Superior Plus (Germany) Market Value
| 8SP Stock | EUR 4.16 0.04 0.95% |
| Symbol | Superior |
Superior Plus '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 Superior Plus' 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 Superior Plus.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Superior Plus on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Superior Plus Corp or generate 0.0% return on investment in Superior Plus over 30 days. Superior Plus is related to or competes with HYDROFARM HLD, Titan Machinery, GOODYEAR T, Sterling Construction, Hyster Yale, and Granite Construction. Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, ... More
Superior Plus 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 Superior Plus' 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 Superior Plus Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.22 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 3.36 |
Superior Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Superior Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Superior Plus' standard deviation. In reality, there are many statistical measures that can use Superior Plus historical prices to predict the future Superior Plus' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.2889 |
Superior Plus Corp Backtested Returns
Superior Plus Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0504, which indicates the firm had a -0.0504% return per unit of risk over the last 3 months. Superior Plus Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Superior Plus' Variance of 11.2, coefficient of variation of (2,270), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Superior Plus are expected to decrease at a much lower rate. During the bear market, Superior Plus is likely to outperform the market. At this point, Superior Plus Corp has a negative expected return of -0.17%. Please make sure to validate Superior Plus' information ratio, potential upside, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Superior Plus Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Superior Plus Corp has virtually no predictability. Overlapping area represents the amount of predictability between Superior Plus time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Superior Plus Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Superior Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Superior Plus Corp lagged returns against current returns
Autocorrelation, which is Superior Plus 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 Superior Plus' stock expected returns. We can calculate the autocorrelation of Superior Plus returns to help us make a trade decision. For example, suppose you find that Superior Plus 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 |
Superior Plus 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 Superior Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Superior Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Superior Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Superior Plus Lagged Returns
When evaluating Superior Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Superior Plus stock have on its future price. Superior Plus 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, Superior Plus autocorrelation shows the relationship between Superior Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Superior Plus Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Superior Stock
Superior Plus financial ratios help investors to determine whether Superior 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 Superior with respect to the benefits of owning Superior Plus security.