Cognizant Technology (Mexico) Market Value
| CTSH Stock | MXN 1,171 0.00 0.00% |
| Symbol | Cognizant |
Cognizant Technology '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 Cognizant Technology'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 Cognizant Technology.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Cognizant Technology on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cognizant Technology Solutions or generate 0.0% return on investment in Cognizant Technology over 30 days. Cognizant Technology is related to or competes with Select Sector, Promotora, SPDR Series, IShares Trust, Controladora Vuela, Ameriprise Financial, and Danaher. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and out... More
Cognizant Technology 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 Cognizant Technology'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 Cognizant Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.85 |
Cognizant Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognizant Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognizant Technology's standard deviation. In reality, there are many statistical measures that can use Cognizant Technology historical prices to predict the future Cognizant Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.7125 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cognizant Technology'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.
Cognizant Technology Backtested Returns
Cognizant Technology secures Sharpe Ratio (or Efficiency) of -0.0899, which signifies that the company had a -0.0899% return per unit of risk over the last 3 months. Cognizant Technology Solutions exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cognizant Technology's Mean Deviation of 0.4393, risk adjusted performance of (0.05), and Standard Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cognizant Technology are expected to decrease at a much lower rate. During the bear market, Cognizant Technology is likely to outperform the market. Cognizant Technology has an expected return of -0.14%. Please make sure to confirm Cognizant Technology variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Cognizant Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Cognizant Technology Solutions has no correlation between past and present. Overlapping area represents the amount of predictability between Cognizant Technology time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 Cognizant Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cognizant Technology lagged returns against current returns
Autocorrelation, which is Cognizant Technology 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 Cognizant Technology's stock expected returns. We can calculate the autocorrelation of Cognizant Technology returns to help us make a trade decision. For example, suppose you find that Cognizant Technology 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 |
Cognizant Technology 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 Cognizant Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognizant Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognizant Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Cognizant Technology Lagged Returns
When evaluating Cognizant Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognizant Technology stock have on its future price. Cognizant Technology 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, Cognizant Technology autocorrelation shows the relationship between Cognizant Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Cognizant Technology Solutions.
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.When determining whether Cognizant Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognizant Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognizant Technology Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognizant Technology Solutions Stock:Check out Cognizant Technology Correlation, Cognizant Technology Volatility and Cognizant Technology Alpha and Beta module to complement your research on Cognizant Technology. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cognizant Stock analysis
When running Cognizant Technology's price analysis, check to measure Cognizant Technology'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 Cognizant Technology is operating at the current time. Most of Cognizant Technology's value examination focuses on studying past and present price action to predict the probability of Cognizant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognizant Technology's price. Additionally, you may evaluate how the addition of Cognizant Technology to your portfolios can decrease your overall portfolio volatility.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
Cognizant Technology 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.