Coloplast As Stock Market Value
| CLPBF Stock | USD 128.57 7.42 6.12% |
| Symbol | Coloplast |
Coloplast A/S '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 Coloplast A/S's pink sheet 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 Coloplast A/S.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Coloplast A/S on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Coloplast AS or generate 0.0% return on investment in Coloplast A/S over 30 days. Coloplast A/S is related to or competes with Sysmex Corp, Straumann Holding, Essilor International, EssilorLuxottica, Carl Zeiss, Hoya Corp, and Becton Dickinson. Coloplast AS engages in the development and sale of intimate healthcare products and services in Denmark, the United Sta... More
Coloplast A/S 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 Coloplast A/S's pink sheet 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 Coloplast AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.72 |
Coloplast A/S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coloplast A/S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coloplast A/S's standard deviation. In reality, there are many statistical measures that can use Coloplast A/S historical prices to predict the future Coloplast A/S's volatility.| Risk Adjusted Performance | 0.0115 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0186 |
Coloplast A/S Backtested Returns
At this point, Coloplast A/S is very steady. Coloplast A/S secures Sharpe Ratio (or Efficiency) of 0.0081, which signifies that the company had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Coloplast AS, which you can use to evaluate the volatility of the firm. Please confirm Coloplast A/S's Risk Adjusted Performance of 0.0115, mean deviation of 0.7408, and Downside Deviation of 2.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.0136%. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coloplast A/S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coloplast A/S is expected to be smaller as well. Coloplast A/S right now shows a risk of 1.68%. Please confirm Coloplast A/S jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Coloplast A/S will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Coloplast AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Coloplast A/S time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Coloplast A/S price movement. The serial correlation of -0.2 indicates that over 20.0% of current Coloplast A/S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 12.98 |
Coloplast A/S lagged returns against current returns
Autocorrelation, which is Coloplast A/S pink sheet'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 Coloplast A/S's pink sheet expected returns. We can calculate the autocorrelation of Coloplast A/S returns to help us make a trade decision. For example, suppose you find that Coloplast A/S has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Coloplast A/S 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 Coloplast A/S pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coloplast A/S pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coloplast A/S pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Coloplast A/S Lagged Returns
When evaluating Coloplast A/S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coloplast A/S pink sheet have on its future price. Coloplast A/S 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, Coloplast A/S autocorrelation shows the relationship between Coloplast A/S pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Coloplast AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Coloplast Pink Sheet
Coloplast A/S financial ratios help investors to determine whether Coloplast Pink Sheet 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 Coloplast with respect to the benefits of owning Coloplast A/S security.