SIMS's market value is the price at which a share of SIMS trades on a public exchange. It measures the collective expectations of SIMS LTD ADR investors about its performance. SIMS is trading at 7.10 as of the 8th of January 2025. This is a 0.7% down since the beginning of the trading day. The stock's lowest day price was 7.1. With this module, you can estimate the performance of a buy and hold strategy of SIMS LTD ADR and determine expected loss or profit from investing in SIMS over a given investment horizon. Check out SIMS Correlation, SIMS Volatility and SIMS Alpha and Beta module to complement your research on SIMS.
Please note, there is a significant difference between SIMS's value and its price as these two are different measures arrived at by different means. Investors typically determine if SIMS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SIMS'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.
SIMS '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 SIMS'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 SIMS.
0.00
12/09/2024
No Change 0.00
0.0
In 30 days
01/08/2025
0.00
If you would invest 0.00 in SIMS on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding SIMS LTD ADR or generate 0.0% return on investment in SIMS over 30 days. SIMS is related to or competes with Lendlease, MAGIC SOFTWARE, CyberArk Software, AXWAY SOFTWARE, Global Ship, Alfa Financial, and United Rentals. Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals More
SIMS 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 SIMS'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 SIMS LTD ADR 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 SIMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIMS's standard deviation. In reality, there are many statistical measures that can use SIMS historical prices to predict the future SIMS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SIMS. Your research has to be compared to or analyzed against SIMS's peers to derive any actionable benefits. When done correctly, SIMS'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 SIMS LTD ADR.
SIMS LTD ADR Backtested Returns
At this point, SIMS is slightly risky. SIMS LTD ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0195, which indicates the firm had a 0.0195% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for SIMS LTD ADR, which you can use to evaluate the volatility of the company. Please validate SIMS's variance of 10.79, and Risk Adjusted Performance of (0) to confirm if the risk estimate we provide is consistent with the expected return of 0.0641%. SIMS has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.019, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SIMS's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIMS is expected to be smaller as well. SIMS LTD ADR currently has a risk of 3.29%. Please validate SIMS treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if SIMS will be following its existing price patterns.
Auto-correlation
-0.41
Modest reverse predictability
SIMS LTD ADR has modest reverse predictability. Overlapping area represents the amount of predictability between SIMS time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 SIMS LTD ADR price movement. The serial correlation of -0.41 indicates that just about 41.0% of current SIMS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.41
Spearman Rank Test
-0.64
Residual Average
0.0
Price Variance
0.01
SIMS LTD ADR lagged returns against current returns
Autocorrelation, which is SIMS 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 SIMS's stock expected returns. We can calculate the autocorrelation of SIMS returns to help us make a trade decision. For example, suppose you find that SIMS 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
SIMS 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 SIMS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIMS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIMS stock over time.
Current vs Lagged Prices
Timeline
SIMS Lagged Returns
When evaluating SIMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIMS stock have on its future price. SIMS 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, SIMS autocorrelation shows the relationship between SIMS stock current value and its past values and can show if there is a momentum factor associated with investing in SIMS LTD ADR.
SIMS financial ratios help investors to determine whether SIMS 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 SIMS with respect to the benefits of owning SIMS security.