Somero Enterprise (UK) Market Value
| SOM Stock | 261.00 3.00 1.14% |
| Symbol | Somero |
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.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Somero Enterprise on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Somero Enterprise or generate 0.0% return on investment in Somero Enterprise over 90 days. Somero Enterprise is related to or competes with Global Net, CVS Health, Cardinal Health, Gaztransport, PureTech Health, Naturhouse Health, and Optima Health. Somero Enterprise is entity of United Kingdom More
Somero Enterprise 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 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.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0679 | |||
| Maximum Drawdown | 16.48 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.4 |
Somero Enterprise Market Risk Indicators
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.| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | 0.0577 | |||
| Total Risk Alpha | 0.374 | |||
| Sortino Ratio | 0.0769 | |||
| Treynor Ratio | 0.0685 |
Somero Enterprise Backtested Returns
Somero Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16 % return per unit of risk over the last 3 months. Somero Enterprise exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Somero Enterprise's Semi Deviation of 1.5, risk adjusted performance of 0.0174, and Coefficient Of Variation of 7519.74 to confirm the risk estimate we provide. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Somero Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Somero Enterprise is expected to be smaller as well. At this point, Somero Enterprise has a negative expected return of -0.27%. Please make sure to validate Somero Enterprise's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Somero Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Somero Enterprise has insignificant reverse predictability. Overlapping area represents the amount of predictability between Somero Enterprise time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 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 -0.19 indicates that over 19.0% of current Somero Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 68.07 |
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 |
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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 Somero Stock
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.