Sgs Sa Stock Market Value
| SGSOF Stock | USD 97.40 0.00 0.00% |
| Symbol | SGS |
SGS SA '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 SGS SA's pink sheet 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 SGS SA.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in SGS SA on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding SGS SA or generate 0.0% return on investment in SGS SA over 720 days. SGS SA is related to or competes with Proficient Auto, Skillful Craftsman, Allient, Delek Logistics, Ihuman, Ryanair Holdings, and Analog Devices. SGS SA provides inspection, verification, testing, certification, and quality assurance services in Europe, Africa, the ... More
SGS SA 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 SGS SA's pink sheet 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 SGS SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.88 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 1.44 |
SGS SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGS SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGS SA's standard deviation. In reality, there are many statistical measures that can use SGS SA historical prices to predict the future SGS SA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.33) |
SGS SA Backtested Returns
SGS SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0618, which indicates the firm had a -0.0618% return per unit of standard deviation over the last 3 months. SGS SA exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SGS SA's variance of 7.22, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SGS SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SGS SA is expected to be smaller as well. At this point, SGS SA has a negative expected return of -0.17%. Please make sure to validate SGS SA's variance, as well as the relationship between the value at risk and rate of daily change , to decide if SGS SA performance from the past will be repeated at future time.
Auto-correlation | -0.63 |
Very good reverse predictability
SGS SA has very good reverse predictability. Overlapping area represents the amount of predictability between SGS SA time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 SGS SA price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current SGS SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 98.35 |
SGS SA lagged returns against current returns
Autocorrelation, which is SGS SA pink sheet'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 SGS SA's pink sheet expected returns. We can calculate the autocorrelation of SGS SA returns to help us make a trade decision. For example, suppose you find that SGS SA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SGS SA 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 SGS SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGS SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGS SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SGS SA Lagged Returns
When evaluating SGS SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGS SA pink sheet have on its future price. SGS SA 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, SGS SA autocorrelation shows the relationship between SGS SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SGS SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SGS Pink Sheet
SGS SA financial ratios help investors to determine whether SGS Pink Sheet 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 SGS with respect to the benefits of owning SGS SA security.