Cosmo Metals (Australia) Market Value
| CMO Stock | 0.02 0.00 0.00% |
| Symbol | Cosmo |
Cosmo Metals '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 Cosmo Metals' 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 Cosmo Metals.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Cosmo Metals on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Cosmo Metals or generate 0.0% return on investment in Cosmo Metals over 60 days. Cosmo Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, De Grey, Sandfire Resources, and Perseus Mining. Cosmo Metals is entity of Australia. It is traded as Stock on AU exchange. More
Cosmo Metals 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 Cosmo Metals' 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 Cosmo Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 33.93 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 5.56 |
Cosmo Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cosmo Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cosmo Metals' standard deviation. In reality, there are many statistical measures that can use Cosmo Metals historical prices to predict the future Cosmo Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.27) |
Cosmo Metals Backtested Returns
Cosmo Metals secures Sharpe Ratio (or Efficiency) of -0.0279, which signifies that the company had a -0.0279% return per unit of risk over the last 3 months. Cosmo Metals exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cosmo Metals' Mean Deviation of 2.16, standard deviation of 4.84, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Cosmo Metals returns are very sensitive to returns on the market. As the market goes up or down, Cosmo Metals is expected to follow. At this point, Cosmo Metals has a negative expected return of -0.14%. Please make sure to confirm Cosmo Metals' potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Cosmo Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Cosmo Metals has excellent predictability. Overlapping area represents the amount of predictability between Cosmo Metals time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Cosmo Metals price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Cosmo Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cosmo Metals lagged returns against current returns
Autocorrelation, which is Cosmo Metals 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 Cosmo Metals' stock expected returns. We can calculate the autocorrelation of Cosmo Metals returns to help us make a trade decision. For example, suppose you find that Cosmo Metals 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 |
Cosmo Metals 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 Cosmo Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cosmo Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cosmo Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Cosmo Metals Lagged Returns
When evaluating Cosmo Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cosmo Metals stock have on its future price. Cosmo Metals 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, Cosmo Metals autocorrelation shows the relationship between Cosmo Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Cosmo Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cosmo Stock Analysis
When running Cosmo Metals' price analysis, check to measure Cosmo Metals' 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 Cosmo Metals is operating at the current time. Most of Cosmo Metals' value examination focuses on studying past and present price action to predict the probability of Cosmo Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cosmo Metals' price. Additionally, you may evaluate how the addition of Cosmo Metals to your portfolios can decrease your overall portfolio volatility.