COSMOSTEEL HLDGS (Germany) Market Value
| CMR Stock | 0.07 0 4.67% |
| Symbol | COSMOSTEEL |
COSMOSTEEL HLDGS '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 COSMOSTEEL HLDGS'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 COSMOSTEEL HLDGS.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in COSMOSTEEL HLDGS on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding COSMOSTEEL HLDGS or generate 0.0% return on investment in COSMOSTEEL HLDGS over 30 days. COSMOSTEEL HLDGS is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
COSMOSTEEL HLDGS 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 COSMOSTEEL HLDGS'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 COSMOSTEEL HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 5.17 |
COSMOSTEEL HLDGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COSMOSTEEL HLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSMOSTEEL HLDGS's standard deviation. In reality, there are many statistical measures that can use COSMOSTEEL HLDGS historical prices to predict the future COSMOSTEEL HLDGS's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.3052 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0537 | |||
| Treynor Ratio | (1.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of COSMOSTEEL HLDGS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
COSMOSTEEL HLDGS Backtested Returns
COSMOSTEEL HLDGS appears to be out of control, given 3 months investment horizon. COSMOSTEEL HLDGS secures Sharpe Ratio (or Efficiency) of 0.0992, which signifies that the company had a 0.0992% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for COSMOSTEEL HLDGS, which you can use to evaluate the volatility of the firm. Please makes use of COSMOSTEEL HLDGS's mean deviation of 1.7, and Risk Adjusted Performance of 0.0752 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, COSMOSTEEL HLDGS holds a performance score of 7. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COSMOSTEEL HLDGS are expected to decrease at a much lower rate. During the bear market, COSMOSTEEL HLDGS is likely to outperform the market. Please check COSMOSTEEL HLDGS's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether COSMOSTEEL HLDGS's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
COSMOSTEEL HLDGS has very weak reverse predictability. Overlapping area represents the amount of predictability between COSMOSTEEL HLDGS time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 COSMOSTEEL HLDGS price movement. The serial correlation of -0.07 indicates that barely 7.0% of current COSMOSTEEL HLDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COSMOSTEEL HLDGS lagged returns against current returns
Autocorrelation, which is COSMOSTEEL HLDGS 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 COSMOSTEEL HLDGS's stock expected returns. We can calculate the autocorrelation of COSMOSTEEL HLDGS returns to help us make a trade decision. For example, suppose you find that COSMOSTEEL HLDGS 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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COSMOSTEEL HLDGS 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 COSMOSTEEL HLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSMOSTEEL HLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSMOSTEEL HLDGS stock over time.
Current vs Lagged Prices |
| Timeline |
COSMOSTEEL HLDGS Lagged Returns
When evaluating COSMOSTEEL HLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSMOSTEEL HLDGS stock have on its future price. COSMOSTEEL HLDGS 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, COSMOSTEEL HLDGS autocorrelation shows the relationship between COSMOSTEEL HLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in COSMOSTEEL HLDGS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for COSMOSTEEL Stock Analysis
When running COSMOSTEEL HLDGS's price analysis, check to measure COSMOSTEEL HLDGS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy COSMOSTEEL HLDGS is operating at the current time. Most of COSMOSTEEL HLDGS's value examination focuses on studying past and present price action to predict the probability of COSMOSTEEL HLDGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COSMOSTEEL HLDGS's price. Additionally, you may evaluate how the addition of COSMOSTEEL HLDGS to your portfolios can decrease your overall portfolio volatility.