Cohu Inc Stock Market Value
| COHU Stock | USD 29.07 0.29 1.01% |
| Symbol | Cohu |
Is Cohu's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cohu. If investors know Cohu will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cohu listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cohu Inc is measured differently than its book value, which is the value of Cohu that is recorded on the company's balance sheet. Investors also form their own opinion of Cohu's value that differs from its market value or its book value, called intrinsic value, which is Cohu's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cohu's market value can be influenced by many factors that don't directly affect Cohu's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cohu's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cohu is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cohu's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cohu '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 Cohu'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 Cohu.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Cohu on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Cohu Inc or generate 0.0% return on investment in Cohu over 720 days. Cohu is related to or competes with Onto Innovation, Photronics, Ultra Clean, Axcelis Technologies, Ichor Holdings, Entegris, and Kulicke. Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Ta... More
Cohu 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 Cohu'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 Cohu Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.47 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 2.7 |
Cohu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cohu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cohu's standard deviation. In reality, there are many statistical measures that can use Cohu historical prices to predict the future Cohu's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cohu'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.
Cohu Inc Backtested Returns
Cohu Inc secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Cohu Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cohu's Risk Adjusted Performance of (0.06), mean deviation of 1.78, and Standard Deviation of 2.21 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.33, 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, Cohu will likely underperform. Cohu Inc has an expected return of -0.25%. Please make sure to confirm Cohu Inc treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Cohu Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Cohu Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Cohu time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Cohu Inc price movement. The serial correlation of -0.69 indicates that around 69.0% of current Cohu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 10.43 |
Cohu Inc lagged returns against current returns
Autocorrelation, which is Cohu 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 Cohu's stock expected returns. We can calculate the autocorrelation of Cohu returns to help us make a trade decision. For example, suppose you find that Cohu 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 |
Cohu 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 Cohu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cohu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cohu stock over time.
Current vs Lagged Prices |
| Timeline |
Cohu Lagged Returns
When evaluating Cohu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cohu stock have on its future price. Cohu 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, Cohu autocorrelation shows the relationship between Cohu stock current value and its past values and can show if there is a momentum factor associated with investing in Cohu Inc.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cohu in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cohu's short interest history, or implied volatility extrapolated from Cohu options trading.
Pair Trading with Cohu
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 Cohu 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 Cohu will appreciate offsetting losses from the drop in the long position's value.Moving against Cohu Stock
| 0.46 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.41 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cohu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohu 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 Cohu - 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 Cohu Inc to buy it.
The correlation of Cohu 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 Cohu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cohu Inc 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 Cohu 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 Cohu Correlation, Cohu Volatility and Cohu Alpha and Beta module to complement your research on Cohu. Note that the Cohu Inc information on this page should be used as a complementary analysis to other Cohu's 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Cohu Stock analysis
When running Cohu's price analysis, check to measure Cohu'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 Cohu is operating at the current time. Most of Cohu's value examination focuses on studying past and present price action to predict the probability of Cohu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cohu's price. Additionally, you may evaluate how the addition of Cohu to your portfolios can decrease your overall portfolio volatility.
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Cohu technical stock 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, stock market cycles, or different charting patterns.