Prices |
| Timeline |
Cohen Dev Lagged Returns
When evaluating Cohen Dev's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cohen Dev stock have on its future price. Cohen Dev 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, Cohen Dev autocorrelation shows the relationship between Cohen Dev stock current value and its past values and can show if there is a momentum factor associated with investing in Cohen Dev.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Cohen Stock
Cohen Dev financial ratios help investors to determine whether Cohen 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 Cohen with respect to the benefits of owning Cohen Dev security.