Coloplast (Denmark) Market Value
| COLO-B Stock | DKK 726.40 0.80 0.11% |
| Symbol | Coloplast |
Coloplast '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'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 Coloplast.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Coloplast on December 19, 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 over 90 days. Coloplast is related to or competes with DSV Panalpina, GN Store, and Ambu AS. Coloplast AS develops and markets intimate healthcare products and services worldwide More
Coloplast 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'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 Coloplast AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 1.05 |
Coloplast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coloplast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coloplast's standard deviation. In reality, there are many statistical measures that can use Coloplast historical prices to predict the future Coloplast's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.38) |
Coloplast AS Backtested Returns
Coloplast AS secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Coloplast AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coloplast's Mean Deviation of 0.8158, standard deviation of 1.13, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coloplast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coloplast is expected to be smaller as well. At this point, Coloplast AS has a negative expected return of -0.14%. Please make sure to confirm Coloplast's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Coloplast AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Coloplast AS has excellent reverse predictability. Overlapping area represents the amount of predictability between Coloplast time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Coloplast AS price movement. The serial correlation of -0.83 indicates that around 83.0% of current Coloplast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 566.06 |
Coloplast AS lagged returns against current returns
Autocorrelation, which is Coloplast 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 Coloplast's stock expected returns. We can calculate the autocorrelation of Coloplast returns to help us make a trade decision. For example, suppose you find that Coloplast 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 |
Coloplast 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coloplast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coloplast stock over time.
Current vs Lagged Prices |
| Timeline |
Coloplast Lagged Returns
When evaluating Coloplast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coloplast stock have on its future price. Coloplast 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 autocorrelation shows the relationship between Coloplast stock current value and its past values and can show if there is a momentum factor associated with investing in Coloplast AS.
Regressed Prices |
| Timeline |
Other Information on Investing in Coloplast Stock
Coloplast financial ratios help investors to determine whether Coloplast 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 Coloplast with respect to the benefits of owning Coloplast security.