CosmoSteel Holdings (Germany) Market Value
| CMR Stock | EUR 0.06 0.0005 0.83% |
| Symbol | CosmoSteel |
CosmoSteel Holdings '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 CosmoSteel Holdings' 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 CosmoSteel Holdings.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in CosmoSteel Holdings on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding CosmoSteel Holdings Limited or generate 0.0% return on investment in CosmoSteel Holdings over 570 days. CosmoSteel Holdings is related to or competes with WATSCO INC, Indutrade, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. CosmoSteel Holdings Limited, an investment holding company, engages in sourcing and distributing piping system component... More
CosmoSteel Holdings 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 CosmoSteel Holdings' 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 CosmoSteel Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 5.74 |
CosmoSteel Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CosmoSteel Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CosmoSteel Holdings' standard deviation. In reality, there are many statistical measures that can use CosmoSteel Holdings historical prices to predict the future CosmoSteel Holdings' volatility.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | 0.0762 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.10) |
CosmoSteel Holdings Backtested Returns
CosmoSteel Holdings secures Sharpe Ratio (or Efficiency) of -0.0179, which signifies that the company had a -0.0179% return per unit of risk over the last 3 months. CosmoSteel Holdings Limited exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CosmoSteel Holdings' Risk Adjusted Performance of 0.0205, mean deviation of 1.5, and Downside Deviation of 2.96 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CosmoSteel Holdings are expected to decrease at a much lower rate. During the bear market, CosmoSteel Holdings is likely to outperform the market. At this point, CosmoSteel Holdings has a negative expected return of -0.0397%. Please make sure to confirm CosmoSteel Holdings' sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if CosmoSteel Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
CosmoSteel Holdings Limited has virtually no predictability. Overlapping area represents the amount of predictability between CosmoSteel Holdings time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 CosmoSteel Holdings price movement. The serial correlation of 0.03 indicates that only 3.0% of current CosmoSteel Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CosmoSteel Holdings lagged returns against current returns
Autocorrelation, which is CosmoSteel Holdings 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 CosmoSteel Holdings' stock expected returns. We can calculate the autocorrelation of CosmoSteel Holdings returns to help us make a trade decision. For example, suppose you find that CosmoSteel Holdings 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 |
CosmoSteel Holdings 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 CosmoSteel Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CosmoSteel Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CosmoSteel Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
CosmoSteel Holdings Lagged Returns
When evaluating CosmoSteel Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CosmoSteel Holdings stock have on its future price. CosmoSteel Holdings 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, CosmoSteel Holdings autocorrelation shows the relationship between CosmoSteel Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in CosmoSteel Holdings Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CosmoSteel Stock
CosmoSteel Holdings financial ratios help investors to determine whether CosmoSteel Stock 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 CosmoSteel with respect to the benefits of owning CosmoSteel Holdings security.