Solteq PLC (Finland) Market Value
| SOLTEQ Stock | EUR 0.62 0.03 5.08% |
| Symbol | Solteq |
Solteq PLC '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 Solteq PLC'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 Solteq PLC.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Solteq PLC on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Solteq PLC or generate 0.0% return on investment in Solteq PLC over 360 days. Solteq PLC is related to or competes with Tecnotree Oyj, Harvia Oyj, Kamux Suomi, Qt Group, and TietoEVRY Corp. Solteq Oyj, an IT service and software company, provides digital business solutions in Finland, Sweden, Denmark, Poland,... More
Solteq PLC 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 Solteq PLC'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 Solteq PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 5.08 |
Solteq PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solteq PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solteq PLC's standard deviation. In reality, there are many statistical measures that can use Solteq PLC historical prices to predict the future Solteq PLC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.1548 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solteq PLC's 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.
Solteq PLC Backtested Returns
Solteq PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0241, which indicates the firm had a -0.0241% return per unit of risk over the last 3 months. Solteq PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solteq PLC's Risk Adjusted Performance of (0.01), coefficient of variation of (4,147), and Variance of 12.05 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 Solteq PLC are expected to decrease at a much lower rate. During the bear market, Solteq PLC is likely to outperform the market. At this point, Solteq PLC has a negative expected return of -0.0837%. Please make sure to validate Solteq PLC's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Solteq PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Solteq PLC has good predictability. Overlapping area represents the amount of predictability between Solteq PLC time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Solteq PLC price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Solteq PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Solteq PLC lagged returns against current returns
Autocorrelation, which is Solteq PLC 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 Solteq PLC's stock expected returns. We can calculate the autocorrelation of Solteq PLC returns to help us make a trade decision. For example, suppose you find that Solteq PLC 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 |
Solteq PLC 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 Solteq PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solteq PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solteq PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Solteq PLC Lagged Returns
When evaluating Solteq PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solteq PLC stock have on its future price. Solteq PLC 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, Solteq PLC autocorrelation shows the relationship between Solteq PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Solteq PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Solteq Stock
Solteq PLC financial ratios help investors to determine whether Solteq 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 Solteq with respect to the benefits of owning Solteq PLC security.