Cogna Educao (Brazil) Market Value
| COGN3 Stock | BRL 1.29 0.10 7.19% |
| Symbol | Cogna |
Cogna Educao '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 Cogna Educao'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 Cogna Educao.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Cogna Educao on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Cogna Educao SA or generate 0.0% return on investment in Cogna Educao over 720 days. Cogna Educao is related to or competes with IRB Brasil, Oi SA, CVC Brasil, and Azul SA. Cogna Educao S.A. operates as a private educational organization in Brazil and internationally More
Cogna Educao 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 Cogna Educao'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 Cogna Educao SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (6.34) | |||
| Potential Upside | 7.2 |
Cogna Educao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cogna Educao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cogna Educao's standard deviation. In reality, there are many statistical measures that can use Cogna Educao historical prices to predict the future Cogna Educao's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.49) |
Cogna Educao SA Backtested Returns
Currently, Cogna Educao SA is dangerous. Cogna Educao SA secures Sharpe Ratio (or Efficiency) of 0.0025, which signifies that the company had a 0.0025% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Cogna Educao SA, which you can use to evaluate the volatility of the firm. Please confirm Cogna Educao's Mean Deviation of 3.02, standard deviation of 4.04, and Risk Adjusted Performance of (0.0004) to double-check if the risk estimate we provide is consistent with the expected return of 0.0101%. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cogna Educao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cogna Educao is expected to be smaller as well. Cogna Educao SA right now shows a risk of 4.12%. Please confirm Cogna Educao SA coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Cogna Educao SA will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Cogna Educao SA has very good reverse predictability. Overlapping area represents the amount of predictability between Cogna Educao time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Cogna Educao SA price movement. The serial correlation of -0.67 indicates that around 67.0% of current Cogna Educao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Cogna Educao SA lagged returns against current returns
Autocorrelation, which is Cogna Educao 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 Cogna Educao's stock expected returns. We can calculate the autocorrelation of Cogna Educao returns to help us make a trade decision. For example, suppose you find that Cogna Educao 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 |
Cogna Educao 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 Cogna Educao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cogna Educao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cogna Educao stock over time.
Current vs Lagged Prices |
| Timeline |
Cogna Educao Lagged Returns
When evaluating Cogna Educao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cogna Educao stock have on its future price. Cogna Educao 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, Cogna Educao autocorrelation shows the relationship between Cogna Educao stock current value and its past values and can show if there is a momentum factor associated with investing in Cogna Educao SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cogna Stock Analysis
When running Cogna Educao's price analysis, check to measure Cogna Educao'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 Cogna Educao is operating at the current time. Most of Cogna Educao's value examination focuses on studying past and present price action to predict the probability of Cogna Educao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogna Educao's price. Additionally, you may evaluate how the addition of Cogna Educao to your portfolios can decrease your overall portfolio volatility.