Cordoba Logistics (Pakistan) Market Value
| CLVL Stock | 14.38 0.62 4.13% |
| Symbol | Cordoba |
Cordoba Logistics '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 Cordoba Logistics' 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 Cordoba Logistics.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cordoba Logistics on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cordoba Logistics Ventures or generate 0.0% return on investment in Cordoba Logistics over 60 days.
Cordoba Logistics 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 Cordoba Logistics' 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 Cordoba Logistics Ventures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.0062 | |||
| Maximum Drawdown | 16.79 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 6.48 |
Cordoba Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cordoba Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cordoba Logistics' standard deviation. In reality, there are many statistical measures that can use Cordoba Logistics historical prices to predict the future Cordoba Logistics' volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.1839 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0064 | |||
| Treynor Ratio | (0.41) |
Cordoba Logistics Backtested Returns
At this point, Cordoba Logistics is somewhat reliable. Cordoba Logistics secures Sharpe Ratio (or Efficiency) of 0.0164, which signifies that the company had a 0.0164% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cordoba Logistics Ventures, which you can use to evaluate the volatility of the firm. Please confirm Cordoba Logistics' Mean Deviation of 2.53, downside deviation of 3.31, and Risk Adjusted Performance of 0.0419 to double-check if the risk estimate we provide is consistent with the expected return of 0.0522%. Cordoba Logistics has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cordoba Logistics are expected to decrease at a much lower rate. During the bear market, Cordoba Logistics is likely to outperform the market. Cordoba Logistics right now shows a risk of 3.19%. Please confirm Cordoba Logistics sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Cordoba Logistics will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Cordoba Logistics Ventures has poor reverse predictability. Overlapping area represents the amount of predictability between Cordoba Logistics time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Cordoba Logistics price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Cordoba Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Cordoba Logistics lagged returns against current returns
Autocorrelation, which is Cordoba Logistics 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 Cordoba Logistics' stock expected returns. We can calculate the autocorrelation of Cordoba Logistics returns to help us make a trade decision. For example, suppose you find that Cordoba Logistics 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 |
Cordoba Logistics 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 Cordoba Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cordoba Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cordoba Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Cordoba Logistics Lagged Returns
When evaluating Cordoba Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cordoba Logistics stock have on its future price. Cordoba Logistics 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, Cordoba Logistics autocorrelation shows the relationship between Cordoba Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Cordoba Logistics Ventures.
Regressed Prices |
| Timeline |
Pair Trading with Cordoba Logistics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cordoba Logistics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cordoba Logistics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cordoba Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cordoba Logistics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cordoba Logistics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cordoba Logistics Ventures to buy it.
The correlation of Cordoba Logistics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cordoba Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cordoba Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cordoba Logistics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.