Cofco Biochemical (China) Market Value
| 000930 Stock | 5.85 0.07 1.18% |
| Symbol | Cofco |
Cofco Biochemical '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 Cofco Biochemical'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 Cofco Biochemical.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Cofco Biochemical on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Cofco Biochemical Anhui or generate 0.0% return on investment in Cofco Biochemical over 720 days. Cofco Biochemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Cofco Biochemical is entity of China. It is traded as Stock on SHE exchange. More
Cofco Biochemical 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 Cofco Biochemical'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 Cofco Biochemical Anhui upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1037 | |||
| Maximum Drawdown | 17.7 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 5.7 |
Cofco Biochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofco Biochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofco Biochemical's standard deviation. In reality, there are many statistical measures that can use Cofco Biochemical historical prices to predict the future Cofco Biochemical's volatility.| Risk Adjusted Performance | 0.0996 | |||
| Jensen Alpha | 0.3417 | |||
| Total Risk Alpha | 0.127 | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | 1.4 |
Cofco Biochemical Anhui Backtested Returns
Cofco Biochemical appears to be slightly risky, given 3 months investment horizon. Cofco Biochemical Anhui secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cofco Biochemical Anhui, which you can use to evaluate the volatility of the firm. Please makes use of Cofco Biochemical's risk adjusted performance of 0.0996, and Mean Deviation of 1.91 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cofco Biochemical holds a performance score of 10. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cofco Biochemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofco Biochemical is expected to be smaller as well. Please check Cofco Biochemical's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cofco Biochemical's price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
Cofco Biochemical Anhui has below average predictability. Overlapping area represents the amount of predictability between Cofco Biochemical time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Cofco Biochemical Anhui price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Cofco Biochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Cofco Biochemical Anhui lagged returns against current returns
Autocorrelation, which is Cofco Biochemical 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 Cofco Biochemical's stock expected returns. We can calculate the autocorrelation of Cofco Biochemical returns to help us make a trade decision. For example, suppose you find that Cofco Biochemical 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 |
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Cofco Biochemical 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 Cofco Biochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofco Biochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofco Biochemical stock over time.
Current vs Lagged Prices |
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Cofco Biochemical Lagged Returns
When evaluating Cofco Biochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofco Biochemical stock have on its future price. Cofco Biochemical 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, Cofco Biochemical autocorrelation shows the relationship between Cofco Biochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Cofco Biochemical Anhui.
Regressed Prices |
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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.Other Information on Investing in Cofco Stock
Cofco Biochemical financial ratios help investors to determine whether Cofco 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 Cofco with respect to the benefits of owning Cofco Biochemical security.