Costco Wholesale (Mexico) Market Value
| COST Stock | MXN 19,499 715.99 3.81% |
| Symbol | Costco |
Costco Wholesale '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 Costco Wholesale'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 Costco Wholesale.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Costco Wholesale on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Costco Wholesale or generate 0.0% return on investment in Costco Wholesale over 360 days. Costco Wholesale is related to or competes with Grupo Sports, Burlington Stores, Capital One, Genworth Financial, Taiwan Semiconductor, Prudential Financial, and Deutsche Bank. Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the U... More
Costco Wholesale 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 Costco Wholesale'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 Costco Wholesale upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.1147 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 3.22 |
Costco Wholesale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Costco Wholesale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Costco Wholesale's standard deviation. In reality, there are many statistical measures that can use Costco Wholesale historical prices to predict the future Costco Wholesale's volatility.| Risk Adjusted Performance | 0.1476 | |||
| Jensen Alpha | 0.2503 | |||
| Total Risk Alpha | 0.0757 | |||
| Sortino Ratio | 0.1123 | |||
| Treynor Ratio | 1.17 |
Costco Wholesale Backtested Returns
Costco Wholesale appears to be very steady, given 3 months investment horizon. Costco Wholesale secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Costco Wholesale, which you can use to evaluate the volatility of the firm. Please makes use of Costco Wholesale's Mean Deviation of 1.1, risk adjusted performance of 0.1476, and Downside Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Costco Wholesale holds a performance score of 11. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Costco Wholesale's returns are expected to increase less than the market. However, during the bear market, the loss of holding Costco Wholesale is expected to be smaller as well. Please check Costco Wholesale's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Costco Wholesale's price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Costco Wholesale has good predictability. Overlapping area represents the amount of predictability between Costco Wholesale time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Costco Wholesale price movement. The serial correlation of 0.78 indicates that around 78.0% of current Costco Wholesale price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
Costco Wholesale lagged returns against current returns
Autocorrelation, which is Costco Wholesale 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 Costco Wholesale's stock expected returns. We can calculate the autocorrelation of Costco Wholesale returns to help us make a trade decision. For example, suppose you find that Costco Wholesale 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 |
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Costco Wholesale 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 Costco Wholesale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Costco Wholesale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Costco Wholesale stock over time.
Current vs Lagged Prices |
| Timeline |
Costco Wholesale Lagged Returns
When evaluating Costco Wholesale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Costco Wholesale stock have on its future price. Costco Wholesale 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, Costco Wholesale autocorrelation shows the relationship between Costco Wholesale stock current value and its past values and can show if there is a momentum factor associated with investing in Costco Wholesale.
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 Costco Stock Analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.