Spectra Systems (UK) Market Value
| SPSY Stock | 246.00 4.00 1.60% |
| Symbol | Spectra |
Spectra Systems '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 Spectra Systems' 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 Spectra Systems.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Spectra Systems on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Spectra Systems Corp or generate 0.0% return on investment in Spectra Systems over 360 days. Spectra Systems is related to or competes with Odyssean Investment, MTI Wireless, Aurora Investment, Smithson Investment, Aberdeen Diversified, Zegona Communications, and Medical Properties. More
Spectra Systems 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 Spectra Systems' 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 Spectra Systems Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.98 |
Spectra Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectra Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectra Systems' standard deviation. In reality, there are many statistical measures that can use Spectra Systems historical prices to predict the future Spectra Systems' volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | 0.0536 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.16) |
Spectra Systems Corp Backtested Returns
Currently, Spectra Systems Corp is very steady. Spectra Systems Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0194, which indicates the firm had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Spectra Systems Corp, which you can use to evaluate the volatility of the company. Please validate Spectra Systems' Risk Adjusted Performance of 0.0213, coefficient of variation of 5144.1, and Semi Deviation of 1.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.0414%. Spectra Systems has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spectra Systems are expected to decrease at a much lower rate. During the bear market, Spectra Systems is likely to outperform the market. Spectra Systems Corp right now has a risk of 2.13%. Please validate Spectra Systems coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Spectra Systems will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Spectra Systems Corp has virtually no predictability. Overlapping area represents the amount of predictability between Spectra Systems 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 Spectra Systems Corp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Spectra Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 153.99 |
Spectra Systems Corp lagged returns against current returns
Autocorrelation, which is Spectra Systems 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 Spectra Systems' stock expected returns. We can calculate the autocorrelation of Spectra Systems returns to help us make a trade decision. For example, suppose you find that Spectra Systems 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 |
Spectra Systems 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 Spectra Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectra Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectra Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Spectra Systems Lagged Returns
When evaluating Spectra Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectra Systems stock have on its future price. Spectra Systems 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, Spectra Systems autocorrelation shows the relationship between Spectra Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Spectra Systems Corp.
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 Spectra Stock Analysis
When running Spectra Systems' price analysis, check to measure Spectra Systems' 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 Spectra Systems is operating at the current time. Most of Spectra Systems' value examination focuses on studying past and present price action to predict the probability of Spectra Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spectra Systems' price. Additionally, you may evaluate how the addition of Spectra Systems to your portfolios can decrease your overall portfolio volatility.