Source Capital Closed Stock Market Value
| SOR Stock | USD 41.78 0.17 0.41% |
| Symbol | Source |
Source Capital Closed Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Source Capital. If investors know Source will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Source Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 2.5 | Earnings Share 4.78 | Revenue Per Share | Quarterly Revenue Growth (0.05) |
The market value of Source Capital Closed is measured differently than its book value, which is the value of Source that is recorded on the company's balance sheet. Investors also form their own opinion of Source Capital's value that differs from its market value or its book value, called intrinsic value, which is Source Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Source Capital's market value can be influenced by many factors that don't directly affect Source Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Source Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Source Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Source Capital'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.
Source Capital '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 Source Capital'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 Source Capital.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in Source Capital on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Source Capital Closed or generate 0.0% return on investment in Source Capital over 90 days. Source Capital is related to or competes with DTF Tax, MFS Investment, Eaton Vance, Nuveen California, Federated Premier, Blackrock Muniholdings, and Munivest Fund. Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC More
Source Capital 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 Source Capital'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 Source Capital Closed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9749 | |||
| Information Ratio | 0.021 | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.24 |
Source Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Capital's standard deviation. In reality, there are many statistical measures that can use Source Capital historical prices to predict the future Source Capital's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.0196 | |||
| Treynor Ratio | 0.0678 |
Source Capital Closed Backtested Returns
Source Capital Closed owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Source Capital Closed exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Source Capital's Semi Deviation of 0.8946, coefficient of variation of 3419.95, and Risk Adjusted Performance of 0.0254 to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Source Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Source Capital is expected to be smaller as well. At this point, Source Capital Closed has a negative expected return of -0.0028%. Please make sure to validate Source Capital's sortino ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to decide if Source Capital Closed performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Source Capital Closed has weak predictability. Overlapping area represents the amount of predictability between Source Capital time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th 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 Source Capital Closed price movement. The serial correlation of 0.22 indicates that over 22.0% of current Source Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Source Capital Closed lagged returns against current returns
Autocorrelation, which is Source Capital 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 Source Capital's stock expected returns. We can calculate the autocorrelation of Source Capital returns to help us make a trade decision. For example, suppose you find that Source Capital 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 |
Source Capital 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 Source Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Source Capital Lagged Returns
When evaluating Source Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source Capital stock have on its future price. Source Capital 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, Source Capital autocorrelation shows the relationship between Source Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Source Capital Closed.
Regressed Prices |
| Timeline |
Pair Trading with Source Capital
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 Source Capital 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 Source Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Source Stock
The ability to find closely correlated positions to Source Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Source Capital 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 Source Capital - 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 Source Capital Closed to buy it.
The correlation of Source Capital 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 Source Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Capital Closed 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 Source Capital 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 Source Stock Analysis
When running Source Capital's price analysis, check to measure Source Capital'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 Source Capital is operating at the current time. Most of Source Capital's value examination focuses on studying past and present price action to predict the probability of Source Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Source Capital's price. Additionally, you may evaluate how the addition of Source Capital to your portfolios can decrease your overall portfolio volatility.