Snm Gobal Holdings Stock Market Value
| SNMN Stock | USD 0.0001 0.00 0.00% |
| Symbol | SNM |
SNM Gobal '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 SNM Gobal's 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 SNM Gobal.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in SNM Gobal on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding SNM Gobal Holdings or generate 0.0% return on investment in SNM Gobal over 720 days. SNM Gobal is related to or competes with AMC Entertainment. SNM Global Holdings, Inc., together with its subsidiaries, provides international south Asian media, entertainment, and ... More
SNM Gobal 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 SNM Gobal's 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 SNM Gobal Holdings upside and downside potential and time the market with a certain degree of confidence.
SNM Gobal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNM Gobal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SNM Gobal's standard deviation. In reality, there are many statistical measures that can use SNM Gobal historical prices to predict the future SNM Gobal's volatility.SNM Gobal Holdings Backtested Returns
We have found three technical indicators for SNM Gobal Holdings, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SNM Gobal are completely uncorrelated.
Auto-correlation | 0.45 |
Average predictability
SNM Gobal Holdings has average predictability. Overlapping area represents the amount of predictability between SNM Gobal time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 SNM Gobal Holdings price movement. The serial correlation of 0.45 indicates that just about 45.0% of current SNM Gobal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SNM Gobal Holdings lagged returns against current returns
Autocorrelation, which is SNM Gobal 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 SNM Gobal's pink sheet expected returns. We can calculate the autocorrelation of SNM Gobal returns to help us make a trade decision. For example, suppose you find that SNM Gobal 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 |
SNM Gobal 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 SNM Gobal pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SNM Gobal pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SNM Gobal pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SNM Gobal Lagged Returns
When evaluating SNM Gobal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SNM Gobal pink sheet have on its future price. SNM Gobal 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, SNM Gobal autocorrelation shows the relationship between SNM Gobal pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SNM Gobal Holdings.
Regressed Prices |
| Timeline |
Pair Trading with SNM Gobal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SNM Gobal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SNM Gobal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SNM Gobal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SNM Gobal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SNM Gobal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SNM Gobal Holdings to buy it.
The correlation of SNM Gobal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SNM Gobal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SNM Gobal Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SNM Gobal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in SNM Pink Sheet
SNM Gobal financial ratios help investors to determine whether SNM 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 SNM with respect to the benefits of owning SNM Gobal security.