SGSG Sciencetechnolog's market value is the price at which a share of SGSG Sciencetechnolog trades on a public exchange. It measures the collective expectations of SGSG Sciencetechnology Co investors about its performance. SGSG Sciencetechnolog is trading at 58.39 as of the 3rd of January 2025, a 0.66 percent increase since the beginning of the trading day. The stock's open price was 58.01. With this module, you can estimate the performance of a buy and hold strategy of SGSG Sciencetechnology Co and determine expected loss or profit from investing in SGSG Sciencetechnolog over a given investment horizon. Check out SGSG Sciencetechnolog Correlation, SGSG Sciencetechnolog Volatility and SGSG Sciencetechnolog Alpha and Beta module to complement your research on SGSG Sciencetechnolog.
Please note, there is a significant difference between SGSG Sciencetechnolog's value and its price as these two are different measures arrived at by different means. Investors typically determine if SGSG Sciencetechnolog is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SGSG Sciencetechnolog'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.
SGSG Sciencetechnolog '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 SGSG Sciencetechnolog'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 SGSG Sciencetechnolog.
0.00
10/11/2023
No Change 0.00
0.0
In 1 year 2 months and 27 days
01/03/2025
0.00
If you would invest 0.00 in SGSG Sciencetechnolog on October 11, 2023 and sell it all today you would earn a total of 0.00 from holding SGSG Sciencetechnology Co or generate 0.0% return on investment in SGSG Sciencetechnolog over 450 days. SGSG Sciencetechnolog is related to or competes with Gansu Jiu, Changzhou Almaden, Aba Chemicals, Queclink Wireless, Hunan Nanling, Jiangsu Seagull, and Inner Mongolia. SGSG Sciencetechnolog is entity of China More
SGSG Sciencetechnolog 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 SGSG Sciencetechnolog'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 SGSG Sciencetechnology Co 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 SGSG Sciencetechnolog's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGSG Sciencetechnolog's standard deviation. In reality, there are many statistical measures that can use SGSG Sciencetechnolog historical prices to predict the future SGSG Sciencetechnolog's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SGSG Sciencetechnolog. Your research has to be compared to or analyzed against SGSG Sciencetechnolog's peers to derive any actionable benefits. When done correctly, SGSG Sciencetechnolog's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SGSG Sciencetechnology.
SGSG Sciencetechnology Backtested Returns
SGSG Sciencetechnolog is somewhat reliable given 3 months investment horizon. SGSG Sciencetechnology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.82% are justified by taking the suggested risk. Use SGSG Sciencetechnology risk adjusted performance of 0.22, and Coefficient Of Variation of 381.96 to evaluate company specific risk that cannot be diversified away. SGSG Sciencetechnolog holds a performance score of 15 on a scale of zero to a hundred. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SGSG Sciencetechnolog's returns are expected to increase less than the market. However, during the bear market, the loss of holding SGSG Sciencetechnolog is expected to be smaller as well. Use SGSG Sciencetechnology standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on SGSG Sciencetechnology.
Auto-correlation
-0.71
Almost perfect reverse predictability
SGSG Sciencetechnology Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SGSG Sciencetechnolog time series from 11th of October 2023 to 23rd of May 2024 and 23rd of May 2024 to 3rd 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 SGSG Sciencetechnology price movement. The serial correlation of -0.71 indicates that around 71.0% of current SGSG Sciencetechnolog price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.79
Residual Average
0.0
Price Variance
244.52
SGSG Sciencetechnology lagged returns against current returns
Autocorrelation, which is SGSG Sciencetechnolog 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 SGSG Sciencetechnolog's stock expected returns. We can calculate the autocorrelation of SGSG Sciencetechnolog returns to help us make a trade decision. For example, suppose you find that SGSG Sciencetechnolog 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
SGSG Sciencetechnolog 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 SGSG Sciencetechnolog stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGSG Sciencetechnolog stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGSG Sciencetechnolog stock over time.
Current vs Lagged Prices
Timeline
SGSG Sciencetechnolog Lagged Returns
When evaluating SGSG Sciencetechnolog's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGSG Sciencetechnolog stock have on its future price. SGSG Sciencetechnolog 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, SGSG Sciencetechnolog autocorrelation shows the relationship between SGSG Sciencetechnolog stock current value and its past values and can show if there is a momentum factor associated with investing in SGSG Sciencetechnology Co.
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.
SGSG Sciencetechnolog financial ratios help investors to determine whether SGSG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SGSG with respect to the benefits of owning SGSG Sciencetechnolog security.