SCOTT TECHNOLOGY (Germany) Market Value
| RZH Stock | EUR 1.35 0.04 3.05% |
| Symbol | SCOTT |
SCOTT 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 SCOTT 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 SCOTT TECHNOLOGY.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in SCOTT TECHNOLOGY on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding SCOTT TECHNOLOGY or generate 0.0% return on investment in SCOTT TECHNOLOGY over 30 days. SCOTT TECHNOLOGY is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
SCOTT 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 SCOTT 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 SCOTT TECHNOLOGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.0323 | |||
| Maximum Drawdown | 21.53 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 6.36 |
SCOTT TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCOTT TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCOTT TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use SCOTT TECHNOLOGY historical prices to predict the future SCOTT TECHNOLOGY's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.2604 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0296 | |||
| Treynor Ratio | (0.78) |
SCOTT TECHNOLOGY Backtested Returns
SCOTT TECHNOLOGY appears to be dangerous, given 3 months investment horizon. SCOTT TECHNOLOGY owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0735, which indicates the company had a 0.0735% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for SCOTT TECHNOLOGY, which you can use to evaluate the volatility of the entity. Please review SCOTT TECHNOLOGY's Downside Deviation of 3.77, risk adjusted performance of 0.0604, and Market Risk Adjusted Performance of (0.77) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SCOTT TECHNOLOGY holds a performance score of 5. The firm has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SCOTT TECHNOLOGY are expected to decrease at a much lower rate. During the bear market, SCOTT TECHNOLOGY is likely to outperform the market. Please check SCOTT TECHNOLOGY's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether SCOTT TECHNOLOGY's existing price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
SCOTT TECHNOLOGY has very good reverse predictability. Overlapping area represents the amount of predictability between SCOTT TECHNOLOGY time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 SCOTT TECHNOLOGY price movement. The serial correlation of -0.68 indicates that around 68.0% of current SCOTT TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SCOTT TECHNOLOGY lagged returns against current returns
Autocorrelation, which is SCOTT 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 SCOTT TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of SCOTT TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that SCOTT 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 |
SCOTT 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 SCOTT TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCOTT TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCOTT TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
SCOTT TECHNOLOGY Lagged Returns
When evaluating SCOTT TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCOTT TECHNOLOGY stock have on its future price. SCOTT 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, SCOTT TECHNOLOGY autocorrelation shows the relationship between SCOTT TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in SCOTT TECHNOLOGY.
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.Other Information on Investing in SCOTT Stock
SCOTT TECHNOLOGY financial ratios help investors to determine whether SCOTT 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 SCOTT with respect to the benefits of owning SCOTT TECHNOLOGY security.