COSCO SHIPPING (Germany) Market Value
| C6G Stock | EUR 1.45 0.06 3.97% |
| Symbol | COSCO |
COSCO SHIPPING '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 COSCO SHIPPING'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 COSCO SHIPPING.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in COSCO SHIPPING on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding COSCO SHIPPING Holdings or generate 0.0% return on investment in COSCO SHIPPING over 30 days. COSCO SHIPPING is related to or competes with Virtus Investment, DFS Furniture, Corporate Office, Global Ship, Neinor Homes, SEI INVESTMENTS, and Focus Home. COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping, container terminals... More
COSCO SHIPPING 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 COSCO SHIPPING'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 COSCO SHIPPING Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1403 | |||
| Maximum Drawdown | 72.65 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 6.02 |
COSCO SHIPPING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COSCO SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSCO SHIPPING's standard deviation. In reality, there are many statistical measures that can use COSCO SHIPPING historical prices to predict the future COSCO SHIPPING's volatility.| Risk Adjusted Performance | 0.1232 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 0.983 | |||
| Sortino Ratio | 0.3445 | |||
| Treynor Ratio | (0.51) |
COSCO SHIPPING Holdings Backtested Returns
COSCO SHIPPING is abnormally volatile given 3 months investment horizon. COSCO SHIPPING Holdings secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of volatility over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use COSCO SHIPPING risk adjusted performance of 0.1232, and Mean Deviation of 3.3 to evaluate company specific risk that cannot be diversified away. COSCO SHIPPING holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.42, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning COSCO SHIPPING are expected to decrease by larger amounts. On the other hand, during market turmoil, COSCO SHIPPING is expected to outperform it. Use COSCO SHIPPING treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on COSCO SHIPPING.
Auto-correlation | -0.44 |
Modest reverse predictability
COSCO SHIPPING Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between COSCO SHIPPING time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 COSCO SHIPPING Holdings price movement. The serial correlation of -0.44 indicates that just about 44.0% of current COSCO SHIPPING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COSCO SHIPPING Holdings lagged returns against current returns
Autocorrelation, which is COSCO SHIPPING 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 COSCO SHIPPING's stock expected returns. We can calculate the autocorrelation of COSCO SHIPPING returns to help us make a trade decision. For example, suppose you find that COSCO SHIPPING 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 |
COSCO SHIPPING 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 COSCO SHIPPING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSCO SHIPPING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSCO SHIPPING stock over time.
Current vs Lagged Prices |
| Timeline |
COSCO SHIPPING Lagged Returns
When evaluating COSCO SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSCO SHIPPING stock have on its future price. COSCO SHIPPING 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, COSCO SHIPPING autocorrelation shows the relationship between COSCO SHIPPING stock current value and its past values and can show if there is a momentum factor associated with investing in COSCO SHIPPING Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in COSCO Stock
COSCO SHIPPING financial ratios help investors to determine whether COSCO 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 COSCO with respect to the benefits of owning COSCO SHIPPING security.