Sonova H (Switzerland) Market Value
| SOON Stock | CHF 267.30 4.20 1.55% |
| Symbol | Sonova |
Sonova H '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 H'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 Sonova H.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sonova H on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sonova H Ag or generate 0.0% return on investment in Sonova H over 90 days. Sonova H is related to or competes with Straumann Holding, Geberit AG, Sika AG, Givaudan, and Lonza Group. Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing ... More
Sonova H 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 H'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 Sonova H Ag upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.33 |
Sonova H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonova H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonova H's standard deviation. In reality, there are many statistical measures that can use Sonova H historical prices to predict the future Sonova H's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 1.03 |
Sonova H Ag Backtested Returns
Sonova H Ag owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. Sonova H Ag exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonova H's Coefficient Of Variation of (829.33), risk adjusted performance of (0.10), and Variance of 1.51 to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sonova H are expected to decrease at a much lower rate. During the bear market, Sonova H is likely to outperform the market. At this point, Sonova H Ag has a negative expected return of -0.15%. Please make sure to validate Sonova H's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Sonova H Ag performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Sonova H Ag has excellent reverse predictability. Overlapping area represents the amount of predictability between Sonova H time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Sonova H Ag price movement. The serial correlation of -0.84 indicates that around 84.0% of current Sonova H price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 137.93 |
Sonova H Ag lagged returns against current returns
Autocorrelation, which is Sonova H 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 Sonova H's stock expected returns. We can calculate the autocorrelation of Sonova H returns to help us make a trade decision. For example, suppose you find that Sonova H 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 |
Sonova H 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 H stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonova H stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonova H stock over time.
Current vs Lagged Prices |
| Timeline |
Sonova H Lagged Returns
When evaluating Sonova H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonova H stock have on its future price. Sonova H 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 H autocorrelation shows the relationship between Sonova H stock current value and its past values and can show if there is a momentum factor associated with investing in Sonova H 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 Stock Analysis
When running Sonova H's price analysis, check to measure Sonova H'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 H is operating at the current time. Most of Sonova H's value examination focuses on studying past and present price action to predict the probability of Sonova H'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 H's price. Additionally, you may evaluate how the addition of Sonova H to your portfolios can decrease your overall portfolio volatility.