Cordel Group (UK) Market Value
| CRDL Stock | 6.75 0.12 1.81% |
| Symbol | Cordel |
Cordel Group '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 Cordel Group'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 Cordel Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cordel Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cordel Group PLC or generate 0.0% return on investment in Cordel Group over 30 days. Cordel Group is related to or competes with Planet Fitness, Inspiration Healthcare, Worldwide Healthcare, Omega Healthcare, HCA Healthcare, Universal Health, and Sabre Insurance. Cordel Group is entity of United Kingdom More
Cordel Group 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 Cordel Group'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 Cordel Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.64 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 25.51 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 6.67 |
Cordel Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cordel Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cordel Group's standard deviation. In reality, there are many statistical measures that can use Cordel Group historical prices to predict the future Cordel Group's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.3382 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 1.58 |
Cordel Group PLC Backtested Returns
Cordel Group appears to be slightly risky, given 3 months investment horizon. Cordel Group PLC secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cordel Group PLC, which you can use to evaluate the volatility of the firm. Please makes use of Cordel Group's Risk Adjusted Performance of 0.0867, mean deviation of 1.93, and Downside Deviation of 5.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cordel Group holds a performance score of 8. 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, Cordel Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cordel Group is expected to be smaller as well. Please check Cordel Group's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Cordel Group's price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Cordel Group PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cordel Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Cordel Group PLC price movement. The serial correlation of -0.76 indicates that around 76.0% of current Cordel Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Cordel Group PLC lagged returns against current returns
Autocorrelation, which is Cordel Group 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 Cordel Group's stock expected returns. We can calculate the autocorrelation of Cordel Group returns to help us make a trade decision. For example, suppose you find that Cordel Group 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 |
Cordel Group 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 Cordel Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cordel Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cordel Group stock over time.
Current vs Lagged Prices |
| Timeline |
Cordel Group Lagged Returns
When evaluating Cordel Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cordel Group stock have on its future price. Cordel Group 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, Cordel Group autocorrelation shows the relationship between Cordel Group stock current value and its past values and can show if there is a momentum factor associated with investing in Cordel Group PLC.
Regressed Prices |
| Timeline |
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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 Cordel Stock Analysis
When running Cordel Group's price analysis, check to measure Cordel Group'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 Cordel Group is operating at the current time. Most of Cordel Group's value examination focuses on studying past and present price action to predict the probability of Cordel Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cordel Group's price. Additionally, you may evaluate how the addition of Cordel Group to your portfolios can decrease your overall portfolio volatility.