Coloplast A Stock Market Value
| CLPBY Stock | USD 12.51 0.15 1.21% |
| 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 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 Coloplast.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Coloplast on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Coloplast A or generate 0.0% return on investment in Coloplast over 720 days. Coloplast is related to or competes with Straumann Holding, Hoya Corp, EssilorLuxottica, Essilor International, Sysmex Corp, Precision Optics,, and Top Glove. Coloplast AS engages in the development and sale of intimate healthcare products and services in Denmark, the United Sta... 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 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 Coloplast A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.64 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 1.96 |
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 | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.48) |
Coloplast A Backtested Returns
Coloplast A secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Coloplast A exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coloplast's Standard Deviation of 1.41, mean deviation of 1.16, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coloplast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coloplast is expected to be smaller as well. At this point, Coloplast A has a negative expected return of -0.15%. Please make sure to confirm Coloplast's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Coloplast A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Coloplast A has insignificant reverse predictability. Overlapping area represents the amount of predictability between Coloplast time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Coloplast A price movement. The serial correlation of -0.2 indicates that over 20.0% of current Coloplast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Coloplast A lagged returns against current returns
Autocorrelation, which is Coloplast 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 Coloplast's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coloplast pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coloplast pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Coloplast A.
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.Additional Tools for Coloplast Pink Sheet Analysis
When running Coloplast's price analysis, check to measure Coloplast'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 Coloplast is operating at the current time. Most of Coloplast's value examination focuses on studying past and present price action to predict the probability of Coloplast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coloplast's price. Additionally, you may evaluate how the addition of Coloplast to your portfolios can decrease your overall portfolio volatility.