Cofoe Medical (China) Market Value
| 301087 Stock | 37.78 0.44 1.18% |
| Symbol | Cofoe |
Cofoe Medical '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 Cofoe Medical'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 Cofoe Medical.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Cofoe Medical on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Cofoe Medical Technology or generate 0.0% return on investment in Cofoe Medical over 210 days. Cofoe Medical is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Cofoe Medical is entity of China. It is traded as Stock on SHE exchange. More
Cofoe Medical 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 Cofoe Medical'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 Cofoe Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0707 | |||
| Maximum Drawdown | 22.97 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 7.46 |
Cofoe Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofoe Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofoe Medical's standard deviation. In reality, there are many statistical measures that can use Cofoe Medical historical prices to predict the future Cofoe Medical's volatility.| Risk Adjusted Performance | 0.0931 | |||
| Jensen Alpha | 0.3586 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | 7.39 |
Cofoe Medical Technology Backtested Returns
Cofoe Medical appears to be very steady, given 3 months investment horizon. Cofoe Medical Technology secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cofoe Medical Technology, which you can use to evaluate the volatility of the firm. Please makes use of Cofoe Medical's risk adjusted performance of 0.0931, and Mean Deviation of 2.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cofoe Medical holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0494, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cofoe Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofoe Medical is expected to be smaller as well. Please check Cofoe Medical's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cofoe Medical's price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Cofoe Medical Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cofoe Medical time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Cofoe Medical Technology price movement. The serial correlation of -0.74 indicates that around 74.0% of current Cofoe Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 14.95 |
Cofoe Medical Technology lagged returns against current returns
Autocorrelation, which is Cofoe Medical 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 Cofoe Medical's stock expected returns. We can calculate the autocorrelation of Cofoe Medical returns to help us make a trade decision. For example, suppose you find that Cofoe Medical 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 |
Cofoe Medical 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 Cofoe Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofoe Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofoe Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Cofoe Medical Lagged Returns
When evaluating Cofoe Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofoe Medical stock have on its future price. Cofoe Medical 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, Cofoe Medical autocorrelation shows the relationship between Cofoe Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Cofoe Medical Technology.
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 Cofoe Stock
Cofoe Medical financial ratios help investors to determine whether Cofoe 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 Cofoe with respect to the benefits of owning Cofoe Medical security.