Sonaecom SGPS (Portugal) Market Value
| SNC Stock | EUR 2.24 0.02 0.90% |
| Symbol | Sonaecom |
Sonaecom SGPS '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 Sonaecom SGPS'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 Sonaecom SGPS.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sonaecom SGPS on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sonaecom SGPS or generate 0.0% return on investment in Sonaecom SGPS over 30 days. Sonaecom SGPS is related to or competes with Sonae SGPS, Semapa, Mota Engil, Jeronimo Martins, and Altri SGPS. Sonaecom, SGPS, S.A. operates in technology, media, and telecommunications sectors worldwide More
Sonaecom SGPS 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 Sonaecom SGPS'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 Sonaecom SGPS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 2.56 |
Sonaecom SGPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonaecom SGPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonaecom SGPS's standard deviation. In reality, there are many statistical measures that can use Sonaecom SGPS historical prices to predict the future Sonaecom SGPS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.4372 |
Sonaecom SGPS Backtested Returns
Sonaecom SGPS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0835, which indicates the firm had a -0.0835% return per unit of risk over the last 3 months. Sonaecom SGPS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonaecom SGPS's Variance of 4.13, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,197) to confirm the risk estimate we provide. The entity has a beta of -0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sonaecom SGPS are expected to decrease at a much lower rate. During the bear market, Sonaecom SGPS is likely to outperform the market. At this point, Sonaecom SGPS has a negative expected return of -0.17%. Please make sure to validate Sonaecom SGPS's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Sonaecom SGPS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Sonaecom SGPS has below average predictability. Overlapping area represents the amount of predictability between Sonaecom SGPS time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Sonaecom SGPS price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Sonaecom SGPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sonaecom SGPS lagged returns against current returns
Autocorrelation, which is Sonaecom SGPS 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 Sonaecom SGPS's stock expected returns. We can calculate the autocorrelation of Sonaecom SGPS returns to help us make a trade decision. For example, suppose you find that Sonaecom SGPS 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 |
Sonaecom SGPS 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 Sonaecom SGPS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonaecom SGPS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonaecom SGPS stock over time.
Current vs Lagged Prices |
| Timeline |
Sonaecom SGPS Lagged Returns
When evaluating Sonaecom SGPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonaecom SGPS stock have on its future price. Sonaecom SGPS 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, Sonaecom SGPS autocorrelation shows the relationship between Sonaecom SGPS stock current value and its past values and can show if there is a momentum factor associated with investing in Sonaecom SGPS.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Sonaecom Stock Analysis
When running Sonaecom SGPS's price analysis, check to measure Sonaecom SGPS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sonaecom SGPS is operating at the current time. Most of Sonaecom SGPS's value examination focuses on studying past and present price action to predict the probability of Sonaecom SGPS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonaecom SGPS's price. Additionally, you may evaluate how the addition of Sonaecom SGPS to your portfolios can decrease your overall portfolio volatility.