SCOTT TECHNOLOGY (Germany) Market Value
| RZH Stock | EUR 0.99 0.01 1.02% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in SCOTT TECHNOLOGY on December 17, 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 90 days. SCOTT TECHNOLOGY is related to or competes with BRAEMAR HOTELS, INTERCONT HOTELS, GRENKELEASING, InterContinental, Meliá Hotels, and MHP Hotel. 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.42 |
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 | (0.1) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.0042 | |||
| Treynor Ratio | (7.20) |
SCOTT TECHNOLOGY Backtested Returns
SCOTT TECHNOLOGY owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the company had a -0.17 % return per unit of standard deviation over the last 3 months. SCOTT TECHNOLOGY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCOTT TECHNOLOGY's Risk Adjusted Performance of (0.1), market risk adjusted performance of (7.19), and Standard Deviation of 1.99 to confirm the risk estimate we provide. The firm has a beta of 0.0341, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCOTT TECHNOLOGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCOTT TECHNOLOGY is expected to be smaller as well. At this point, SCOTT TECHNOLOGY has a negative expected return of -0.34%. Please make sure to validate SCOTT TECHNOLOGY's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if SCOTT TECHNOLOGY performance from the past will be repeated at future time.
Auto-correlation | 0.09 |
Virtually no predictability
SCOTT TECHNOLOGY has virtually no predictability. Overlapping area represents the amount of predictability between SCOTT TECHNOLOGY time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 SCOTT TECHNOLOGY price movement. The serial correlation of 0.09 indicates that less than 9.0% of current SCOTT TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.