Cognizant Technology (Brazil) Market Value
| CTSH34 Stock | BRL 433.33 0.00 0.00% |
| Symbol | Cognizant |
Cognizant Technology '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 Cognizant Technology'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 Cognizant Technology.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cognizant Technology on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cognizant Technology Solutions or generate 0.0% return on investment in Cognizant Technology over 30 days. Cognizant Technology is related to or competes with Fiserv, Fras Le, Energisa, BTG Pactual, Procter Gamble, Companhia Paranaense, and Randon SA. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and out... More
Cognizant Technology 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 Cognizant Technology'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 Cognizant Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (0.05) | |||
| Potential Upside | 0.8932 |
Cognizant Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognizant Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognizant Technology's standard deviation. In reality, there are many statistical measures that can use Cognizant Technology historical prices to predict the future Cognizant Technology's volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.0685 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.64) |
Cognizant Technology Backtested Returns
At this point, Cognizant Technology is very steady. Cognizant Technology secures Sharpe Ratio (or Efficiency) of 0.0791, which signifies that the company had a 0.0791% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Cognizant Technology Solutions, which you can use to evaluate the volatility of the firm. Please confirm Cognizant Technology's Mean Deviation of 0.3073, risk adjusted performance of 0.0607, and Standard Deviation of 0.8604 to double-check if the risk estimate we provide is consistent with the expected return of 0.0691%. Cognizant Technology has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0897, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cognizant Technology are expected to decrease at a much lower rate. During the bear market, Cognizant Technology is likely to outperform the market. Cognizant Technology right now shows a risk of 0.87%. Please confirm Cognizant Technology coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Cognizant Technology will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Cognizant Technology Solutions has no correlation between past and present. Overlapping area represents the amount of predictability between Cognizant Technology time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Cognizant Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cognizant Technology lagged returns against current returns
Autocorrelation, which is Cognizant Technology 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 Cognizant Technology's stock expected returns. We can calculate the autocorrelation of Cognizant Technology returns to help us make a trade decision. For example, suppose you find that Cognizant Technology 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 |
Cognizant Technology 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 Cognizant Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognizant Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognizant Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Cognizant Technology Lagged Returns
When evaluating Cognizant Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognizant Technology stock have on its future price. Cognizant Technology 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, Cognizant Technology autocorrelation shows the relationship between Cognizant Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cognizant Technology Solutions.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Cognizant Stock
When determining whether Cognizant Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognizant Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognizant Technology Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognizant Technology Solutions Stock:Check out Cognizant Technology Correlation, Cognizant Technology Volatility and Cognizant Technology Alpha and Beta module to complement your research on Cognizant Technology. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Cognizant Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.