CORONGLRES CDIS/10/1 (Germany) Market Value
| 0QE Stock | EUR 0.60 0.00 0.00% |
| Symbol | CORONGLRES |
CORONGLRES CDIS/10/1 '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 CORONGLRES CDIS/10/1'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 CORONGLRES CDIS/10/1.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in CORONGLRES CDIS/10/1 on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding CORONGLRES CDIS101 or generate 0.0% return on investment in CORONGLRES CDIS/10/1 over 30 days. CORONGLRES CDIS/10/1 is related to or competes with TITANIUM TRANSPORTGROUP, QBE Insurance, Transport International, USWE SPORTS, Gaztransport Technigaz, AIR PRODCHEMICALS, and United Insurance. Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal More
CORONGLRES CDIS/10/1 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 CORONGLRES CDIS/10/1'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 CORONGLRES CDIS101 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 12.0 |
CORONGLRES CDIS/10/1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORONGLRES CDIS/10/1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORONGLRES CDIS/10/1's standard deviation. In reality, there are many statistical measures that can use CORONGLRES CDIS/10/1 historical prices to predict the future CORONGLRES CDIS/10/1's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 6.98 |
CORONGLRES CDIS/10/1 Backtested Returns
CORONGLRES CDIS/10/1 secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. CORONGLRES CDIS101 exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CORONGLRES CDIS/10/1's risk adjusted performance of (0.13), and Mean Deviation of 0.6198 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0472, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CORONGLRES CDIS/10/1 are expected to decrease at a much lower rate. During the bear market, CORONGLRES CDIS/10/1 is likely to outperform the market. At this point, CORONGLRES CDIS/10/1 has a negative expected return of -0.33%. Please make sure to confirm CORONGLRES CDIS/10/1's variance, treynor ratio, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if CORONGLRES CDIS/10/1 performance from the past will be repeated at future time.
Auto-correlation | 1.00 |
Perfect predictability
CORONGLRES CDIS101 has perfect predictability. Overlapping area represents the amount of predictability between CORONGLRES CDIS/10/1 time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 CORONGLRES CDIS/10/1 price movement. The serial correlation of 1.0 indicates that 100.0% of current CORONGLRES CDIS/10/1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CORONGLRES CDIS/10/1 lagged returns against current returns
Autocorrelation, which is CORONGLRES CDIS/10/1 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 CORONGLRES CDIS/10/1's stock expected returns. We can calculate the autocorrelation of CORONGLRES CDIS/10/1 returns to help us make a trade decision. For example, suppose you find that CORONGLRES CDIS/10/1 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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CORONGLRES CDIS/10/1 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 CORONGLRES CDIS/10/1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORONGLRES CDIS/10/1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORONGLRES CDIS/10/1 stock over time.
Current vs Lagged Prices |
| Timeline |
CORONGLRES CDIS/10/1 Lagged Returns
When evaluating CORONGLRES CDIS/10/1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORONGLRES CDIS/10/1 stock have on its future price. CORONGLRES CDIS/10/1 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, CORONGLRES CDIS/10/1 autocorrelation shows the relationship between CORONGLRES CDIS/10/1 stock current value and its past values and can show if there is a momentum factor associated with investing in CORONGLRES CDIS101.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CORONGLRES Stock
CORONGLRES CDIS/10/1 financial ratios help investors to determine whether CORONGLRES 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 CORONGLRES with respect to the benefits of owning CORONGLRES CDIS/10/1 security.