Cochlear (Australia) Market Value
| COH Stock | 262.28 1.37 0.53% |
| Symbol | Cochlear |
Cochlear '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 Cochlear'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 Cochlear.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Cochlear on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Cochlear or generate 0.0% return on investment in Cochlear over 90 days. Cochlear is related to or competes with Healthco Healthcare, Oceania Healthcare, Qbe Insurance, Kip McGrath, and Apiam Animal. More
Cochlear 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 Cochlear'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 Cochlear upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.87 |
Cochlear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cochlear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cochlear's standard deviation. In reality, there are many statistical measures that can use Cochlear historical prices to predict the future Cochlear's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.1233 | |||
| Treynor Ratio | 0.6398 |
Cochlear Backtested Returns
Cochlear secures Sharpe Ratio (or Efficiency) of -0.0672, which signifies that the company had a -0.0672 % return per unit of standard deviation over the last 3 months. Cochlear exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cochlear's mean deviation of 1.33, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cochlear are expected to decrease at a much lower rate. During the bear market, Cochlear is likely to outperform the market. At this point, Cochlear has a negative expected return of -0.15%. Please make sure to confirm Cochlear's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Cochlear performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Cochlear has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cochlear time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Cochlear price movement. The serial correlation of -0.79 indicates that around 79.0% of current Cochlear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 494.13 |
Cochlear lagged returns against current returns
Autocorrelation, which is Cochlear 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 Cochlear's stock expected returns. We can calculate the autocorrelation of Cochlear returns to help us make a trade decision. For example, suppose you find that Cochlear 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 |
Cochlear 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 Cochlear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cochlear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cochlear stock over time.
Current vs Lagged Prices |
| Timeline |
Cochlear Lagged Returns
When evaluating Cochlear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cochlear stock have on its future price. Cochlear 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, Cochlear autocorrelation shows the relationship between Cochlear stock current value and its past values and can show if there is a momentum factor associated with investing in Cochlear.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cochlear Stock Analysis
When running Cochlear's price analysis, check to measure Cochlear'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 Cochlear is operating at the current time. Most of Cochlear's value examination focuses on studying past and present price action to predict the probability of Cochlear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cochlear's price. Additionally, you may evaluate how the addition of Cochlear to your portfolios can decrease your overall portfolio volatility.