Somero Enterprise's market value is the price at which a share of Somero Enterprise trades on a public exchange. It measures the collective expectations of Somero Enterprise investors about its performance. Somero Enterprise is trading at 325.00 as of the 9th of January 2025, a 0.31 percent decrease since the beginning of the trading day. The stock's lowest day price was 321.23. With this module, you can estimate the performance of a buy and hold strategy of Somero Enterprise and determine expected loss or profit from investing in Somero Enterprise over a given investment horizon. Check out Somero Enterprise Correlation, Somero Enterprise Volatility and Somero Enterprise Alpha and Beta module to complement your research on Somero Enterprise.
Please note, there is a significant difference between Somero Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Somero Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Somero Enterprise'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.
Somero Enterprise '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 Somero Enterprise'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 Somero Enterprise.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Somero Enterprise'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 Somero Enterprise upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Somero Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Somero Enterprise's standard deviation. In reality, there are many statistical measures that can use Somero Enterprise historical prices to predict the future Somero Enterprise's volatility.
Somero Enterprise appears to be very steady, given 3 months investment horizon. Somero Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Somero Enterprise, which you can use to evaluate the volatility of the company. Please review Somero Enterprise's Semi Deviation of 1.61, coefficient of variation of 1305.93, and Risk Adjusted Performance of 0.0681 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Somero Enterprise holds a performance score of 8. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Somero Enterprise are expected to decrease at a much lower rate. During the bear market, Somero Enterprise is likely to outperform the market. Please check Somero Enterprise's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Somero Enterprise's existing price patterns will revert.
Auto-correlation
0.32
Below average predictability
Somero Enterprise has below average predictability. Overlapping area represents the amount of predictability between Somero Enterprise time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Somero Enterprise price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Somero Enterprise price fluctuation can be explain by its past prices.
Correlation Coefficient
0.32
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
616.33
Somero Enterprise lagged returns against current returns
Autocorrelation, which is Somero Enterprise 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 Somero Enterprise's stock expected returns. We can calculate the autocorrelation of Somero Enterprise returns to help us make a trade decision. For example, suppose you find that Somero Enterprise 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
Somero Enterprise 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 Somero Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Somero Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Somero Enterprise stock over time.
Current vs Lagged Prices
Timeline
Somero Enterprise Lagged Returns
When evaluating Somero Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Somero Enterprise stock have on its future price. Somero Enterprise 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, Somero Enterprise autocorrelation shows the relationship between Somero Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Somero Enterprise.
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.
Somero Enterprise financial ratios help investors to determine whether Somero 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 Somero with respect to the benefits of owning Somero Enterprise security.