Smarttech247 Group (UK) Market Value
| S247 Stock | 8.75 1.00 10.26% |
| Symbol | Smarttech247 |
Smarttech247 Group '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 Smarttech247 Group'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 Smarttech247 Group.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Smarttech247 Group on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Smarttech247 Group PLC or generate 0.0% return on investment in Smarttech247 Group over 30 days. Smarttech247 Group is related to or competes with Sabien Technology, United Internet, Sunny Optical, DXC Technology, Micron Technology, Aptitude Software, and Zoom Video. Smarttech247 Group is entity of United Kingdom More
Smarttech247 Group 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 Smarttech247 Group'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 Smarttech247 Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.95 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 1.87 |
Smarttech247 Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smarttech247 Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smarttech247 Group's standard deviation. In reality, there are many statistical measures that can use Smarttech247 Group historical prices to predict the future Smarttech247 Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.55) |
Smarttech247 Group PLC Backtested Returns
Smarttech247 Group PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0827, which indicates the firm had a -0.0827 % return per unit of risk over the last 3 months. Smarttech247 Group PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smarttech247 Group's Coefficient Of Variation of (1,258), risk adjusted performance of (0.06), and Variance of 16.94 to confirm the risk estimate we provide. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smarttech247 Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smarttech247 Group is expected to be smaller as well. At this point, Smarttech247 Group PLC has a negative expected return of -0.35%. Please make sure to validate Smarttech247 Group's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Smarttech247 Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Smarttech247 Group PLC has below average predictability. Overlapping area represents the amount of predictability between Smarttech247 Group time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Smarttech247 Group PLC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Smarttech247 Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Smarttech247 Group PLC lagged returns against current returns
Autocorrelation, which is Smarttech247 Group 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 Smarttech247 Group's stock expected returns. We can calculate the autocorrelation of Smarttech247 Group returns to help us make a trade decision. For example, suppose you find that Smarttech247 Group 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 |
Smarttech247 Group 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 Smarttech247 Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smarttech247 Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smarttech247 Group stock over time.
Current vs Lagged Prices |
| Timeline |
Smarttech247 Group Lagged Returns
When evaluating Smarttech247 Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smarttech247 Group stock have on its future price. Smarttech247 Group 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, Smarttech247 Group autocorrelation shows the relationship between Smarttech247 Group stock current value and its past values and can show if there is a momentum factor associated with investing in Smarttech247 Group PLC.
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.Additional Tools for Smarttech247 Stock Analysis
When running Smarttech247 Group's price analysis, check to measure Smarttech247 Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smarttech247 Group is operating at the current time. Most of Smarttech247 Group's value examination focuses on studying past and present price action to predict the probability of Smarttech247 Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smarttech247 Group's price. Additionally, you may evaluate how the addition of Smarttech247 Group to your portfolios can decrease your overall portfolio volatility.