Cochlear Limited Stock Market Value
| CHEOF Stock | USD 219.20 2.60 1.20% |
| Symbol | Cochlear |
Cochlear '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 Cochlear's pink sheet 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 Cochlear.
| 04/22/2024 |
| 05/22/2024 |
If you would invest 0.00 in Cochlear on April 22, 2024 and sell it all today you would earn a total of 0.00 from holding Cochlear Limited or generate 0.0% return on investment in Cochlear over 30 days. Cochlear is related to or competes with Artivion, Anika Therapeutics, Sight Sciences, Orthofix Medical, Avanos Medical, Glaukos Corp, and Orthopediatrics Corp. Cochlear Limited provides implantable hearing solutions for children and adults worldwide More
Cochlear 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 Cochlear's pink sheet 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 Cochlear Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.65 |
Cochlear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cochlear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cochlear's standard deviation. In reality, there are many statistical measures that can use Cochlear historical prices to predict the future Cochlear's volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.0709 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cochlear's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cochlear Limited Backtested Returns
We consider Cochlear very steady. Cochlear Limited secures Sharpe Ratio (or Efficiency) of 0.0036, which signifies that the company had a 0.0036% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cochlear Limited, which you can use to evaluate the volatility of the firm. Please confirm Cochlear's mean deviation of 0.851, and Risk Adjusted Performance of 0.024 to double-check if the risk estimate we provide is consistent with the expected return of 0.0055%. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cochlear are expected to decrease at a much lower rate. During the bear market, Cochlear is likely to outperform the market. Cochlear Limited right now shows a risk of 1.51%. Please confirm Cochlear Limited potential upside, day median price, and the relationship between the sortino ratio and skewness , to decide if Cochlear Limited will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Cochlear Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cochlear time series from 22nd of April 2024 to 7th of May 2024 and 7th of May 2024 to 22nd of May 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 Cochlear Limited price movement. The serial correlation of -0.2 indicates that over 20.0% of current Cochlear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4.99 |
Cochlear Limited lagged returns against current returns
Autocorrelation, which is Cochlear pink sheet'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 Cochlear's pink sheet expected returns. We can calculate the autocorrelation of Cochlear returns to help us make a trade decision. For example, suppose you find that Cochlear has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cochlear 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 Cochlear pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cochlear pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cochlear pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cochlear Lagged Returns
When evaluating Cochlear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cochlear pink sheet have on its future price. Cochlear 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, Cochlear autocorrelation shows the relationship between Cochlear pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cochlear Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Cochlear Correlation, Cochlear Volatility and Cochlear Alpha and Beta module to complement your research on Cochlear. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Cochlear Pink Sheet analysis
When running Cochlear's price analysis, check to measure Cochlear'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 Cochlear is operating at the current time. Most of Cochlear's value examination focuses on studying past and present price action to predict the probability of Cochlear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cochlear's price. Additionally, you may evaluate how the addition of Cochlear to your portfolios can decrease your overall portfolio volatility.
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Cochlear technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.