Sims' market value is the price at which a share of Sims trades on a public exchange. It measures the collective expectations of Sims Limited investors about its performance. Sims is trading at 8.11 as of the 6th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 8.11. With this module, you can estimate the performance of a buy and hold strategy of Sims Limited and determine expected loss or profit from investing in Sims over a given investment horizon. Check out Sims Correlation, Sims Volatility and Sims Alpha and Beta module to complement your research on Sims.
Please note, there is a significant difference between Sims' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sims is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sims' 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.
Sims '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 Sims' 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 Sims.
0.00
01/17/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/06/2025
0.00
If you would invest 0.00 in Sims on January 17, 2023 and sell it all today you would earn a total of 0.00 from holding Sims Limited or generate 0.0% return on investment in Sims over 720 days. Sims is related to or competes with Reliance Steel, Steel Dynamics, Gerdau SA, and Olympic Steel. Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh... More
Sims 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 Sims' 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 Sims Limited 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 Sims' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sims' standard deviation. In reality, there are many statistical measures that can use Sims historical prices to predict the future Sims' volatility.
At this point, Sims is very steady. Sims Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0666, which indicates the firm had a 0.0666% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Sims Limited, which you can use to evaluate the volatility of the company. Please validate Sims' Variance of 0.4958, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,688) to confirm if the risk estimate we provide is consistent with the expected return of 0.029%. Sims has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sims' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sims is expected to be smaller as well. Sims Limited right now has a risk of 0.44%. Please validate Sims information ratio and rate of daily change , to decide if Sims will be following its existing price patterns.
Auto-correlation
0.30
Below average predictability
Sims Limited has below average predictability. Overlapping area represents the amount of predictability between Sims time series from 17th of January 2023 to 12th of January 2024 and 12th of January 2024 to 6th of January 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 Sims Limited price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sims price fluctuation can be explain by its past prices.
Correlation Coefficient
0.3
Spearman Rank Test
-0.09
Residual Average
0.0
Price Variance
0.56
Sims Limited lagged returns against current returns
Autocorrelation, which is Sims 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 Sims' pink sheet expected returns. We can calculate the autocorrelation of Sims returns to help us make a trade decision. For example, suppose you find that Sims 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
Sims 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 Sims pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sims pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sims pink sheet over time.
Current vs Lagged Prices
Timeline
Sims Lagged Returns
When evaluating Sims' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sims pink sheet have on its future price. Sims 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, Sims autocorrelation shows the relationship between Sims pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sims Limited.
Sims financial ratios help investors to determine whether Sims 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 Sims with respect to the benefits of owning Sims security.