CORONGLRES CDIS101 (Germany) Market Value
| 0QE Stock | EUR 0.48 0.00 0.00% |
| Symbol | CORONGLRES |
CORONGLRES CDIS101 '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 CORONGLRES CDIS101'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 CORONGLRES CDIS101.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in CORONGLRES CDIS101 on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding CORONGLRES CDIS101 or generate 0.0% return on investment in CORONGLRES CDIS101 over 390 days. CORONGLRES CDIS101 is related to or competes with MONGOLIAN MINING, and Ecora Resources. Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal More
CORONGLRES CDIS101 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 CORONGLRES CDIS101'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 CORONGLRES CDIS101 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 20.0 |
CORONGLRES CDIS101 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORONGLRES CDIS101's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORONGLRES CDIS101's standard deviation. In reality, there are many statistical measures that can use CORONGLRES CDIS101 historical prices to predict the future CORONGLRES CDIS101's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (9.73) |
CORONGLRES CDIS101 Backtested Returns
CORONGLRES CDIS101 secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. CORONGLRES CDIS101 exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CORONGLRES CDIS101's mean deviation of 1.19, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.065, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CORONGLRES CDIS101's returns are expected to increase less than the market. However, during the bear market, the loss of holding CORONGLRES CDIS101 is expected to be smaller as well. At this point, CORONGLRES CDIS101 has a negative expected return of -0.63%. Please make sure to confirm CORONGLRES CDIS101's variance, treynor ratio, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if CORONGLRES CDIS101 performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
CORONGLRES CDIS101 has good predictability. Overlapping area represents the amount of predictability between CORONGLRES CDIS101 time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 CORONGLRES CDIS101 price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current CORONGLRES CDIS101 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CORONGLRES CDIS101 lagged returns against current returns
Autocorrelation, which is CORONGLRES CDIS101 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 CORONGLRES CDIS101's stock expected returns. We can calculate the autocorrelation of CORONGLRES CDIS101 returns to help us make a trade decision. For example, suppose you find that CORONGLRES CDIS101 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 |
CORONGLRES CDIS101 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 CORONGLRES CDIS101 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORONGLRES CDIS101 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORONGLRES CDIS101 stock over time.
Current vs Lagged Prices |
| Timeline |
CORONGLRES CDIS101 Lagged Returns
When evaluating CORONGLRES CDIS101's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORONGLRES CDIS101 stock have on its future price. CORONGLRES CDIS101 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, CORONGLRES CDIS101 autocorrelation shows the relationship between CORONGLRES CDIS101 stock current value and its past values and can show if there is a momentum factor associated with investing in CORONGLRES CDIS101.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CORONGLRES Stock
CORONGLRES CDIS101 financial ratios help investors to determine whether CORONGLRES 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 CORONGLRES with respect to the benefits of owning CORONGLRES CDIS101 security.