Sonova Holding Ag Stock Market Value
| SONVY Stock | USD 67.94 0.32 0.47% |
| Symbol | Sonova |
Sonova Holding '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 Sonova Holding's pink sheet 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 Sonova Holding.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Sonova Holding on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sonova Holding AG or generate 0.0% return on investment in Sonova Holding over 360 days. Sonova Holding is related to or competes with GN Store, GN Store, Bone Biologics, Smith Nephew, Medtronic PLC, Demant AS, and CONMED. Sonova Holding AG designs, develops, manufactures, and distributes hearing care solutions for adults and children More
Sonova Holding 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 Sonova Holding's pink sheet 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 Sonova Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.92 |
Sonova Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonova Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonova Holding's standard deviation. In reality, there are many statistical measures that can use Sonova Holding historical prices to predict the future Sonova Holding's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sonova Holding'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.
Sonova Holding AG Backtested Returns
Sonova Holding AG owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0235, which indicates the firm had a -0.0235% return per unit of risk over the last 3 months. Sonova Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonova Holding's Variance of 2.52, risk adjusted performance of (0.01), and Coefficient Of Variation of (6,600) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sonova Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonova Holding is expected to be smaller as well. At this point, Sonova Holding AG has a negative expected return of -0.0378%. Please make sure to validate Sonova Holding's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Sonova Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Sonova Holding AG has very good reverse predictability. Overlapping area represents the amount of predictability between Sonova Holding 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 Sonova Holding AG price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Sonova Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 26.78 |
Sonova Holding AG lagged returns against current returns
Autocorrelation, which is Sonova Holding pink sheet'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 Sonova Holding's pink sheet expected returns. We can calculate the autocorrelation of Sonova Holding returns to help us make a trade decision. For example, suppose you find that Sonova Holding has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sonova Holding 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 Sonova Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonova Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonova Holding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sonova Holding Lagged Returns
When evaluating Sonova Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonova Holding pink sheet have on its future price. Sonova Holding 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, Sonova Holding autocorrelation shows the relationship between Sonova Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sonova Holding AG.
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.Additional Tools for Sonova Pink Sheet Analysis
When running Sonova Holding's price analysis, check to measure Sonova Holding'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 Sonova Holding is operating at the current time. Most of Sonova Holding's value examination focuses on studying past and present price action to predict the probability of Sonova Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonova Holding's price. Additionally, you may evaluate how the addition of Sonova Holding to your portfolios can decrease your overall portfolio volatility.