Cots Technology (Korea) Market Value
| 448710 Stock | 19,500 180.00 0.93% |
| Symbol | Cots |
Cots Technology '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 Cots Technology'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 Cots Technology.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Cots Technology on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Cots Technology Co or generate 0.0% return on investment in Cots Technology over 90 days.
Cots Technology 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 Cots Technology'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 Cots Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.143 | |||
| Maximum Drawdown | 12.29 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 6.85 |
Cots Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cots Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cots Technology's standard deviation. In reality, there are many statistical measures that can use Cots Technology historical prices to predict the future Cots Technology's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.3882 | |||
| Total Risk Alpha | 0.739 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | (15.37) |
Cots Technology Backtested Returns
Cots Technology appears to be very steady, given 3 months investment horizon. Cots Technology secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19 % return per unit of risk over the last 3 months. By analyzing Cots Technology's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Cots Technology's Risk Adjusted Performance of 0.1118, downside deviation of 2.94, and Mean Deviation of 2.56 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cots Technology holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0254, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cots Technology are expected to decrease at a much lower rate. During the bear market, Cots Technology is likely to outperform the market. Please check Cots Technology's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Cots Technology's price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Cots Technology Co has average predictability. Overlapping area represents the amount of predictability between Cots Technology time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Cots Technology price movement. The serial correlation of 0.47 indicates that about 47.0% of current Cots Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 M |
Cots Technology lagged returns against current returns
Autocorrelation, which is Cots Technology 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 Cots Technology's stock expected returns. We can calculate the autocorrelation of Cots Technology returns to help us make a trade decision. For example, suppose you find that Cots Technology 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 |
Cots Technology 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 Cots Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cots Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cots Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Cots Technology Lagged Returns
When evaluating Cots Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cots Technology stock have on its future price. Cots Technology 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, Cots Technology autocorrelation shows the relationship between Cots Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cots Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Cots Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cots Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cots Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Cots Stock
| 0.85 | 051915 | LG Chem | PairCorr |
| 0.63 | 006400 | Samsung SDI | PairCorr |
| 0.37 | 051910 | LG Chemicals | PairCorr |
| 0.35 | 373220 | LG Energy Solution | PairCorr |
The ability to find closely correlated positions to Cots Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cots Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cots Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cots Technology Co to buy it.
The correlation of Cots Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cots Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cots Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cots Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.