COSMO FIRST (India) Market Value
| COSMOFIRST | 776.25 6.50 0.84% |
| Symbol | COSMO |
COSMO FIRST '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 FIRST'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 COSMO FIRST.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in COSMO FIRST on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding COSMO FIRST LIMITED or generate 0.0% return on investment in COSMO FIRST over 30 days. COSMO FIRST is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. COSMO FIRST is entity of India. It is traded as Stock on NSE exchange. More
COSMO FIRST 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 FIRST'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 COSMO FIRST LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 3.0 |
COSMO FIRST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COSMO FIRST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSMO FIRST's standard deviation. In reality, there are many statistical measures that can use COSMO FIRST historical prices to predict the future COSMO FIRST's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (9.83) |
COSMO FIRST LIMITED Backtested Returns
COSMO FIRST is very steady at the moment. COSMO FIRST LIMITED secures Sharpe Ratio (or Efficiency) of 0.0054, which signifies that the company had a 0.0054% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for COSMO FIRST LIMITED, which you can use to evaluate the volatility of the firm. Please confirm COSMO FIRST's mean deviation of 1.62, and Risk Adjusted Performance of (0.05) to double-check if the risk estimate we provide is consistent with the expected return of 0.0106%. The firm shows a Beta (market volatility) of 0.0174, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COSMO FIRST's returns are expected to increase less than the market. However, during the bear market, the loss of holding COSMO FIRST is expected to be smaller as well. COSMO FIRST LIMITED currently shows a risk of 1.97%. Please confirm COSMO FIRST LIMITED treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if COSMO FIRST LIMITED will be following its price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
COSMO FIRST LIMITED has very weak reverse predictability. Overlapping area represents the amount of predictability between COSMO FIRST time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 FIRST LIMITED price movement. The serial correlation of -0.02 indicates that only 2.0% of current COSMO FIRST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 266.32 |
COSMO FIRST LIMITED lagged returns against current returns
Autocorrelation, which is COSMO FIRST 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 FIRST's stock expected returns. We can calculate the autocorrelation of COSMO FIRST returns to help us make a trade decision. For example, suppose you find that COSMO FIRST 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 FIRST 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 FIRST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSMO FIRST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSMO FIRST stock over time.
Current vs Lagged Prices |
| Timeline |
COSMO FIRST Lagged Returns
When evaluating COSMO FIRST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSMO FIRST stock have on its future price. COSMO FIRST 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 FIRST autocorrelation shows the relationship between COSMO FIRST stock current value and its past values and can show if there is a momentum factor associated with investing in COSMO FIRST LIMITED.
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.Other Information on Investing in COSMO Stock
COSMO FIRST financial ratios help investors to determine whether COSMO 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 COSMO with respect to the benefits of owning COSMO FIRST security.