Coveo Solutions Stock Market Value
| CVO Stock | 7.31 0.02 0.27% |
| Symbol | Coveo |
Coveo Solutions Price To Book Ratio
Coveo Solutions '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 Coveo Solutions' 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 Coveo Solutions.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Coveo Solutions on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Coveo Solutions or generate 0.0% return on investment in Coveo Solutions over 30 days. Coveo Solutions is related to or competes with Lion Electric, and Alithya Group. Coveo Solutions is entity of Canada. It is traded as Stock on TO exchange. More
Coveo Solutions 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 Coveo Solutions' 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 Coveo Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0426 | |||
| Maximum Drawdown | 25.51 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 5.59 |
Coveo Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coveo Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coveo Solutions' standard deviation. In reality, there are many statistical measures that can use Coveo Solutions historical prices to predict the future Coveo Solutions' volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.1864 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0601 | |||
| Treynor Ratio | 0.3571 |
Coveo Solutions Backtested Returns
Coveo Solutions appears to be slightly risky, given 3 months investment horizon. Coveo Solutions 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 Coveo Solutions, which you can use to evaluate the volatility of the firm. Please makes use of Coveo Solutions' Downside Deviation of 2.7, mean deviation of 2.25, and Risk Adjusted Performance of 0.0682 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coveo Solutions holds a performance score of 7. The firm shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coveo Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Coveo Solutions is expected to be smaller as well. Please check Coveo Solutions' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Coveo Solutions' price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Coveo Solutions has very weak predictability. Overlapping area represents the amount of predictability between Coveo Solutions time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Coveo Solutions price movement. The serial correlation of 0.17 indicates that over 17.0% of current Coveo Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Coveo Solutions lagged returns against current returns
Autocorrelation, which is Coveo Solutions 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 Coveo Solutions' stock expected returns. We can calculate the autocorrelation of Coveo Solutions returns to help us make a trade decision. For example, suppose you find that Coveo Solutions 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 |
Coveo Solutions 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 Coveo Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coveo Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coveo Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Coveo Solutions Lagged Returns
When evaluating Coveo Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coveo Solutions stock have on its future price. Coveo Solutions 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, Coveo Solutions autocorrelation shows the relationship between Coveo Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Coveo Solutions.
Regressed Prices |
| Timeline |
Other Information on Investing in Coveo Stock
Coveo Solutions financial ratios help investors to determine whether Coveo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Coveo with respect to the benefits of owning Coveo Solutions security.