COFCO Joycome (Germany) Market Value
| 0M7 Stock | EUR 0.17 0.01 5.56% |
| Symbol | COFCO |
COFCO Joycome '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 COFCO Joycome'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 COFCO Joycome.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in COFCO Joycome on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding COFCO Joycome Foods or generate 0.0% return on investment in COFCO Joycome over 30 days. COFCO Joycome is related to or competes with Mowi ASA, LEROY SEAFOOD, Lery Seafood, and Nisshin Seifun. COFCO Joycome Foods Limited, an investment holding company, primarily engages in the hog production and sales, and lives... More
COFCO Joycome 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 COFCO Joycome'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 COFCO Joycome Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.22 | |||
| Information Ratio | 0.0862 | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
COFCO Joycome Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFCO Joycome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COFCO Joycome's standard deviation. In reality, there are many statistical measures that can use COFCO Joycome historical prices to predict the future COFCO Joycome's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.352 | |||
| Total Risk Alpha | 0.2513 | |||
| Sortino Ratio | 0.047 | |||
| Treynor Ratio | 0.8373 |
COFCO Joycome Foods Backtested Returns
COFCO Joycome appears to be out of control, given 3 months investment horizon. COFCO Joycome Foods secures Sharpe Ratio (or Efficiency) of 0.0943, which signifies that the company had a 0.0943% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for COFCO Joycome Foods, which you can use to evaluate the volatility of the firm. Please makes use of COFCO Joycome's Mean Deviation of 2.57, risk adjusted performance of 0.0827, and Downside Deviation of 7.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, COFCO Joycome holds a performance score of 7. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, COFCO Joycome's returns are expected to increase less than the market. However, during the bear market, the loss of holding COFCO Joycome is expected to be smaller as well. Please check COFCO Joycome's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether COFCO Joycome's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
COFCO Joycome Foods has poor reverse predictability. Overlapping area represents the amount of predictability between COFCO Joycome time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 COFCO Joycome Foods price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current COFCO Joycome price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COFCO Joycome Foods lagged returns against current returns
Autocorrelation, which is COFCO Joycome 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 COFCO Joycome's stock expected returns. We can calculate the autocorrelation of COFCO Joycome returns to help us make a trade decision. For example, suppose you find that COFCO Joycome 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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COFCO Joycome 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 COFCO Joycome stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COFCO Joycome stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COFCO Joycome stock over time.
Current vs Lagged Prices |
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COFCO Joycome Lagged Returns
When evaluating COFCO Joycome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COFCO Joycome stock have on its future price. COFCO Joycome 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, COFCO Joycome autocorrelation shows the relationship between COFCO Joycome stock current value and its past values and can show if there is a momentum factor associated with investing in COFCO Joycome Foods.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in COFCO Stock
COFCO Joycome financial ratios help investors to determine whether COFCO 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 COFCO with respect to the benefits of owning COFCO Joycome security.