Coles Group Stock Market Value
| CLEGF Stock | USD 8.57 0.00 0.00% |
| Symbol | Coles |
Coles '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 Coles' 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 Coles.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Coles on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Coles Group or generate 0.0% return on investment in Coles over 720 days. Coles is related to or competes with Village Super, and Albertsons Companies. It operates through Supermarkets, Liquor, and Express segments More
Coles 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 Coles' 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 Coles Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.73 |
Coles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coles' standard deviation. In reality, there are many statistical measures that can use Coles historical prices to predict the future Coles' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 3.7 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Coles' 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.
Coles Group Backtested Returns
We consider Coles very steady. Coles Group secures Sharpe Ratio (or Efficiency) of 0.0038, which signifies that the company had a 0.0038% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Coles Group, which you can use to evaluate the volatility of the firm. Please confirm Coles' Standard Deviation of 1.96, mean deviation of 0.5602, and Risk Adjusted Performance of (0.06) to double-check if the risk estimate we provide is consistent with the expected return of 0.003%. The firm shows a Beta (market volatility) of -0.0623, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Coles are expected to decrease at a much lower rate. During the bear market, Coles is likely to outperform the market. Coles Group right now shows a risk of 0.78%. Please confirm Coles Group jensen alpha, as well as the relationship between the kurtosis and day typical price , to decide if Coles Group will be following its price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Coles Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Coles time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Coles Group price movement. The serial correlation of -0.18 indicates that over 18.0% of current Coles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
Coles Group lagged returns against current returns
Autocorrelation, which is Coles 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 Coles' pink sheet expected returns. We can calculate the autocorrelation of Coles returns to help us make a trade decision. For example, suppose you find that Coles 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 |
Coles 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 Coles pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coles pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coles pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Coles Lagged Returns
When evaluating Coles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coles pink sheet have on its future price. Coles 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, Coles autocorrelation shows the relationship between Coles pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Coles Group.
Regressed Prices |
| Timeline |
Pair Trading with Coles
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coles position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coles will appreciate offsetting losses from the drop in the long position's value.Moving against Coles Pink Sheet
| 0.79 | BIMT | Bitmis Corp | PairCorr |
| 0.48 | SVNDY | Seven i Holdings | PairCorr |
| 0.42 | NNAX | New Momentum | PairCorr |
The ability to find closely correlated positions to Coles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coles when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coles - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coles Group to buy it.
The correlation of Coles is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coles Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coles can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Coles Correlation, Coles Volatility and Coles Alpha and Beta module to complement your research on Coles. Note that the Coles Group information on this page should be used as a complementary analysis to other Coles' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Coles Pink Sheet analysis
When running Coles' price analysis, check to measure Coles' 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 Coles is operating at the current time. Most of Coles' value examination focuses on studying past and present price action to predict the probability of Coles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coles' price. Additionally, you may evaluate how the addition of Coles to your portfolios can decrease your overall portfolio volatility.
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Coles 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.