COSCO SHIPPING (Germany) Market Value
| HIFH Stock | EUR 0.72 0.01 1.41% |
| Symbol | COSCO |
COSCO SHIPPING '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 COSCO SHIPPING'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 COSCO SHIPPING.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in COSCO SHIPPING on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding COSCO SHIPPING Energy or generate 0.0% return on investment in COSCO SHIPPING over 60 days. COSCO SHIPPING is related to or competes with COSCO SHIPPING, Nippon Yusen, Hapag-Lloyd, Orient Overseas, China Merchants, and Qingdao Port. COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied... More
COSCO SHIPPING 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 COSCO SHIPPING'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 COSCO SHIPPING Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 40.79 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 6.67 |
COSCO SHIPPING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COSCO SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSCO SHIPPING's standard deviation. In reality, there are many statistical measures that can use COSCO SHIPPING historical prices to predict the future COSCO SHIPPING's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.3647 | |||
| Total Risk Alpha | 0.1961 | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | (0.58) |
COSCO SHIPPING Energy Backtested Returns
COSCO SHIPPING appears to be out of control, given 3 months investment horizon. COSCO SHIPPING Energy secures Sharpe Ratio (or Efficiency) of 0.0522, which signifies that the company had a 0.0522% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for COSCO SHIPPING Energy, which you can use to evaluate the volatility of the firm. Please makes use of COSCO SHIPPING's mean deviation of 2.81, and Risk Adjusted Performance of 0.0602 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, COSCO SHIPPING holds a performance score of 4. The firm shows a Beta (market volatility) of -0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning COSCO SHIPPING are expected to decrease at a much lower rate. During the bear market, COSCO SHIPPING is likely to outperform the market. Please check COSCO SHIPPING's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether COSCO SHIPPING's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
COSCO SHIPPING Energy has weak reverse predictability. Overlapping area represents the amount of predictability between COSCO SHIPPING time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 COSCO SHIPPING Energy price movement. The serial correlation of -0.25 indicates that over 25.0% of current COSCO SHIPPING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COSCO SHIPPING Energy lagged returns against current returns
Autocorrelation, which is COSCO SHIPPING 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 COSCO SHIPPING's stock expected returns. We can calculate the autocorrelation of COSCO SHIPPING returns to help us make a trade decision. For example, suppose you find that COSCO SHIPPING 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 |
COSCO SHIPPING 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 COSCO SHIPPING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSCO SHIPPING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSCO SHIPPING stock over time.
Current vs Lagged Prices |
| Timeline |
COSCO SHIPPING Lagged Returns
When evaluating COSCO SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSCO SHIPPING stock have on its future price. COSCO SHIPPING 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, COSCO SHIPPING autocorrelation shows the relationship between COSCO SHIPPING stock current value and its past values and can show if there is a momentum factor associated with investing in COSCO SHIPPING Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in COSCO Stock
COSCO SHIPPING financial ratios help investors to determine whether COSCO 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 COSCO with respect to the benefits of owning COSCO SHIPPING security.