Cofina SGPS (Portugal) Market Value
| CFN Stock | EUR 0.65 0.01 1.52% |
| Symbol | Cofina |
Cofina SGPS '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 Cofina SGPS'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 Cofina SGPS.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Cofina SGPS on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Cofina SGPS or generate 0.0% return on investment in Cofina SGPS over 720 days. Cofina SGPS is related to or competes with Mota Engil, Altri SGPS, Sonae SGPS, Impresa Sociedade, and Martifer SGPS. Cofina, SGPS, S.A. engages in the publication of newspapers and magazines in Portugal More
Cofina SGPS 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 Cofina SGPS'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 Cofina SGPS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0412 | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.92 |
Cofina SGPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofina SGPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofina SGPS's standard deviation. In reality, there are many statistical measures that can use Cofina SGPS historical prices to predict the future Cofina SGPS's volatility.| Risk Adjusted Performance | 0.066 | |||
| Jensen Alpha | 0.1625 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | 0.5674 |
Cofina SGPS Backtested Returns
Currently, Cofina SGPS is dangerous. Cofina SGPS secures Sharpe Ratio (or Efficiency) of 0.0722, which signifies that the company had a 0.0722% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cofina SGPS, which you can use to evaluate the volatility of the firm. Please confirm Cofina SGPS's risk adjusted performance of 0.066, and Mean Deviation of 1.8 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Cofina SGPS has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cofina SGPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofina SGPS is expected to be smaller as well. Cofina SGPS right now shows a risk of 2.48%. Please confirm Cofina SGPS downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Cofina SGPS will be following its price patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
Cofina SGPS has excellent reverse predictability. Overlapping area represents the amount of predictability between Cofina SGPS time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Cofina SGPS price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Cofina SGPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Cofina SGPS lagged returns against current returns
Autocorrelation, which is Cofina SGPS 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 Cofina SGPS's stock expected returns. We can calculate the autocorrelation of Cofina SGPS returns to help us make a trade decision. For example, suppose you find that Cofina SGPS 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 |
Cofina SGPS 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 Cofina SGPS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofina SGPS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofina SGPS stock over time.
Current vs Lagged Prices |
| Timeline |
Cofina SGPS Lagged Returns
When evaluating Cofina SGPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofina SGPS stock have on its future price. Cofina SGPS 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, Cofina SGPS autocorrelation shows the relationship between Cofina SGPS stock current value and its past values and can show if there is a momentum factor associated with investing in Cofina SGPS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cofina Stock Analysis
When running Cofina SGPS's price analysis, check to measure Cofina SGPS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cofina SGPS is operating at the current time. Most of Cofina SGPS's value examination focuses on studying past and present price action to predict the probability of Cofina SGPS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cofina SGPS's price. Additionally, you may evaluate how the addition of Cofina SGPS to your portfolios can decrease your overall portfolio volatility.