Collins' market value is the price at which a share of Collins trades on a public exchange. It measures the collective expectations of Collins Co investors about its performance. Collins is selling for under 17.00 as of the 5th of January 2025; that is 0.58 percent decrease since the beginning of the trading day. The stock's lowest day price was 16.95. With this module, you can estimate the performance of a buy and hold strategy of Collins Co and determine expected loss or profit from investing in Collins over a given investment horizon. Check out Collins Correlation, Collins Volatility and Collins Alpha and Beta module to complement your research on Collins.
Please note, there is a significant difference between Collins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Collins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Collins' 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.
Collins '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 Collins' 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 Collins.
0.00
12/06/2024
No Change 0.00
0.0
In 31 days
01/05/2025
0.00
If you would invest 0.00 in Collins on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Collins Co or generate 0.0% return on investment in Collins over 30 days. Collins is related to or competes with Taiwan Tea, Far Eastern, First Hotel, Les Enphants, and Shin Shin. Collins Co., Ltd. exports sundry goods and garments to department stores, warehouse clubs, supermarkets, discounted stor... More
Collins 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 Collins' 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 Collins Co 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 Collins' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Collins' standard deviation. In reality, there are many statistical measures that can use Collins historical prices to predict the future Collins' volatility.
Collins secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Collins Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Collins' Risk Adjusted Performance of (0.16), mean deviation of 0.566, and Standard Deviation of 0.7416 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Collins' returns are expected to increase less than the market. However, during the bear market, the loss of holding Collins is expected to be smaller as well. At this point, Collins has a negative expected return of -0.12%. Please make sure to confirm Collins' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Collins performance from the past will be repeated at some point in the near future.
Auto-correlation
0.63
Good predictability
Collins Co has good predictability. Overlapping area represents the amount of predictability between Collins time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th 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 Collins price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Collins price fluctuation can be explain by its past prices.
Correlation Coefficient
0.63
Spearman Rank Test
0.22
Residual Average
0.0
Price Variance
0.06
Collins lagged returns against current returns
Autocorrelation, which is Collins 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 Collins' stock expected returns. We can calculate the autocorrelation of Collins returns to help us make a trade decision. For example, suppose you find that Collins 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
Collins 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 Collins stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Collins stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Collins stock over time.
Current vs Lagged Prices
Timeline
Collins Lagged Returns
When evaluating Collins' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Collins stock have on its future price. Collins 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, Collins autocorrelation shows the relationship between Collins stock current value and its past values and can show if there is a momentum factor associated with investing in Collins Co.
Regressed Prices
Timeline
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.
When running Collins' price analysis, check to measure Collins' 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 Collins is operating at the current time. Most of Collins' value examination focuses on studying past and present price action to predict the probability of Collins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Collins' price. Additionally, you may evaluate how the addition of Collins to your portfolios can decrease your overall portfolio volatility.