CORNERSTONE INSURANCE (Nigeria) Market Value
| CORNERST | 2.56 0.19 6.91% |
| Symbol | CORNERSTONE |
CORNERSTONE INSURANCE '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 CORNERSTONE INSURANCE'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 CORNERSTONE INSURANCE.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in CORNERSTONE INSURANCE on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding CORNERSTONE INSURANCE PLC or generate 0.0% return on investment in CORNERSTONE INSURANCE over 90 days.
CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE'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 CORNERSTONE INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 7.6 |
CORNERSTONE INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORNERSTONE INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORNERSTONE INSURANCE's standard deviation. In reality, there are many statistical measures that can use CORNERSTONE INSURANCE historical prices to predict the future CORNERSTONE INSURANCE's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0871 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CORNERSTONE INSURANCE'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.
CORNERSTONE INSURANCE PLC Backtested Returns
Currently, CORNERSTONE INSURANCE PLC is very risky. CORNERSTONE INSURANCE PLC secures Sharpe Ratio (or Efficiency) of 0.0386, which signifies that the company had a 0.0386% return per unit of risk over the last 3 months. We have found thirty technical indicators for CORNERSTONE INSURANCE PLC, which you can use to evaluate the volatility of the firm. Please confirm CORNERSTONE INSURANCE's mean deviation of 2.63, and Risk Adjusted Performance of 0.026 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. CORNERSTONE INSURANCE has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0521, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CORNERSTONE INSURANCE are expected to decrease at a much lower rate. During the bear market, CORNERSTONE INSURANCE is likely to outperform the market. CORNERSTONE INSURANCE PLC currently shows a risk of 3.48%. Please confirm CORNERSTONE INSURANCE PLC treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if CORNERSTONE INSURANCE PLC will be following its price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
CORNERSTONE INSURANCE PLC has virtually no predictability. Overlapping area represents the amount of predictability between CORNERSTONE INSURANCE time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 CORNERSTONE INSURANCE PLC price movement. The serial correlation of 0.08 indicates that barely 8.0% of current CORNERSTONE INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CORNERSTONE INSURANCE PLC lagged returns against current returns
Autocorrelation, which is CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE's stock expected returns. We can calculate the autocorrelation of CORNERSTONE INSURANCE returns to help us make a trade decision. For example, suppose you find that CORNERSTONE INSURANCE 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 |
CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORNERSTONE INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORNERSTONE INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
CORNERSTONE INSURANCE Lagged Returns
When evaluating CORNERSTONE INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORNERSTONE INSURANCE stock have on its future price. CORNERSTONE INSURANCE 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, CORNERSTONE INSURANCE autocorrelation shows the relationship between CORNERSTONE INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in CORNERSTONE INSURANCE PLC.
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 CORNERSTONE Stock Analysis
When running CORNERSTONE INSURANCE's price analysis, check to measure CORNERSTONE INSURANCE'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 CORNERSTONE INSURANCE is operating at the current time. Most of CORNERSTONE INSURANCE's value examination focuses on studying past and present price action to predict the probability of CORNERSTONE INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CORNERSTONE INSURANCE's price. Additionally, you may evaluate how the addition of CORNERSTONE INSURANCE to your portfolios can decrease your overall portfolio volatility.