Science Environmental's market value is the price at which a share of Science Environmental trades on a public exchange. It measures the collective expectations of Science Environmental Protection investors about its performance. Science Environmental is trading at 25.51 as of the 6th of January 2025, a 3.44% down since the beginning of the trading day. The stock's open price was 26.42. With this module, you can estimate the performance of a buy and hold strategy of Science Environmental Protection and determine expected loss or profit from investing in Science Environmental over a given investment horizon. Check out Science Environmental Correlation, Science Environmental Volatility and Science Environmental Alpha and Beta module to complement your research on Science Environmental.
Please note, there is a significant difference between Science Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Science Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Science Environmental'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.
Science Environmental '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 Science Environmental'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 Science Environmental.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Science Environmental'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 Science Environmental Protection 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 Science Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Science Environmental's standard deviation. In reality, there are many statistical measures that can use Science Environmental historical prices to predict the future Science Environmental's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Science Environmental. Your research has to be compared to or analyzed against Science Environmental's peers to derive any actionable benefits. When done correctly, Science Environmental'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 Science Environmental.
Science Environmental Backtested Returns
Science Environmental owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Science Environmental Protection exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Science Environmental's Variance of 10.85, coefficient of variation of (923.14), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.0805, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Science Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Science Environmental is expected to be smaller as well. At this point, Science Environmental has a negative expected return of -0.36%. Please make sure to validate Science Environmental's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Science Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.12
Insignificant reverse predictability
Science Environmental Protection has insignificant reverse predictability. Overlapping area represents the amount of predictability between Science Environmental time series from 17th of January 2023 to 12th of January 2024 and 12th of January 2024 to 6th 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 Science Environmental price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Science Environmental price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.12
Spearman Rank Test
-0.49
Residual Average
0.0
Price Variance
14.9
Science Environmental lagged returns against current returns
Autocorrelation, which is Science Environmental 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 Science Environmental's stock expected returns. We can calculate the autocorrelation of Science Environmental returns to help us make a trade decision. For example, suppose you find that Science Environmental 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
Science Environmental 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 Science Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Science Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Science Environmental stock over time.
Current vs Lagged Prices
Timeline
Science Environmental Lagged Returns
When evaluating Science Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Science Environmental stock have on its future price. Science Environmental 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, Science Environmental autocorrelation shows the relationship between Science Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Science Environmental Protection.
Science Environmental financial ratios help investors to determine whether Science 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 Science with respect to the benefits of owning Science Environmental security.