Cofina SGPS's market value is the price at which a share of Cofina SGPS trades on a public exchange. It measures the collective expectations of Cofina SGPS SA investors about its performance. Cofina SGPS is trading at 28.40 as of the 6th of January 2025. This is a 5.97% up since the beginning of the trading day. The stock's lowest day price was 28.4. With this module, you can estimate the performance of a buy and hold strategy of Cofina SGPS SA and determine expected loss or profit from investing in Cofina SGPS over a given investment horizon. Check out Cofina SGPS Correlation, Cofina SGPS Volatility and Cofina SGPS Alpha and Beta module to complement your research on Cofina SGPS.
Please note, there is a significant difference between Cofina SGPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cofina SGPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cofina SGPS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cofina SGPS '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 Cofina SGPS'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 Cofina SGPS.
0.00
12/07/2024
No Change 0.00
0.0
In 30 days
01/06/2025
0.00
If you would invest 0.00 in Cofina SGPS on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Cofina SGPS SA or generate 0.0% return on investment in Cofina SGPS over 30 days. Cofina SGPS is related to or competes with Pearson Plc, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Cofina, SGPS, S.A. engages in the publication of newspapers and magazines in Portugal More
Cofina SGPS 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 Cofina SGPS'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 Cofina SGPS SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofina SGPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofina SGPS's standard deviation. In reality, there are many statistical measures that can use Cofina SGPS historical prices to predict the future Cofina SGPS's volatility.
Cofina SGPS appears to be slightly risky, given 3 months investment horizon. Cofina SGPS SA secures Sharpe Ratio (or Efficiency) of 0.0603, which signifies that the company had a 0.0603% return per unit of standard deviation over the last 3 months. By analyzing Cofina SGPS's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Cofina SGPS's risk adjusted performance of 0.0554, and Mean Deviation of 4.11 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cofina SGPS holds a performance score of 4. The firm shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Cofina SGPS returns are very sensitive to returns on the market. As the market goes up or down, Cofina SGPS is expected to follow. Please check Cofina SGPS's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cofina SGPS's price patterns will revert.
Auto-correlation
-0.05
Very weak reverse predictability
Cofina SGPS SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Cofina SGPS time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cofina SGPS SA price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Cofina SGPS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.05
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
46.12
Cofina SGPS SA lagged returns against current returns
Autocorrelation, which is Cofina SGPS 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 Cofina SGPS's stock expected returns. We can calculate the autocorrelation of Cofina SGPS returns to help us make a trade decision. For example, suppose you find that Cofina SGPS 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
Cofina SGPS 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 Cofina SGPS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofina SGPS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofina SGPS stock over time.
Current vs Lagged Prices
Timeline
Cofina SGPS Lagged Returns
When evaluating Cofina SGPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofina SGPS stock have on its future price. Cofina SGPS 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, Cofina SGPS autocorrelation shows the relationship between Cofina SGPS stock current value and its past values and can show if there is a momentum factor associated with investing in Cofina SGPS SA.
Cofina SGPS financial ratios help investors to determine whether Cofina 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 Cofina with respect to the benefits of owning Cofina SGPS security.