Solomon Technology's market value is the price at which a share of Solomon Technology trades on a public exchange. It measures the collective expectations of Solomon Technology Corp investors about its performance. Solomon Technology is selling for under 152.50 as of the 9th of January 2025; that is 5.57% down since the beginning of the trading day. The stock's lowest day price was 151.5. With this module, you can estimate the performance of a buy and hold strategy of Solomon Technology Corp and determine expected loss or profit from investing in Solomon Technology over a given investment horizon. Check out Solomon Technology Correlation, Solomon Technology Volatility and Solomon Technology Alpha and Beta module to complement your research on Solomon Technology.
Please note, there is a significant difference between Solomon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solomon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solomon Technology'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.
Solomon 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 Solomon 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 Solomon Technology.
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12/10/2024
No Change 0.00
0.0
In 31 days
01/09/2025
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If you would invest 0.00 in Solomon Technology on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Solomon Technology Corp or generate 0.0% return on investment in Solomon Technology over 30 days. Solomon Technology is related to or competes with Qisda Corp, Inventec Corp, Mosel Vitelic, Ritek Corp, and Optotech Corp. Solomon Technology Corporation operates as an electronic components sales agency primarily in the Asia-Pacific region an... More
Solomon 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 Solomon 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 Solomon Technology Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solomon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solomon Technology's standard deviation. In reality, there are many statistical measures that can use Solomon Technology historical prices to predict the future Solomon Technology's volatility.
Solomon Technology appears to be very steady, given 3 months investment horizon. Solomon Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0729, which indicates the firm had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Solomon Technology Corp, which you can use to evaluate the volatility of the company. Please review Solomon Technology's Coefficient Of Variation of 1371.8, risk adjusted performance of 0.0655, and Semi Deviation of 2.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Solomon Technology holds a performance score of 5. The entity has a beta of -0.073, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solomon Technology are expected to decrease at a much lower rate. During the bear market, Solomon Technology is likely to outperform the market. Please check Solomon Technology's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Solomon Technology's existing price patterns will revert.
Auto-correlation
-0.88
Excellent reverse predictability
Solomon Technology Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Solomon Technology time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Solomon Technology Corp price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Solomon Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.88
Spearman Rank Test
-0.61
Residual Average
0.0
Price Variance
36.93
Solomon Technology Corp lagged returns against current returns
Autocorrelation, which is Solomon 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 Solomon Technology's stock expected returns. We can calculate the autocorrelation of Solomon Technology returns to help us make a trade decision. For example, suppose you find that Solomon 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
Solomon 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 Solomon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solomon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solomon Technology stock over time.
Current vs Lagged Prices
Timeline
Solomon Technology Lagged Returns
When evaluating Solomon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solomon Technology stock have on its future price. Solomon 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, Solomon Technology autocorrelation shows the relationship between Solomon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Solomon Technology Corp.
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 running Solomon Technology's price analysis, check to measure Solomon 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 Solomon Technology is operating at the current time. Most of Solomon Technology's value examination focuses on studying past and present price action to predict the probability of Solomon 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 Solomon Technology's price. Additionally, you may evaluate how the addition of Solomon Technology to your portfolios can decrease your overall portfolio volatility.