Springs Global (Brazil) Market Value
| SGPS3 Stock | BRL 1.64 0.00 0.00% |
| Symbol | Springs |
Springs Global '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 Springs Global'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 Springs Global.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Springs Global on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Springs Global Participaes or generate 0.0% return on investment in Springs Global over 90 days. Springs Global is related to or competes with Align Technology, TAL Education, Zoom Video, Deutsche Bank, Unifique Telecomunicaes, HDFC Bank, and GP Investments. Springs Global Participaes S.A., through its subsidiaries, manufactures and sells home textile products primarily in Bra... More
Springs Global 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 Springs Global'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 Springs Global Participaes upside and downside potential and time the market with a certain degree of confidence.
Springs Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Springs Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Springs Global's standard deviation. In reality, there are many statistical measures that can use Springs Global historical prices to predict the future Springs Global's volatility.Springs Global Parti Backtested Returns
We have found three technical indicators for Springs Global Participaes, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Springs Global are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Springs Global Participaes has no correlation between past and present. Overlapping area represents the amount of predictability between Springs Global time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Springs Global Parti price movement. The serial correlation of 0.0 indicates that just 0.0% of current Springs Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Springs Global Parti lagged returns against current returns
Autocorrelation, which is Springs Global 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 Springs Global's stock expected returns. We can calculate the autocorrelation of Springs Global returns to help us make a trade decision. For example, suppose you find that Springs Global 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 |
Springs Global 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 Springs Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Springs Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Springs Global stock over time.
Current vs Lagged Prices |
| Timeline |
Springs Global Lagged Returns
When evaluating Springs Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Springs Global stock have on its future price. Springs Global 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, Springs Global autocorrelation shows the relationship between Springs Global stock current value and its past values and can show if there is a momentum factor associated with investing in Springs Global Participaes.
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 Springs Stock Analysis
When running Springs Global's price analysis, check to measure Springs Global'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 Springs Global is operating at the current time. Most of Springs Global's value examination focuses on studying past and present price action to predict the probability of Springs Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Springs Global's price. Additionally, you may evaluate how the addition of Springs Global to your portfolios can decrease your overall portfolio volatility.