Conico (Australia) Market Value
| CNJ Stock | 0.01 0.00 0.00% |
| Symbol | Conico |
Conico '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 Conico'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 Conico.
| 05/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in Conico on May 28, 2023 and sell it all today you would earn a total of 0.00 from holding Conico or generate 0.0% return on investment in Conico over 570 days. Conico is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Conico is entity of Australia. It is traded as Stock on AU exchange. More
Conico 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 Conico'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 Conico upside and downside potential and time the market with a certain degree of confidence.
Conico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conico's standard deviation. In reality, there are many statistical measures that can use Conico historical prices to predict the future Conico's volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | (0) |
Conico Backtested Returns
Conico secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Conico exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conico's Risk Adjusted Performance of 0.0095, mean deviation of 3.03, and Variance of 230.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.6, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Conico will likely underperform. At this point, Conico has a negative expected return of -0.78%. Please make sure to confirm Conico's jensen alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and kurtosis , to decide if Conico performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Conico has below average predictability. Overlapping area represents the amount of predictability between Conico time series from 28th of May 2023 to 8th of March 2024 and 8th of March 2024 to 18th 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 Conico price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Conico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conico lagged returns against current returns
Autocorrelation, which is Conico 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 Conico's stock expected returns. We can calculate the autocorrelation of Conico returns to help us make a trade decision. For example, suppose you find that Conico 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 |
Conico 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 Conico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conico stock over time.
Current vs Lagged Prices |
| Timeline |
Conico Lagged Returns
When evaluating Conico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conico stock have on its future price. Conico 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, Conico autocorrelation shows the relationship between Conico stock current value and its past values and can show if there is a momentum factor associated with investing in Conico.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Conico Stock Analysis
When running Conico's price analysis, check to measure Conico'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 Conico is operating at the current time. Most of Conico's value examination focuses on studying past and present price action to predict the probability of Conico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conico's price. Additionally, you may evaluate how the addition of Conico to your portfolios can decrease your overall portfolio volatility.