Solitron Devices Stock Market Value
| SODI Stock | USD 16.50 0.45 2.65% |
| Symbol | Solitron |
Solitron Devices '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 Solitron Devices' 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 Solitron Devices.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Solitron Devices on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Solitron Devices or generate 0.0% return on investment in Solitron Devices over 30 days. Solitron Devices is related to or competes with Nova, InTest, Onto Innovation, Kulicke, Ichor Holdings, Ultra Clean, and Entegris. Solitron Devices, Inc. designs, develops, manufactures, and markets solid-state semiconductor components and related dev... More
Solitron Devices 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 Solitron Devices' 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 Solitron Devices upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 5.56 |
Solitron Devices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solitron Devices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solitron Devices' standard deviation. In reality, there are many statistical measures that can use Solitron Devices historical prices to predict the future Solitron Devices' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.0983 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solitron Devices' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solitron Devices Backtested Returns
Solitron Devices owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0332, which indicates the firm had a -0.0332% return per unit of risk over the last 3 months. Solitron Devices exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solitron Devices' Risk Adjusted Performance of (0.01), coefficient of variation of (5,677), and Variance of 8.12 to confirm the risk estimate we provide. The entity has a beta of -0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Solitron Devices are expected to decrease at a much lower rate. During the bear market, Solitron Devices is likely to outperform the market. At this point, Solitron Devices has a negative expected return of -0.0961%. Please make sure to validate Solitron Devices' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Solitron Devices performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Solitron Devices has good predictability. Overlapping area represents the amount of predictability between Solitron Devices time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Solitron Devices price movement. The serial correlation of 0.66 indicates that around 66.0% of current Solitron Devices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Solitron Devices lagged returns against current returns
Autocorrelation, which is Solitron Devices 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 Solitron Devices' pink sheet expected returns. We can calculate the autocorrelation of Solitron Devices returns to help us make a trade decision. For example, suppose you find that Solitron Devices 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 |
Solitron Devices 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 Solitron Devices pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solitron Devices pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solitron Devices pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Solitron Devices Lagged Returns
When evaluating Solitron Devices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solitron Devices pink sheet have on its future price. Solitron Devices 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, Solitron Devices autocorrelation shows the relationship between Solitron Devices pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Solitron Devices.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Solitron Pink Sheet
Solitron Devices financial ratios help investors to determine whether Solitron 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 Solitron with respect to the benefits of owning Solitron Devices security.