Coronado Global (Australia) Market Value
| CRN Stock | 0.93 0.01 1.06% |
| Symbol | Coronado |
Coronado Global '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 Coronado Global'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 Coronado Global.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Coronado Global on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Coronado Global Resources or generate 0.0% return on investment in Coronado Global over 30 days. Coronado Global is related to or competes with Hotel Property, Australian Unity, Aristocrat Leisure, Environmental, Ironbark Capital, and Dexus Convenience. Coronado Global is entity of Australia. It is traded as Stock on AU exchange. More
Coronado Global 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 Coronado Global'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 Coronado Global Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 18.07 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.31 |
Coronado Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronado Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronado Global's standard deviation. In reality, there are many statistical measures that can use Coronado Global historical prices to predict the future Coronado Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.55) |
Coronado Global Resources Backtested Returns
Coronado Global Resources secures Sharpe Ratio (or Efficiency) of -0.08, which signifies that the company had a -0.08% return per unit of risk over the last 3 months. Coronado Global Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coronado Global's Mean Deviation of 2.23, standard deviation of 3.28, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coronado Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coronado Global is expected to be smaller as well. At this point, Coronado Global Resources has a negative expected return of -0.26%. Please make sure to confirm Coronado Global's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Coronado Global Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Coronado Global Resources has weak predictability. Overlapping area represents the amount of predictability between Coronado Global time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Coronado Global Resources price movement. The serial correlation of 0.24 indicates that over 24.0% of current Coronado Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Coronado Global Resources lagged returns against current returns
Autocorrelation, which is Coronado Global 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 Coronado Global's stock expected returns. We can calculate the autocorrelation of Coronado Global returns to help us make a trade decision. For example, suppose you find that Coronado Global 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 |
Coronado Global 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 Coronado Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronado Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronado Global stock over time.
Current vs Lagged Prices |
| Timeline |
Coronado Global Lagged Returns
When evaluating Coronado Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronado Global stock have on its future price. Coronado Global 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, Coronado Global autocorrelation shows the relationship between Coronado Global stock current value and its past values and can show if there is a momentum factor associated with investing in Coronado Global Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Coronado Stock Analysis
When running Coronado Global's price analysis, check to measure Coronado Global'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 Coronado Global is operating at the current time. Most of Coronado Global's value examination focuses on studying past and present price action to predict the probability of Coronado Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coronado Global's price. Additionally, you may evaluate how the addition of Coronado Global to your portfolios can decrease your overall portfolio volatility.