Colgate Palmolive (Germany) Market Value
| CPA Stock | EUR 91.61 0.29 0.32% |
| Symbol | Colgate |
Colgate Palmolive '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 Colgate Palmolive'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 Colgate Palmolive.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Colgate Palmolive on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Colgate Palmolive or generate 0.0% return on investment in Colgate Palmolive over 180 days. Colgate Palmolive is related to or competes with Entravision Communications, Cellnex Telecom, China Communications, Richardson Electronics, Methode Electronics, INTERSHOP Communications, and Iridium Communications. Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide More
Colgate Palmolive 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 Colgate Palmolive'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 Colgate Palmolive upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.9 |
Colgate Palmolive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colgate Palmolive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colgate Palmolive's standard deviation. In reality, there are many statistical measures that can use Colgate Palmolive historical prices to predict the future Colgate Palmolive's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 1.33 |
Colgate Palmolive Backtested Returns
Colgate Palmolive secures Sharpe Ratio (or Efficiency) of -0.0525, which signifies that the company had a -0.0525% return per unit of risk over the last 3 months. Colgate Palmolive exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Colgate Palmolive's Standard Deviation of 1.07, mean deviation of 0.7889, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0354, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Colgate Palmolive are expected to decrease at a much lower rate. During the bear market, Colgate Palmolive is likely to outperform the market. At this point, Colgate Palmolive has a negative expected return of -0.0563%. Please make sure to confirm Colgate Palmolive's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Colgate Palmolive performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Colgate Palmolive has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Colgate Palmolive time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Colgate Palmolive price movement. The serial correlation of -0.73 indicates that around 73.0% of current Colgate Palmolive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 11.53 |
Colgate Palmolive lagged returns against current returns
Autocorrelation, which is Colgate Palmolive 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 Colgate Palmolive's stock expected returns. We can calculate the autocorrelation of Colgate Palmolive returns to help us make a trade decision. For example, suppose you find that Colgate Palmolive 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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Colgate Palmolive 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 Colgate Palmolive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colgate Palmolive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colgate Palmolive stock over time.
Current vs Lagged Prices |
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Colgate Palmolive Lagged Returns
When evaluating Colgate Palmolive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colgate Palmolive stock have on its future price. Colgate Palmolive 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, Colgate Palmolive autocorrelation shows the relationship between Colgate Palmolive stock current value and its past values and can show if there is a momentum factor associated with investing in Colgate Palmolive.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Colgate Stock
When determining whether Colgate Palmolive is a strong investment it is important to analyze Colgate Palmolive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Colgate Palmolive's future performance. For an informed investment choice regarding Colgate Stock, refer to the following important reports:Check out Colgate Palmolive Correlation, Colgate Palmolive Volatility and Colgate Palmolive Alpha and Beta module to complement your research on Colgate Palmolive. For more detail on how to invest in Colgate Stock please use our How to Invest in Colgate Palmolive guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Colgate Palmolive technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.