Cognios Large Cap Fund Market Value
| COGLX Fund | USD 12.39 0.06 0.48% |
| Symbol | Cognios |
Cognios Large '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 Cognios Large's mutual fund 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 Cognios Large.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Cognios Large on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cognios Large Cap or generate 0.0% return on investment in Cognios Large over 30 days. Cognios Large is related to or competes with Cognios Market, Fm Investments, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund seeks to achieve its investment objective by purchasing equity securities of U.S More
Cognios Large 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 Cognios Large's mutual fund 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 Cognios Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6584 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9002 |
Cognios Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognios Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognios Large's standard deviation. In reality, there are many statistical measures that can use Cognios Large historical prices to predict the future Cognios Large's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0381 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cognios Large'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.
Cognios Large Cap Backtested Returns
We consider Cognios Large very steady. Cognios Large Cap secures Sharpe Ratio (or Efficiency) of 0.0345, which signifies that the fund had a 0.0345% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cognios Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Cognios Large's Risk Adjusted Performance of 0.0393, downside deviation of 0.6584, and Mean Deviation of 0.4479 to double-check if the risk estimate we provide is consistent with the expected return of 0.02%. The fund shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cognios Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cognios Large is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Cognios Large Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Cognios Large time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Cognios Large Cap price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Cognios Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cognios Large Cap lagged returns against current returns
Autocorrelation, which is Cognios Large mutual fund'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 Cognios Large's mutual fund expected returns. We can calculate the autocorrelation of Cognios Large returns to help us make a trade decision. For example, suppose you find that Cognios Large has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Cognios Large 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 Cognios Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognios Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognios Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cognios Large Lagged Returns
When evaluating Cognios Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognios Large mutual fund have on its future price. Cognios Large 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, Cognios Large autocorrelation shows the relationship between Cognios Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cognios Large Cap.
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 Cognios Large 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, Cognios Large's short interest history, or implied volatility extrapolated from Cognios Large options trading.
Pair Trading with Cognios Large
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 Cognios Large 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 Cognios Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Cognios Mutual Fund
| 1.0 | COGVX | Cognios Large Cap | PairCorr |
| 0.79 | VVIAX | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to Cognios Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognios Large 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 Cognios Large - 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 Cognios Large Cap to buy it.
The correlation of Cognios Large 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 Cognios Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognios Large Cap 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 Cognios Large 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 Cognios Large Correlation, Cognios Large Volatility and Cognios Large Alpha and Beta module to complement your research on Cognios Large. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Cognios Large technical mutual fund 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, fund market cycles, or different charting patterns.