Corteva (Germany) Market Value
| 2X0 Stock | EUR 59.00 0.45 0.77% |
| Symbol | Corteva |
Corteva '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 Corteva'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 Corteva.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Corteva on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Corteva or generate 0.0% return on investment in Corteva over 30 days. Corteva is related to or competes with Cass Information, Public Storage, PUBLIC STORAGE, Datang International, DATANG INTL, and Hyrican Informationssyst. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms More
Corteva 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 Corteva'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 Corteva upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 17.8 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 5.14 |
Corteva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corteva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corteva's standard deviation. In reality, there are many statistical measures that can use Corteva historical prices to predict the future Corteva's volatility.| Risk Adjusted Performance | 0.0862 | |||
| Jensen Alpha | 0.349 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0602 | |||
| Treynor Ratio | (0.49) |
Corteva Backtested Returns
Corteva appears to be very steady, given 3 months investment horizon. Corteva secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Corteva, which you can use to evaluate the volatility of the firm. Please makes use of Corteva's Mean Deviation of 1.98, downside deviation of 3.08, and Risk Adjusted Performance of 0.0862 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Corteva holds a performance score of 9. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Corteva are expected to decrease at a much lower rate. During the bear market, Corteva is likely to outperform the market. Please check Corteva's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Corteva's price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Corteva has modest reverse predictability. Overlapping area represents the amount of predictability between Corteva time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Corteva price movement. The serial correlation of -0.46 indicates that about 46.0% of current Corteva price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 4.17 |
Corteva lagged returns against current returns
Autocorrelation, which is Corteva 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 Corteva's stock expected returns. We can calculate the autocorrelation of Corteva returns to help us make a trade decision. For example, suppose you find that Corteva 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 |
Corteva 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 Corteva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corteva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corteva stock over time.
Current vs Lagged Prices |
| Timeline |
Corteva Lagged Returns
When evaluating Corteva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corteva stock have on its future price. Corteva 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, Corteva autocorrelation shows the relationship between Corteva stock current value and its past values and can show if there is a momentum factor associated with investing in Corteva.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Corteva Stock
When determining whether Corteva offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corteva's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Corteva Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corteva Stock:Check out Corteva Correlation, Corteva Volatility and Corteva Alpha and Beta module to complement your research on Corteva. For more detail on how to invest in Corteva Stock please use our How to Invest in Corteva guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Corteva technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.