SLM Corp (South Africa) Market Value
| SLM Stock | 8,987 79.00 0.89% |
| Symbol | SLM |
SLM Corp '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 SLM Corp'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 SLM Corp.
| 10/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in SLM Corp on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sanlam or generate 0.0% return on investment in SLM Corp over 60 days. SLM Corp is related to or competes with Pan African, Growthpoint Properties, and Shoprite Holdings. More
SLM Corp 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 SLM Corp'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 Sanlam upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.57 |
SLM Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SLM Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SLM Corp's standard deviation. In reality, there are many statistical measures that can use SLM Corp historical prices to predict the future SLM Corp's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.039 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4187 |
SLM Corp Backtested Returns
At this point, SLM Corp is very steady. SLM Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0821, which indicates the firm had a 0.0821% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sanlam, which you can use to evaluate the volatility of the company. Please validate SLM Corp's Coefficient Of Variation of 1644.48, risk adjusted performance of 0.0489, and Semi Deviation of 0.9336 to confirm if the risk estimate we provide is consistent with the expected return of 0.0842%. SLM Corp has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SLM Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding SLM Corp is expected to be smaller as well. SLM Corp right now has a risk of 1.03%. Please validate SLM Corp potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if SLM Corp will be following its existing price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Sanlam has very weak reverse predictability. Overlapping area represents the amount of predictability between SLM Corp time series from 5th of October 2024 to 4th of November 2024 and 4th 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 SLM Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current SLM Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 4950.92 |
SLM Corp lagged returns against current returns
Autocorrelation, which is SLM Corp 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 SLM Corp's stock expected returns. We can calculate the autocorrelation of SLM Corp returns to help us make a trade decision. For example, suppose you find that SLM Corp 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 |
SLM Corp 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 SLM Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SLM Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SLM Corp stock over time.
Current vs Lagged Prices |
| Timeline |
SLM Corp Lagged Returns
When evaluating SLM Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SLM Corp stock have on its future price. SLM Corp 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, SLM Corp autocorrelation shows the relationship between SLM Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Sanlam.
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 SLM Stock
SLM Corp financial ratios help investors to determine whether SLM 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 SLM with respect to the benefits of owning SLM Corp security.