SMA Solar (Germany) Market Value
| S92 Stock | EUR 22.70 1.68 7.99% |
| Symbol | SMA |
SMA Solar '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 SMA Solar'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 SMA Solar.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in SMA Solar on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding SMA Solar Technology or generate 0.0% return on investment in SMA Solar over 90 days. SMA Solar is related to or competes with DALATA HOTEL, CVS Health, MELIA HOTELS, MIRAMAR HOTEL, Planet Fitness, and Bumrungrad Hospital. SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic inverters, tra... More
SMA Solar 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 SMA Solar'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 SMA Solar Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | 0.1671 | |||
| Maximum Drawdown | 33.37 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 9.89 |
SMA Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SMA Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SMA Solar's standard deviation. In reality, there are many statistical measures that can use SMA Solar historical prices to predict the future SMA Solar's volatility.| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.9302 | |||
| Total Risk Alpha | 1.56 | |||
| Sortino Ratio | 0.2321 | |||
| Treynor Ratio | 1.07 |
SMA Solar Technology Backtested Returns
SMA Solar appears to be somewhat reliable, given 3 months investment horizon. SMA Solar Technology retains Efficiency (Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of risk over the last 3 months. By inspecting SMA Solar's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please review SMA Solar's risk adjusted performance of 0.1388, and Downside Deviation of 4.11 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SMA Solar holds a performance score of 13. The entity owns a Beta (Systematic Risk) of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SMA Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding SMA Solar is expected to be smaller as well. Please check SMA Solar's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether SMA Solar's current price history will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
SMA Solar Technology has weak reverse predictability. Overlapping area represents the amount of predictability between SMA Solar 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 SMA Solar Technology price movement. The serial correlation of -0.21 indicates that over 21.0% of current SMA Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 4.39 |
SMA Solar Technology lagged returns against current returns
Autocorrelation, which is SMA Solar 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 SMA Solar's stock expected returns. We can calculate the autocorrelation of SMA Solar returns to help us make a trade decision. For example, suppose you find that SMA Solar 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 |
SMA Solar 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 SMA Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SMA Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SMA Solar stock over time.
Current vs Lagged Prices |
| Timeline |
SMA Solar Lagged Returns
When evaluating SMA Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SMA Solar stock have on its future price. SMA Solar 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, SMA Solar autocorrelation shows the relationship between SMA Solar stock current value and its past values and can show if there is a momentum factor associated with investing in SMA Solar Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SMA Stock
SMA Solar financial ratios help investors to determine whether SMA 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 SMA with respect to the benefits of owning SMA Solar security.