COSMO Pharmaceuticals (Switzerland) Market Value
| COPN Stock | CHF 61.30 0.80 1.32% |
| Symbol | COSMO |
COSMO Pharmaceuticals '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 Pharmaceuticals' 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 Pharmaceuticals.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in COSMO Pharmaceuticals on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding COSMO Pharmaceuticals SA or generate 0.0% return on investment in COSMO Pharmaceuticals over 30 days. COSMO Pharmaceuticals is related to or competes with Basilea Pharmaceutica, Newron Pharmaceuticals, Santhera Pharmaceuticals, and Evolva Holding. Cosmo Pharmaceuticals N.V., a specialty pharmaceutical company, develops, manufactures, and distributes products for gas... More
COSMO Pharmaceuticals 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 Pharmaceuticals' 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 Pharmaceuticals SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.45 |
COSMO Pharmaceuticals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COSMO Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSMO Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use COSMO Pharmaceuticals historical prices to predict the future COSMO Pharmaceuticals' volatility.| Risk Adjusted Performance | (0.31) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.67) |
COSMO Pharmaceuticals Backtested Returns
COSMO Pharmaceuticals secures Sharpe Ratio (or Efficiency) of -0.39, which signifies that the company had a -0.39% return per unit of volatility over the last 3 months. COSMO Pharmaceuticals SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COSMO Pharmaceuticals' risk adjusted performance of (0.31), and Mean Deviation of 0.7795 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COSMO Pharmaceuticals' returns are expected to increase less than the market. However, during the bear market, the loss of holding COSMO Pharmaceuticals is expected to be smaller as well. At this point, COSMO Pharmaceuticals has a negative expected return of -0.38%. Please make sure to confirm COSMO Pharmaceuticals' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if COSMO Pharmaceuticals performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
COSMO Pharmaceuticals SA has good predictability. Overlapping area represents the amount of predictability between COSMO Pharmaceuticals time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 COSMO Pharmaceuticals price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current COSMO Pharmaceuticals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
COSMO Pharmaceuticals lagged returns against current returns
Autocorrelation, which is COSMO Pharmaceuticals 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 Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of COSMO Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that COSMO Pharmaceuticals 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 Pharmaceuticals 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 Pharmaceuticals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSMO Pharmaceuticals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSMO Pharmaceuticals stock over time.
Current vs Lagged Prices |
| Timeline |
COSMO Pharmaceuticals Lagged Returns
When evaluating COSMO Pharmaceuticals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSMO Pharmaceuticals stock have on its future price. COSMO Pharmaceuticals 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 Pharmaceuticals autocorrelation shows the relationship between COSMO Pharmaceuticals stock current value and its past values and can show if there is a momentum factor associated with investing in COSMO Pharmaceuticals SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for COSMO Stock Analysis
When running COSMO Pharmaceuticals' price analysis, check to measure COSMO Pharmaceuticals' 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 Pharmaceuticals is operating at the current time. Most of COSMO Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of COSMO Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COSMO Pharmaceuticals' price. Additionally, you may evaluate how the addition of COSMO Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.