COGNA EDUCACAO (Germany) Market Value
| KE0A Stock | EUR 0.18 0.02 10.00% |
| Symbol | COGNA |
COGNA EDUCACAO '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 COGNA EDUCACAO'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 COGNA EDUCACAO.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in COGNA EDUCACAO on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding COGNA EDUCACAO SPADR or generate 0.0% return on investment in COGNA EDUCACAO over 30 days. COGNA EDUCACAO is related to or competes with Strategic Education, and . Cogna Educao S.A. operates as a private educational organization in Brazil and internationally More
COGNA EDUCACAO 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 COGNA EDUCACAO'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 COGNA EDUCACAO SPADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.17 | |||
| Information Ratio | 0.0345 | |||
| Maximum Drawdown | 68.57 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 17.65 |
COGNA EDUCACAO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COGNA EDUCACAO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COGNA EDUCACAO's standard deviation. In reality, there are many statistical measures that can use COGNA EDUCACAO historical prices to predict the future COGNA EDUCACAO's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.2979 | |||
| Total Risk Alpha | (1.17) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | 0.2837 |
COGNA EDUCACAO SPADR Backtested Returns
COGNA EDUCACAO appears to be out of control, given 3 months investment horizon. COGNA EDUCACAO SPADR secures Sharpe Ratio (or Efficiency) of 0.0389, which signifies that the company had a 0.0389% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for COGNA EDUCACAO SPADR, which you can use to evaluate the volatility of the firm. Please makes use of COGNA EDUCACAO's Mean Deviation of 7.24, semi deviation of 8.47, and Risk Adjusted Performance of 0.0442 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, COGNA EDUCACAO holds a performance score of 3. The firm shows a Beta (market volatility) of 1.76, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, COGNA EDUCACAO will likely underperform. Please check COGNA EDUCACAO's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether COGNA EDUCACAO's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
COGNA EDUCACAO SPADR has good reverse predictability. Overlapping area represents the amount of predictability between COGNA EDUCACAO time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 COGNA EDUCACAO SPADR price movement. The serial correlation of -0.51 indicates that about 51.0% of current COGNA EDUCACAO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COGNA EDUCACAO SPADR lagged returns against current returns
Autocorrelation, which is COGNA EDUCACAO 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 COGNA EDUCACAO's stock expected returns. We can calculate the autocorrelation of COGNA EDUCACAO returns to help us make a trade decision. For example, suppose you find that COGNA EDUCACAO 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 |
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COGNA EDUCACAO 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 COGNA EDUCACAO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COGNA EDUCACAO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COGNA EDUCACAO stock over time.
Current vs Lagged Prices |
| Timeline |
COGNA EDUCACAO Lagged Returns
When evaluating COGNA EDUCACAO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COGNA EDUCACAO stock have on its future price. COGNA EDUCACAO 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, COGNA EDUCACAO autocorrelation shows the relationship between COGNA EDUCACAO stock current value and its past values and can show if there is a momentum factor associated with investing in COGNA EDUCACAO SPADR.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in COGNA Stock
COGNA EDUCACAO financial ratios help investors to determine whether COGNA 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 COGNA with respect to the benefits of owning COGNA EDUCACAO security.