Santierul Naval (Romania) Market Value
| SNO Stock | 7.15 0.05 0.70% |
| Symbol | Santierul |
Please note, there is a significant difference between Santierul Naval's value and its price as these two are different measures arrived at by different means. Investors typically determine if Santierul Naval is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Santierul Naval'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.
Santierul Naval '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 Santierul Naval'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 Santierul Naval.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Santierul Naval on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Santierul Naval Orsova or generate 0.0% return on investment in Santierul Naval over 720 days. More
Santierul Naval 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 Santierul Naval'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 Santierul Naval Orsova upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0505 | |||
| Maximum Drawdown | 13.32 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.35 |
Santierul Naval Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Santierul Naval's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Santierul Naval's standard deviation. In reality, there are many statistical measures that can use Santierul Naval historical prices to predict the future Santierul Naval's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.1357 | |||
| Total Risk Alpha | 0.0499 | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 0.6824 |
Santierul Naval Orsova Backtested Returns
As of now, Santierul Stock is somewhat reliable. Santierul Naval Orsova owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0725, which indicates the firm had a 0.0725% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Santierul Naval Orsova, which you can use to evaluate the volatility of the company. Please validate Santierul Naval's Semi Deviation of 1.6, coefficient of variation of 1400.89, and Risk Adjusted Performance of 0.0633 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Santierul Naval has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Santierul Naval's returns are expected to increase less than the market. However, during the bear market, the loss of holding Santierul Naval is expected to be smaller as well. Santierul Naval Orsova right now has a risk of 2.17%. Please validate Santierul Naval semi variance, and the relationship between the maximum drawdown and daily balance of power , to decide if Santierul Naval will be following its existing price patterns.
Auto-correlation | 0.33 |
Below average predictability
Santierul Naval Orsova has below average predictability. Overlapping area represents the amount of predictability between Santierul Naval time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Santierul Naval Orsova price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Santierul Naval price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Santierul Naval Orsova lagged returns against current returns
Autocorrelation, which is Santierul Naval 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 Santierul Naval's stock expected returns. We can calculate the autocorrelation of Santierul Naval returns to help us make a trade decision. For example, suppose you find that Santierul Naval 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 |
Santierul Naval 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 Santierul Naval stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Santierul Naval stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Santierul Naval stock over time.
Current vs Lagged Prices |
| Timeline |
Santierul Naval Lagged Returns
When evaluating Santierul Naval's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Santierul Naval stock have on its future price. Santierul Naval 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, Santierul Naval autocorrelation shows the relationship between Santierul Naval stock current value and its past values and can show if there is a momentum factor associated with investing in Santierul Naval Orsova.
Regressed Prices |
| Timeline |
Pair Trading with Santierul Naval
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 Santierul Naval 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 Santierul Naval will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Santierul Naval could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Santierul Naval 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 Santierul Naval - 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 Santierul Naval Orsova to buy it.
The correlation of Santierul Naval 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 Santierul Naval moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Santierul Naval Orsova 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 Santierul Naval 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 Santierul Stock
Santierul Naval financial ratios help investors to determine whether Santierul 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 Santierul with respect to the benefits of owning Santierul Naval security.