Cobalt Power Group Stock Market Value
| PGP Stock | CAD 0.03 0.00 0.00% |
| Symbol | Cobalt |
Cobalt Power '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 Cobalt Power'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 Cobalt Power.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in Cobalt Power on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Cobalt Power Group or generate 0.0% return on investment in Cobalt Power over 420 days. Cobalt Power is related to or competes with Diversified Royalty, Wilmington Capital, Partners Value, Brookfield Asset, and Bip Investment. Power Group Projects Corp., an exploration stage company, engages in the acquisition, exploration, and development of re... More
Cobalt Power 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 Cobalt Power'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 Cobalt Power Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Cobalt Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cobalt Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cobalt Power's standard deviation. In reality, there are many statistical measures that can use Cobalt Power historical prices to predict the future Cobalt Power's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 0.3906 |
Cobalt Power Group Backtested Returns
Cobalt Power Group secures Sharpe Ratio (or Efficiency) of -0.0753, which signifies that the company had a -0.0753% return per unit of standard deviation over the last 3 months. Cobalt Power Group exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cobalt Power's mean deviation of 4.52, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.7, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cobalt Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Cobalt Power is expected to outperform it. At this point, Cobalt Power Group has a negative expected return of -0.7%. Please make sure to confirm Cobalt Power's information ratio, as well as the relationship between the potential upside and day median price , to decide if Cobalt Power Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Cobalt Power Group has insignificant predictability. Overlapping area represents the amount of predictability between Cobalt Power time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th 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 Cobalt Power Group price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Cobalt Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cobalt Power Group lagged returns against current returns
Autocorrelation, which is Cobalt Power 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 Cobalt Power's stock expected returns. We can calculate the autocorrelation of Cobalt Power returns to help us make a trade decision. For example, suppose you find that Cobalt Power 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 |
Cobalt Power 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 Cobalt Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cobalt Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cobalt Power stock over time.
Current vs Lagged Prices |
| Timeline |
Cobalt Power Lagged Returns
When evaluating Cobalt Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cobalt Power stock have on its future price. Cobalt Power 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, Cobalt Power autocorrelation shows the relationship between Cobalt Power stock current value and its past values and can show if there is a momentum factor associated with investing in Cobalt Power Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cobalt Stock Analysis
When running Cobalt Power's price analysis, check to measure Cobalt Power'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 Cobalt Power is operating at the current time. Most of Cobalt Power's value examination focuses on studying past and present price action to predict the probability of Cobalt Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cobalt Power's price. Additionally, you may evaluate how the addition of Cobalt Power to your portfolios can decrease your overall portfolio volatility.