Scheerders Van (Belgium) Market Value
| SCHD Stock | EUR 388.00 0.00 0.00% |
| Symbol | Scheerders |
Scheerders Van '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 Scheerders Van'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 Scheerders Van.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Scheerders Van on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Scheerders van Kerchoves or generate 0.0% return on investment in Scheerders Van over 30 days. Scheerders Van is related to or competes with Motor Oil, Mytilineos, Viohalco, and Deceuninck. Scheerders van Kerchoves Verenigde fabrieken nv manufactures and distributes building materials for residential and non-... More
Scheerders Van 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 Scheerders Van'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 Scheerders van Kerchoves upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1261 | |||
| Maximum Drawdown | 41.01 | |||
| Potential Upside | 6.62 |
Scheerders Van Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scheerders Van's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scheerders Van's standard deviation. In reality, there are many statistical measures that can use Scheerders Van historical prices to predict the future Scheerders Van's volatility.| Risk Adjusted Performance | 0.1227 | |||
| Jensen Alpha | 0.6299 | |||
| Total Risk Alpha | 0.0587 | |||
| Treynor Ratio | 0.9842 |
Scheerders van Kerchoves Backtested Returns
Scheerders Van appears to be very steady, given 3 months investment horizon. Scheerders van Kerchoves owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Scheerders Van's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please review Scheerders Van's Coefficient Of Variation of 667.33, variance of 22.69, and Risk Adjusted Performance of 0.1227 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scheerders Van holds a performance score of 11. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scheerders Van's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scheerders Van is expected to be smaller as well. Please check Scheerders Van's variance, jensen alpha, potential upside, as well as the relationship between the information ratio and maximum drawdown , to make a quick decision on whether Scheerders Van's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Scheerders van Kerchoves has weak reverse predictability. Overlapping area represents the amount of predictability between Scheerders Van time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Scheerders van Kerchoves price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Scheerders Van price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 648.0 |
Scheerders van Kerchoves lagged returns against current returns
Autocorrelation, which is Scheerders Van 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 Scheerders Van's stock expected returns. We can calculate the autocorrelation of Scheerders Van returns to help us make a trade decision. For example, suppose you find that Scheerders Van 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 |
Scheerders Van 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 Scheerders Van stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scheerders Van stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scheerders Van stock over time.
Current vs Lagged Prices |
| Timeline |
Scheerders Van Lagged Returns
When evaluating Scheerders Van's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scheerders Van stock have on its future price. Scheerders Van 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, Scheerders Van autocorrelation shows the relationship between Scheerders Van stock current value and its past values and can show if there is a momentum factor associated with investing in Scheerders van Kerchoves.
Regressed Prices |
| Timeline |
Pair Trading with Scheerders Van
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Scheerders Van position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Scheerders Van will appreciate offsetting losses from the drop in the long position's value.Moving against Scheerders Stock
| 0.8 | BANI | Banimmo SA | PairCorr |
| 0.68 | VGP | VGP NV | PairCorr |
| 0.64 | MELE | Melexis NV | PairCorr |
| 0.42 | DISL | Immobiliere Distri Land | PairCorr |
The ability to find closely correlated positions to Scheerders Van could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scheerders Van when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Scheerders Van - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Scheerders van Kerchoves to buy it.
The correlation of Scheerders Van is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scheerders Van moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scheerders van Kerchoves moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Scheerders Van can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Scheerders Stock Analysis
When running Scheerders Van's price analysis, check to measure Scheerders Van'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 Scheerders Van is operating at the current time. Most of Scheerders Van's value examination focuses on studying past and present price action to predict the probability of Scheerders Van's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scheerders Van's price. Additionally, you may evaluate how the addition of Scheerders Van to your portfolios can decrease your overall portfolio volatility.