Cowell Development (Indonesia) Market Value

Symbol

Cowell

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 Cowell Development'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 Cowell Development.

Cowell Development Upside/Downside Indicators

Cowell Development Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cowell Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cowell Development's standard deviation. In reality, there are many statistical measures that can use Cowell Development historical prices to predict the future Cowell Development's volatility.

Autocorrelation, which is Cowell Development 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 Cowell Development's stock expected returns. We can calculate the autocorrelation of Cowell Development returns to help us make a trade decision. For example, suppose you find that Cowell Development 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cowell Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cowell Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cowell Development stock over time.

When evaluating Cowell Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cowell Development stock have on its future price. Cowell Development 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, Cowell Development autocorrelation shows the relationship between Cowell Development stock current value and its past values and can show if there is a momentum factor associated with investing in Cowell Development Tbk.

Cowell Development financial ratios help investors to determine whether Cowell 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 Cowell with respect to the benefits of owning Cowell Development security.