COL Digital (China) Market Value
| 300364 Stock | 30.38 0.46 1.54% |
| Symbol | COL |
COL Digital '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 COL Digital'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 COL Digital.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in COL Digital on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding COL Digital Publishing or generate 0.0% return on investment in COL Digital over 90 days. COL Digital is related to or competes with Gansu Jiu, Ming Yang, Aba Chemicals, Loctek Ergonomic, Queclink Wireless, Changchun Faway, and Shandong Ruifeng. COL Digital is entity of China. It is traded as Stock on SHE exchange. More
COL Digital 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 COL Digital'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 COL Digital Publishing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.82 | |||
| Information Ratio | 0.1383 | |||
| Maximum Drawdown | 34.75 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 9.53 |
COL Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COL Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COL Digital's standard deviation. In reality, there are many statistical measures that can use COL Digital historical prices to predict the future COL Digital's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1735 | |||
| Treynor Ratio | (1.57) |
COL Digital Publishing Backtested Returns
COL Digital is not too volatile given 3 months investment horizon. COL Digital Publishing secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of return volatility over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use COL Digital Risk Adjusted Performance of 0.1318, mean deviation of 4.17, and Semi Deviation of 4.37 to evaluate company specific risk that cannot be diversified away. COL Digital holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning COL Digital are expected to decrease at a much lower rate. During the bear market, COL Digital is likely to outperform the market. Use COL Digital coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on COL Digital.
Auto-correlation | -0.29 |
Weak reverse predictability
COL Digital Publishing has weak reverse predictability. Overlapping area represents the amount of predictability between COL Digital time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 COL Digital Publishing price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current COL Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 4.54 |
COL Digital Publishing lagged returns against current returns
Autocorrelation, which is COL Digital 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 COL Digital's stock expected returns. We can calculate the autocorrelation of COL Digital returns to help us make a trade decision. For example, suppose you find that COL Digital 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 |
COL Digital 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 COL Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COL Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COL Digital stock over time.
Current vs Lagged Prices |
| Timeline |
COL Digital Lagged Returns
When evaluating COL Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COL Digital stock have on its future price. COL Digital 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, COL Digital autocorrelation shows the relationship between COL Digital stock current value and its past values and can show if there is a momentum factor associated with investing in COL Digital Publishing.
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.Other Information on Investing in COL Stock
COL Digital financial ratios help investors to determine whether COL 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 COL with respect to the benefits of owning COL Digital security.