Cognizant Technology (Mexico) Market Value
| CTSH Stock | MXN 1,400 0.00 0.00% |
| Symbol | Cognizant |
Cognizant Technology '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 Cognizant Technology'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 Cognizant Technology.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Cognizant Technology on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Cognizant Technology Solutions or generate 0.0% return on investment in Cognizant Technology over 90 days. Cognizant Technology is related to or competes with McEwen Mining, Verizon Communications, Air Transport, CVS Health, New Oriental, GMxico Transportes, and Monster Beverage. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and out... More
Cognizant Technology 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 Cognizant Technology'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 Cognizant Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 1.91 | |||
| Maximum Drawdown | 0.4506 |
Cognizant Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognizant Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognizant Technology's standard deviation. In reality, there are many statistical measures that can use Cognizant Technology historical prices to predict the future Cognizant Technology's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0038 | |||
| Treynor Ratio | (1.32) |
Cognizant Technology Backtested Returns
At this stage we consider Cognizant Stock to be very steady. Cognizant Technology secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Cognizant Technology Solutions, which you can use to evaluate the volatility of the firm. Please confirm Cognizant Technology's Mean Deviation of 0.0134, standard deviation of 0.0555, and Risk Adjusted Performance of (0.04) to double-check if the risk estimate we provide is consistent with the expected return of 0.0074%. Cognizant Technology has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0024, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cognizant Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cognizant Technology is expected to be smaller as well. Cognizant Technology right now shows a risk of 0.0577%. Please confirm Cognizant Technology coefficient of variation, variance, treynor ratio, as well as the relationship between the standard deviation and information ratio , to decide if Cognizant Technology will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Cognizant Technology Solutions has no correlation between past and present. Overlapping area represents the amount of predictability between Cognizant Technology time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Cognizant Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 8.76 |
Cognizant Technology lagged returns against current returns
Autocorrelation, which is Cognizant Technology 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 Cognizant Technology's stock expected returns. We can calculate the autocorrelation of Cognizant Technology returns to help us make a trade decision. For example, suppose you find that Cognizant Technology 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 |
Cognizant Technology 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 Cognizant Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognizant Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognizant Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Cognizant Technology Lagged Returns
When evaluating Cognizant Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognizant Technology stock have on its future price. Cognizant Technology 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, Cognizant Technology autocorrelation shows the relationship between Cognizant Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cognizant Technology Solutions.
Regressed Prices |
| Timeline |
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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 Cognizant Stock Analysis
When running Cognizant Technology's price analysis, check to measure Cognizant Technology'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 Cognizant Technology is operating at the current time. Most of Cognizant Technology's value examination focuses on studying past and present price action to predict the probability of Cognizant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognizant Technology's price. Additionally, you may evaluate how the addition of Cognizant Technology to your portfolios can decrease your overall portfolio volatility.