Cortus Energy (Sweden) Market Value
| CE Stock | SEK 0.17 0.01 5.56% |
| Symbol | Cortus |
Cortus Energy '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 Cortus Energy'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 Cortus Energy.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cortus Energy on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Cortus Energy AB or generate 0.0% return on investment in Cortus Energy over 180 days. Cortus Energy is related to or competes with SolTech Energy, Minesto AB, SaltX Technology, and Impact Coatings. Cortus Energy AB supplies renewable energy gas generated from the gasification of biomass in Sweden More
Cortus Energy 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 Cortus Energy'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 Cortus Energy AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 49.78 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 8.0 |
Cortus Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cortus Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cortus Energy's standard deviation. In reality, there are many statistical measures that can use Cortus Energy historical prices to predict the future Cortus Energy's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.16) | |||
| Total Risk Alpha | (2.27) | |||
| Treynor Ratio | 5.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cortus Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cortus Energy AB Backtested Returns
Cortus Energy AB secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Cortus Energy AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cortus Energy's Mean Deviation of 4.61, risk adjusted performance of (0.12), and Standard Deviation of 7.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cortus Energy are expected to decrease at a much lower rate. During the bear market, Cortus Energy is likely to outperform the market. At this point, Cortus Energy AB has a negative expected return of -1.22%. Please make sure to confirm Cortus Energy's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Cortus Energy AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Cortus Energy AB has good reverse predictability. Overlapping area represents the amount of predictability between Cortus Energy 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 Cortus Energy AB price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Cortus Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cortus Energy AB lagged returns against current returns
Autocorrelation, which is Cortus Energy 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 Cortus Energy's stock expected returns. We can calculate the autocorrelation of Cortus Energy returns to help us make a trade decision. For example, suppose you find that Cortus Energy 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 |
Cortus Energy 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 Cortus Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cortus Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cortus Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Cortus Energy Lagged Returns
When evaluating Cortus Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cortus Energy stock have on its future price. Cortus Energy 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, Cortus Energy autocorrelation shows the relationship between Cortus Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Cortus Energy AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cortus Stock Analysis
When running Cortus Energy's price analysis, check to measure Cortus Energy'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 Cortus Energy is operating at the current time. Most of Cortus Energy's value examination focuses on studying past and present price action to predict the probability of Cortus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cortus Energy's price. Additionally, you may evaluate how the addition of Cortus Energy to your portfolios can decrease your overall portfolio volatility.