SMA Solar (Germany) Market Value
| S92 Stock | 14.51 0.42 2.81% |
| 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.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in SMA Solar on October 13, 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 60 days. SMA Solar is related to or competes with CDL INVESTMENT, HK Electric, Playtech Plc, Virtus Investment, MGIC INVESTMENT, and ANTA SPORTS. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.33 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 6.02 |
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 | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (70.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SMA Solar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SMA Solar Technology Backtested Returns
SMA Solar Technology retains Efficiency (Sharpe Ratio) of -0.0664, which indicates the firm had a -0.0664% return per unit of risk over the last 3 months. SMA Solar exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SMA Solar's standard deviation of 4.07, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0031, which indicates not very significant fluctuations relative to the market. 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. At this point, SMA Solar Technology has a negative expected return of -0.27%. Please make sure to validate SMA Solar's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if SMA Solar Technology performance from the past will be repeated at future time.
Auto-correlation | -0.33 |
Poor reverse predictability
SMA Solar Technology has poor reverse predictability. Overlapping area represents the amount of predictability between SMA Solar time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th of December 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 SMA Solar Technology price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current SMA Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
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 |
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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.Additional Tools for SMA Stock Analysis
When running SMA Solar's price analysis, check to measure SMA Solar'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 SMA Solar is operating at the current time. Most of SMA Solar's value examination focuses on studying past and present price action to predict the probability of SMA Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SMA Solar's price. Additionally, you may evaluate how the addition of SMA Solar to your portfolios can decrease your overall portfolio volatility.