Sonda SA (Chile) Market Value
SONDA Stock | CLP 347.33 5.88 1.72% |
Symbol | Sonda |
Sonda SA '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 Sonda SA'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 Sonda SA.
11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sonda SA on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sonda SA or generate 0.0% return on investment in Sonda SA over 30 days. Sonda SA is related to or competes with Empresa Nacional, Cencosud, Empresas CMPC, Falabella, and Parq Arauco. Sonda S.A., together with its subsidiaries, provides information technology solutions in Latin America, Chile, Brazil, M... More
Sonda SA 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 Sonda SA'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 Sonda SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.21) | |||
Maximum Drawdown | 5.16 | |||
Value At Risk | (1.84) | |||
Potential Upside | 1.82 |
Sonda SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonda SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonda SA's standard deviation. In reality, there are many statistical measures that can use Sonda SA historical prices to predict the future Sonda SA's volatility.Risk Adjusted Performance | (0.08) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.28) | |||
Treynor Ratio | 2.33 |
Sonda SA Backtested Returns
Sonda SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0411, which indicates the firm had a -0.0411% return per unit of risk over the last 3 months. Sonda SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonda SA's Risk Adjusted Performance of (0.08), coefficient of variation of (839.95), and Variance of 1.2 to confirm the risk estimate we provide. The entity has a beta of -0.0602, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sonda SA are expected to decrease at a much lower rate. During the bear market, Sonda SA is likely to outperform the market. At this point, Sonda SA has a negative expected return of -0.0439%. Please make sure to validate Sonda SA's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Sonda SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Sonda SA has very good predictability. Overlapping area represents the amount of predictability between Sonda SA time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Sonda SA price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sonda SA price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | 0.29 | |
Residual Average | 0.0 | |
Price Variance | 40.43 |
Sonda SA lagged returns against current returns
Autocorrelation, which is Sonda SA 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 Sonda SA's stock expected returns. We can calculate the autocorrelation of Sonda SA returns to help us make a trade decision. For example, suppose you find that Sonda SA 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 |
Sonda SA 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 Sonda SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonda SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonda SA stock over time.
Current vs Lagged Prices |
Timeline |
Sonda SA Lagged Returns
When evaluating Sonda SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonda SA stock have on its future price. Sonda SA 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, Sonda SA autocorrelation shows the relationship between Sonda SA stock current value and its past values and can show if there is a momentum factor associated with investing in Sonda SA.
Regressed Prices |
Timeline |
Pair Trading with Sonda SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sonda SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sonda SA will appreciate offsetting losses from the drop in the long position's value.Moving against Sonda Stock
0.81 | AFPCAPITAL | AFP Capital SA | PairCorr |
0.54 | ENLASA | Energia Latina SA | PairCorr |
0.53 | AAISA | Administradora Americana | PairCorr |
The ability to find closely correlated positions to Sonda SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonda SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sonda SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sonda SA to buy it.
The correlation of Sonda SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonda SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonda SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sonda SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sonda Stock Analysis
When running Sonda SA's price analysis, check to measure Sonda SA'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 Sonda SA is operating at the current time. Most of Sonda SA's value examination focuses on studying past and present price action to predict the probability of Sonda SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonda SA's price. Additionally, you may evaluate how the addition of Sonda SA to your portfolios can decrease your overall portfolio volatility.