Cofina SGPS (Germany) Market Value
| 112 Stock | EUR 26.80 11.45 74.59% |
| Symbol | Cofina |
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.
| 12/04/2024 |
| 01/03/2025 |
If you would invest 0.00 in Cofina SGPS on December 4, 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 Zoom Video, Cogent Communications, GREENX METALS, Calibre Mining, Perseus Mining, Zijin Mining, and Cairo Communication. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 60.74 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 6.25 |
Cofina SGPS Market Risk Indicators
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.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (2.08) |
Cofina SGPS SA Backtested Returns
Cofina SGPS SA secures Sharpe Ratio (or Efficiency) of -0.0808, which signifies that the company had a -0.0808% return per unit of standard deviation over the last 3 months. Cofina SGPS SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cofina SGPS's risk adjusted performance of (0.06), and Mean Deviation of 2.99 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cofina SGPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofina SGPS is expected to be smaller as well. At this point, Cofina SGPS SA has a negative expected return of -0.6%. Please make sure to confirm Cofina SGPS's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Cofina SGPS SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Cofina SGPS SA has average predictability. Overlapping area represents the amount of predictability between Cofina SGPS time series from 4th of December 2024 to 19th of December 2024 and 19th of December 2024 to 3rd 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 0.41 indicates that just about 41.0% of current Cofina SGPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 53.43 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cofina Stock
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.