Comfortdelgro Ltd Stock Market Value
| CDGLY Stock | USD 19.85 4.25 17.63% |
| Symbol | Comfortdelgro |
Comfortdelgro '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 Comfortdelgro's pink sheet 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 Comfortdelgro.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Comfortdelgro on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Comfortdelgro Ltd or generate 0.0% return on investment in Comfortdelgro over 180 days. Comfortdelgro is related to or competes with Constellation Brands, Microchip Technology, SNDL, Diamond Estates, Vishay Intertechnology, Everspin Technologies, and Monster Beverage. ComfortDelGro Corporation Limited, an investment holding company, provides public transport services in Singapore More
Comfortdelgro 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 Comfortdelgro's pink sheet 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 Comfortdelgro Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.27 |
Comfortdelgro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comfortdelgro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comfortdelgro's standard deviation. In reality, there are many statistical measures that can use Comfortdelgro historical prices to predict the future Comfortdelgro's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.1479 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.16) |
Comfortdelgro Backtested Returns
At this stage we consider Comfortdelgro Pink Sheet to be not too volatile. Comfortdelgro secures Sharpe Ratio (or Efficiency) of 0.0429, which signifies that the company had a 0.0429% return per unit of risk over the last 3 months. We have found twenty technical indicators for Comfortdelgro Ltd, which you can use to evaluate the volatility of the firm. Please confirm Comfortdelgro's Risk Adjusted Performance of 0.0388, mean deviation of 0.536, and Standard Deviation of 2.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Comfortdelgro has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Comfortdelgro are expected to decrease at a much lower rate. During the bear market, Comfortdelgro is likely to outperform the market. Comfortdelgro right now shows a risk of 2.36%. Please confirm Comfortdelgro standard deviation, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Comfortdelgro will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
Comfortdelgro Ltd has modest predictability. Overlapping area represents the amount of predictability between Comfortdelgro time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Comfortdelgro price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Comfortdelgro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Comfortdelgro lagged returns against current returns
Autocorrelation, which is Comfortdelgro pink sheet'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 Comfortdelgro's pink sheet expected returns. We can calculate the autocorrelation of Comfortdelgro returns to help us make a trade decision. For example, suppose you find that Comfortdelgro has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Comfortdelgro 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 Comfortdelgro pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comfortdelgro pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comfortdelgro pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Comfortdelgro Lagged Returns
When evaluating Comfortdelgro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comfortdelgro pink sheet have on its future price. Comfortdelgro 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, Comfortdelgro autocorrelation shows the relationship between Comfortdelgro pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Comfortdelgro Ltd.
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 Comfortdelgro Pink Sheet Analysis
When running Comfortdelgro's price analysis, check to measure Comfortdelgro'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 Comfortdelgro is operating at the current time. Most of Comfortdelgro's value examination focuses on studying past and present price action to predict the probability of Comfortdelgro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comfortdelgro's price. Additionally, you may evaluate how the addition of Comfortdelgro to your portfolios can decrease your overall portfolio volatility.