Cordiant Digital (UK) Market Value
| CSRD Stock | 0.85 0.00 0.00% |
| Symbol | Cordiant |
Cordiant Digital '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 Cordiant Digital'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 Cordiant Digital.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Cordiant Digital on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Cordiant Digital Infrastructure or generate 0.0% return on investment in Cordiant Digital over 540 days. Cordiant Digital is related to or competes with Neometals, Coor Service, Aeorema Communications, JLEN Environmental, Power Metal, GoldMining, and Eastinco Mining. Cordiant Digital is entity of United Kingdom More
Cordiant Digital 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 Cordiant Digital'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 Cordiant Digital Infrastructure upside and downside potential and time the market with a certain degree of confidence.
Cordiant Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cordiant Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cordiant Digital's standard deviation. In reality, there are many statistical measures that can use Cordiant Digital historical prices to predict the future Cordiant Digital's volatility.Cordiant Digital Inf Backtested Returns
We have found six technical indicators for Cordiant Digital Infrastructure, which you can use to evaluate the volatility of the firm. Please confirm Cordiant Digital's Accumulation Distribution of 860.29, market facilitation index of 6.0E-4, and Day Median Price of 0.53 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cordiant Digital are completely uncorrelated. Cordiant Digital Inf right now shows a risk of 0.0%. Please confirm Cordiant Digital Inf rate of daily change, as well as the relationship between the market facilitation index and price action indicator , to decide if Cordiant Digital Inf will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
Cordiant Digital Infrastructure has poor predictability. Overlapping area represents the amount of predictability between Cordiant Digital time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Cordiant Digital Inf price movement. The serial correlation of 0.25 indicates that over 25.0% of current Cordiant Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cordiant Digital Inf lagged returns against current returns
Autocorrelation, which is Cordiant Digital 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 Cordiant Digital's stock expected returns. We can calculate the autocorrelation of Cordiant Digital returns to help us make a trade decision. For example, suppose you find that Cordiant Digital 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 |
Cordiant Digital 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 Cordiant Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cordiant Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cordiant Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Cordiant Digital Lagged Returns
When evaluating Cordiant Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cordiant Digital stock have on its future price. Cordiant Digital 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, Cordiant Digital autocorrelation shows the relationship between Cordiant Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Cordiant Digital Infrastructure.
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 Cordiant Stock Analysis
When running Cordiant Digital's price analysis, check to measure Cordiant Digital'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 Cordiant Digital is operating at the current time. Most of Cordiant Digital's value examination focuses on studying past and present price action to predict the probability of Cordiant Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cordiant Digital's price. Additionally, you may evaluate how the addition of Cordiant Digital to your portfolios can decrease your overall portfolio volatility.