Soltec Power (Spain) Market Value
| SOL Stock | 1.60 0.09 5.33% |
| Symbol | Soltec |
Soltec Power '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 Soltec Power'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 Soltec Power.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Soltec Power on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Soltec Power Holdings or generate 0.0% return on investment in Soltec Power over 30 days. Soltec Power is related to or competes with Solaria Energa, Audax Renovables, Grenergy Renovables, NH Hoteles, and ENCE Energa. More
Soltec Power 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 Soltec Power'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 Soltec Power Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (1.52) |
Soltec Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soltec Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soltec Power's standard deviation. In reality, there are many statistical measures that can use Soltec Power historical prices to predict the future Soltec Power's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (3.93) |
Soltec Power Holdings Backtested Returns
Soltec Power Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Soltec Power Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soltec Power's Variance of 2.86, risk adjusted performance of (0.12), and Coefficient Of Variation of (595.61) to confirm the risk estimate we provide. The entity has a beta of 0.0748, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Soltec Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Soltec Power is expected to be smaller as well. At this point, Soltec Power Holdings has a negative expected return of -0.31%. Please make sure to validate Soltec Power's accumulation distribution, and the relationship between the maximum drawdown and day median price , to decide if Soltec Power Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Soltec Power Holdings has perfect predictability. Overlapping area represents the amount of predictability between Soltec Power time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 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 Soltec Power Holdings price movement. The serial correlation of 1.0 indicates that 100.0% of current Soltec Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Soltec Power Holdings lagged returns against current returns
Autocorrelation, which is Soltec Power 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 Soltec Power's stock expected returns. We can calculate the autocorrelation of Soltec Power returns to help us make a trade decision. For example, suppose you find that Soltec Power 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 |
Soltec Power 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 Soltec Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soltec Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soltec Power stock over time.
Current vs Lagged Prices |
| Timeline |
Soltec Power Lagged Returns
When evaluating Soltec Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soltec Power stock have on its future price. Soltec Power 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, Soltec Power autocorrelation shows the relationship between Soltec Power stock current value and its past values and can show if there is a momentum factor associated with investing in Soltec Power Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Soltec Stock
Soltec Power financial ratios help investors to determine whether Soltec 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 Soltec with respect to the benefits of owning Soltec Power security.