Sminn Hf (Iceland) Market Value
| SIMINN Stock | ISK 14.40 0.10 0.69% |
| Symbol | Sminn |
Sminn Hf '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 Sminn Hf'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 Sminn Hf.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Sminn Hf on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Sminn hf or generate 0.0% return on investment in Sminn Hf over 90 days. Sminn Hf is related to or competes with Alvotech, Eimskipaflag Slands, and Festi Hf. Sminn hf. provides communication solutions to private and corporate clients in Iceland More
Sminn Hf 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 Sminn Hf'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 Sminn hf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1687 | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.52 |
Sminn Hf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sminn Hf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sminn Hf's standard deviation. In reality, there are many statistical measures that can use Sminn Hf historical prices to predict the future Sminn Hf's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.1352 | |||
| Total Risk Alpha | 0.2874 | |||
| Sortino Ratio | 0.1716 | |||
| Treynor Ratio | 0.7714 |
Sminn hf Backtested Returns
At this point, Sminn Hf is very steady. Sminn hf owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0514, which indicates the firm had a 0.0514 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sminn hf, which you can use to evaluate the volatility of the company. Please validate Sminn Hf's Coefficient Of Variation of 1049.93, risk adjusted performance of 0.0865, and Semi Deviation of 0.901 to confirm if the risk estimate we provide is consistent with the expected return of 0.0686%. Sminn Hf has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sminn Hf's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sminn Hf is expected to be smaller as well. Sminn hf right now has a risk of 1.34%. Please validate Sminn Hf treynor ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Sminn Hf will be following its existing price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Sminn hf has modest reverse predictability. Overlapping area represents the amount of predictability between Sminn Hf time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sminn hf price movement. The serial correlation of -0.48 indicates that about 48.0% of current Sminn Hf price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Sminn hf lagged returns against current returns
Autocorrelation, which is Sminn Hf 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 Sminn Hf's stock expected returns. We can calculate the autocorrelation of Sminn Hf returns to help us make a trade decision. For example, suppose you find that Sminn Hf 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 |
Sminn Hf 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 Sminn Hf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sminn Hf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sminn Hf stock over time.
Current vs Lagged Prices |
| Timeline |
Sminn Hf Lagged Returns
When evaluating Sminn Hf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sminn Hf stock have on its future price. Sminn Hf 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, Sminn Hf autocorrelation shows the relationship between Sminn Hf stock current value and its past values and can show if there is a momentum factor associated with investing in Sminn hf.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Sminn Stock
Sminn Hf financial ratios help investors to determine whether Sminn 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 Sminn with respect to the benefits of owning Sminn Hf security.