Schweizer Electronic (Germany) Market Value
| SCE Stock | EUR 2.82 0.04 1.40% |
| Symbol | Schweizer |
Schweizer Electronic '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 Schweizer Electronic'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 Schweizer Electronic.
| 07/21/2023 |
| 12/12/2024 |
If you would invest 0.00 in Schweizer Electronic on July 21, 2023 and sell it all today you would earn a total of 0.00 from holding Schweizer Electronic AG or generate 0.0% return on investment in Schweizer Electronic over 510 days. Schweizer Electronic is related to or competes with Benchmark Electronics, Meiko Electronics, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. Schweizer Electronic AG develops, produces, and distributes printed circuit boards worldwide More
Schweizer Electronic 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 Schweizer Electronic'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 Schweizer Electronic AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.11 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 8.0 |
Schweizer Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schweizer Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schweizer Electronic's standard deviation. In reality, there are many statistical measures that can use Schweizer Electronic historical prices to predict the future Schweizer Electronic's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 0.2919 |
Schweizer Electronic Backtested Returns
Schweizer Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0985, which indicates the firm had a -0.0985% return per unit of risk over the last 3 months. Schweizer Electronic AG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schweizer Electronic's Variance of 16.14, coefficient of variation of (910.23), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -1.55, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Schweizer Electronic are expected to decrease by larger amounts. On the other hand, during market turmoil, Schweizer Electronic is expected to outperform it. At this point, Schweizer Electronic has a negative expected return of -0.38%. Please make sure to validate Schweizer Electronic's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Schweizer Electronic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Schweizer Electronic AG has good predictability. Overlapping area represents the amount of predictability between Schweizer Electronic time series from 21st of July 2023 to 1st of April 2024 and 1st of April 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 Schweizer Electronic price movement. The serial correlation of 0.79 indicates that around 79.0% of current Schweizer Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Schweizer Electronic lagged returns against current returns
Autocorrelation, which is Schweizer Electronic 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 Schweizer Electronic's stock expected returns. We can calculate the autocorrelation of Schweizer Electronic returns to help us make a trade decision. For example, suppose you find that Schweizer Electronic 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 |
Schweizer Electronic 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 Schweizer Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schweizer Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schweizer Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Schweizer Electronic Lagged Returns
When evaluating Schweizer Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schweizer Electronic stock have on its future price. Schweizer Electronic 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, Schweizer Electronic autocorrelation shows the relationship between Schweizer Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Schweizer Electronic AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Schweizer Stock
Schweizer Electronic financial ratios help investors to determine whether Schweizer 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 Schweizer with respect to the benefits of owning Schweizer Electronic security.