Solar Alliance Energy Stock Market Value
| SOLR Stock | CAD 0.03 0.01 16.67% |
| Symbol | Solar |
Solar Alliance '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 Solar Alliance'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 Solar Alliance.
| 05/12/2024 |
| 01/07/2025 |
If you would invest 0.00 in Solar Alliance on May 12, 2024 and sell it all today you would earn a total of 0.00 from holding Solar Alliance Energy or generate 0.0% return on investment in Solar Alliance over 240 days. Solar Alliance Energy Inc. provides energy solutions in Canada, the United States, and Ireland More
Solar Alliance 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 Solar Alliance'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 Solar Alliance Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 25.0 |
Solar Alliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solar Alliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solar Alliance's standard deviation. In reality, there are many statistical measures that can use Solar Alliance historical prices to predict the future Solar Alliance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.21) |
Solar Alliance Energy Backtested Returns
Solar Alliance Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0205, which indicates the firm had a -0.0205% return per unit of risk over the last 3 months. Solar Alliance Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solar Alliance's Risk Adjusted Performance of (0.01), coefficient of variation of (4,827), and Variance of 179.77 to confirm the risk estimate we provide. The entity has a beta of 1.35, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Solar Alliance will likely underperform. At this point, Solar Alliance Energy has a negative expected return of -0.27%. Please make sure to validate Solar Alliance's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Solar Alliance Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Solar Alliance Energy has very weak predictability. Overlapping area represents the amount of predictability between Solar Alliance time series from 12th of May 2024 to 9th of September 2024 and 9th of September 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Solar Alliance Energy price movement. The serial correlation of 0.19 indicates that over 19.0% of current Solar Alliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solar Alliance Energy lagged returns against current returns
Autocorrelation, which is Solar Alliance 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 Solar Alliance's stock expected returns. We can calculate the autocorrelation of Solar Alliance returns to help us make a trade decision. For example, suppose you find that Solar Alliance 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 |
Solar Alliance 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 Solar Alliance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solar Alliance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solar Alliance stock over time.
Current vs Lagged Prices |
| Timeline |
Solar Alliance Lagged Returns
When evaluating Solar Alliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solar Alliance stock have on its future price. Solar Alliance 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, Solar Alliance autocorrelation shows the relationship between Solar Alliance stock current value and its past values and can show if there is a momentum factor associated with investing in Solar Alliance Energy.
Regressed Prices |
| Timeline |
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Additional Tools for Solar Stock Analysis
When running Solar Alliance's price analysis, check to measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.