SL Green's market value is the price at which a share of SL Green trades on a public exchange. It measures the collective expectations of SL Green Realty investors about its performance. SL Green is trading at 23.71 as of the 31st of December 2024. This is a 0.30% increase since the beginning of the trading day. The preferred stock's open price was 23.64. With this module, you can estimate the performance of a buy and hold strategy of SL Green Realty and determine expected loss or profit from investing in SL Green over a given investment horizon. Check out SL Green Correlation, SL Green Volatility and SL Green Alpha and Beta module to complement your research on SL Green.
Please note, there is a significant difference between SL Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if SL Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SL Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SL Green '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 SL Green's preferred 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 SL Green.
0.00
02/05/2024
No Change 0.00
0.0
In 10 months and 27 days
12/31/2024
0.00
If you would invest 0.00 in SL Green on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding SL Green Realty or generate 0.0% return on investment in SL Green over 330 days. SL Green is related to or competes with Vornado Realty, Vornado Realty, Hudson Pacific, and Vornado Realty. More
SL Green 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 SL Green's preferred 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 SL Green Realty upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SL Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SL Green's standard deviation. In reality, there are many statistical measures that can use SL Green historical prices to predict the future SL Green's volatility.
SL Green Realty retains Efficiency (Sharpe Ratio) of -0.0673, which indicates the firm had a -0.0673% return per unit of price deviation over the last 3 months. SL Green exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SL Green's Standard Deviation of 0.7332, mean deviation of 0.5561, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SL Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding SL Green is expected to be smaller as well. At this point, SL Green Realty has a negative expected return of -0.0489%. Please make sure to validate SL Green's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if SL Green Realty performance from the past will be repeated sooner or later.
Auto-correlation
0.04
Virtually no predictability
SL Green Realty has virtually no predictability. Overlapping area represents the amount of predictability between SL Green time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 SL Green Realty price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current SL Green price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.1
Residual Average
0.0
Price Variance
1.28
SL Green Realty lagged returns against current returns
Autocorrelation, which is SL Green preferred 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 SL Green's preferred stock expected returns. We can calculate the autocorrelation of SL Green returns to help us make a trade decision. For example, suppose you find that SL Green has exhibited high autocorrelation historically, and you observe that the preferred 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
SL Green 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 SL Green preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SL Green preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SL Green preferred stock over time.
Current vs Lagged Prices
Timeline
SL Green Lagged Returns
When evaluating SL Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SL Green preferred stock have on its future price. SL Green 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, SL Green autocorrelation shows the relationship between SL Green preferred stock current value and its past values and can show if there is a momentum factor associated with investing in SL Green Realty.
Other Information on Investing in SLG-PI Preferred Stock
SL Green financial ratios help investors to determine whether SLG-PI Preferred 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 SLG-PI with respect to the benefits of owning SL Green security.