Coronado Global Resources Stock Market Value
| CODQL Stock | USD 0.60 0.00 0.00% |
| Symbol | Coronado |
Coronado Global '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 Coronado Global'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 Coronado Global.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Coronado Global on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Coronado Global Resources or generate 0.0% return on investment in Coronado Global over 360 days. Coronado Global is related to or competes with Corsa Coal, Alpha Metallurgical, Arch Resources, Astera Labs,, Zoom Video, Berkshire Hathaway, and Marvell Technology. Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal More
Coronado Global 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 Coronado Global'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 Coronado Global Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 34.46 |
Coronado Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronado Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronado Global's standard deviation. In reality, there are many statistical measures that can use Coronado Global historical prices to predict the future Coronado Global's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | (0.50) |
Coronado Global Resources Backtested Returns
Coronado Global Resources secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Coronado Global Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coronado Global's Mean Deviation of 0.9953, standard deviation of 4.11, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Coronado Global returns are very sensitive to returns on the market. As the market goes up or down, Coronado Global is expected to follow. At this point, Coronado Global Resources has a negative expected return of -0.52%. Please make sure to confirm Coronado Global's information ratio and rate of daily change , to decide if Coronado Global Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Coronado Global Resources has good predictability. Overlapping area represents the amount of predictability between Coronado Global time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Coronado Global Resources price movement. The serial correlation of 0.75 indicates that around 75.0% of current Coronado Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Coronado Global Resources lagged returns against current returns
Autocorrelation, which is Coronado Global 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 Coronado Global's pink sheet expected returns. We can calculate the autocorrelation of Coronado Global returns to help us make a trade decision. For example, suppose you find that Coronado Global 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 |
Coronado Global 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 Coronado Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronado Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronado Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Coronado Global Lagged Returns
When evaluating Coronado Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronado Global pink sheet have on its future price. Coronado Global 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, Coronado Global autocorrelation shows the relationship between Coronado Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Coronado Global Resources.
Regressed Prices |
| Timeline |
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Coronado Global financial ratios help investors to determine whether Coronado Pink Sheet 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 Coronado with respect to the benefits of owning Coronado Global security.