Corteva (Brazil) Market Value
| C1TV34 Stock | BRL 90.99 0.00 0.00% |
| 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.
| 10/27/2024 |
| 12/26/2024 |
If you would invest 0.00 in Corteva on October 27, 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 60 days. Corteva is related to or competes with Southwest Airlines, MAHLE Metal, Apartment Investment, Autohome, Align Technology, and Verizon Communications. 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 | 1.92 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 3.89 |
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 | 0.1151 | |||
| Jensen Alpha | 0.1987 | |||
| Total Risk Alpha | 0.1362 | |||
| Sortino Ratio | 0.088 | |||
| Treynor Ratio | 1.5 |
Corteva Backtested Returns
Corteva appears to be very steady, given 3 months investment horizon. Corteva secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Corteva, which you can use to evaluate the volatility of the firm. Please makes use of Corteva's Mean Deviation of 0.9156, downside deviation of 1.92, and Risk Adjusted Performance of 0.1151 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 11. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Corteva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corteva is expected to be smaller as well. Please check Corteva's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Corteva's price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Corteva has poor predictability. Overlapping area represents the amount of predictability between Corteva time series from 27th of October 2024 to 26th of November 2024 and 26th of November 2024 to 26th 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 0.26 indicates that nearly 26.0% of current Corteva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
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 |
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.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 information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.