Cognex (Germany) Market Value
| CGZ Stock | EUR 34.33 0.08 0.23% |
| Symbol | Cognex |
Cognex '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 Cognex'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 Cognex.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Cognex on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cognex or generate 0.0% return on investment in Cognex over 30 days. Cognex is related to or competes with Keyence, Keysight Technologies, HEXAGON AB, Fortive, Teledyne Technologies, Trimble, and Cognex. Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tas... More
Cognex 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 Cognex'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 Cognex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.43 |
Cognex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognex's standard deviation. In reality, there are many statistical measures that can use Cognex historical prices to predict the future Cognex's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.53) |
Cognex Backtested Returns
Cognex secures Sharpe Ratio (or Efficiency) of -0.0288, which signifies that the company had a -0.0288% return per unit of risk over the last 3 months. Cognex exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cognex's Standard Deviation of 1.92, mean deviation of 1.4, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0796, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cognex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cognex is expected to be smaller as well. At this point, Cognex has a negative expected return of -0.0547%. Please make sure to confirm Cognex's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Cognex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Cognex has good predictability. Overlapping area represents the amount of predictability between Cognex time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Cognex price movement. The serial correlation of 0.76 indicates that around 76.0% of current Cognex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Cognex lagged returns against current returns
Autocorrelation, which is Cognex 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 Cognex's stock expected returns. We can calculate the autocorrelation of Cognex returns to help us make a trade decision. For example, suppose you find that Cognex 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 |
Cognex 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 Cognex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognex stock over time.
Current vs Lagged Prices |
| Timeline |
Cognex Lagged Returns
When evaluating Cognex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognex stock have on its future price. Cognex 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, Cognex autocorrelation shows the relationship between Cognex stock current value and its past values and can show if there is a momentum factor associated with investing in Cognex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cognex Stock
When determining whether Cognex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognex Stock:Check out Cognex Correlation, Cognex Volatility and Cognex Alpha and Beta module to complement your research on Cognex. For more detail on how to invest in Cognex Stock please use our How to Invest in Cognex guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Cognex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.