Coheris SA (France) Market Value
| COH Stock | EUR 8.22 0.12 1.48% |
| Symbol | Coheris |
Coheris SA '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 Coheris SA'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 Coheris SA.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Coheris SA on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Coheris SA or generate 0.0% return on investment in Coheris SA over 90 days. Coheris SA is related to or competes with ACTEOS SA, Bourse Direct, and Cegedim SA. Coheris SA provides customer relationship management , customer insight, and analytics solutions in France and internati... More
Coheris SA 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 Coheris SA'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 Coheris SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.093 | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 5.34 |
Coheris SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coheris SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coheris SA's standard deviation. In reality, there are many statistical measures that can use Coheris SA historical prices to predict the future Coheris SA's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.354 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1059 | |||
| Treynor Ratio | 4.68 |
Coheris SA Backtested Returns
Coheris SA appears to be somewhat reliable, given 3 months investment horizon. Coheris SA secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Coheris SA, which you can use to evaluate the volatility of the firm. Please makes use of Coheris SA's Downside Deviation of 2.35, mean deviation of 1.67, and Risk Adjusted Performance of 0.1081 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coheris SA holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0776, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coheris SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coheris SA is expected to be smaller as well. Please check Coheris SA's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Coheris SA's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Coheris SA has good predictability. Overlapping area represents the amount of predictability between Coheris SA time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 Coheris SA price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Coheris SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Coheris SA lagged returns against current returns
Autocorrelation, which is Coheris SA 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 Coheris SA's stock expected returns. We can calculate the autocorrelation of Coheris SA returns to help us make a trade decision. For example, suppose you find that Coheris SA 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 |
Coheris SA 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 Coheris SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coheris SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coheris SA stock over time.
Current vs Lagged Prices |
| Timeline |
Coheris SA Lagged Returns
When evaluating Coheris SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coheris SA stock have on its future price. Coheris SA 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, Coheris SA autocorrelation shows the relationship between Coheris SA stock current value and its past values and can show if there is a momentum factor associated with investing in Coheris 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.Other Information on Investing in Coheris Stock
Coheris SA financial ratios help investors to determine whether Coheris 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 Coheris with respect to the benefits of owning Coheris SA security.