Coles (Australia) Market Value
| COL Stock | 18.59 0.06 0.32% |
| Symbol | Coles |
Coles '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 Coles' 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 Coles.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Coles on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Coles Group or generate 0.0% return on investment in Coles over 30 days. Coles is related to or competes with Flagship Investments, Regal Investment, Carawine Resources, Garda Diversified, IDP Education, Bisalloy Steel, and Charter Hall. Coles is entity of Australia. It is traded as Stock on AU exchange. More
Coles 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 Coles' 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 Coles Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.8 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.52 |
Coles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coles' standard deviation. In reality, there are many statistical measures that can use Coles historical prices to predict the future Coles' volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (2.65) |
Coles Group Backtested Returns
Coles Group secures Sharpe Ratio (or Efficiency) of -0.0036, which signifies that the company had a -0.0036% return per unit of risk over the last 3 months. Coles Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coles' Downside Deviation of 1.13, mean deviation of 0.6856, and Risk Adjusted Performance of 0.0046 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0026, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Coles is expected to be smaller as well. At this point, Coles Group has a negative expected return of -0.0035%. Please make sure to confirm Coles' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Coles Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Coles Group has insignificant predictability. Overlapping area represents the amount of predictability between Coles time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Coles Group price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Coles price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Coles Group lagged returns against current returns
Autocorrelation, which is Coles 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 Coles' stock expected returns. We can calculate the autocorrelation of Coles returns to help us make a trade decision. For example, suppose you find that Coles 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 |
Coles 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 Coles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coles stock over time.
Current vs Lagged Prices |
| Timeline |
Coles Lagged Returns
When evaluating Coles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coles stock have on its future price. Coles 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, Coles autocorrelation shows the relationship between Coles stock current value and its past values and can show if there is a momentum factor associated with investing in Coles Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Coles Stock Analysis
When running Coles' price analysis, check to measure Coles' 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 Coles is operating at the current time. Most of Coles' value examination focuses on studying past and present price action to predict the probability of Coles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coles' price. Additionally, you may evaluate how the addition of Coles to your portfolios can decrease your overall portfolio volatility.