SS Innovations' market value is the price at which a share of SS Innovations trades on a public exchange. It measures the collective expectations of SS Innovations International investors about its performance. SS Innovations is trading at 8.00 as of the 27th of December 2024. This is a 14.29% up since the beginning of the trading day. The stock's open price was 7.0. With this module, you can estimate the performance of a buy and hold strategy of SS Innovations International and determine expected loss or profit from investing in SS Innovations over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
SSII
SS Innovations '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 SS Innovations' 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 SS Innovations.
0.00
01/07/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/27/2024
0.00
If you would invest 0.00 in SS Innovations on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding SS Innovations International or generate 0.0% return on investment in SS Innovations over 720 days.
SS Innovations 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 SS Innovations' 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 SS Innovations International upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SS Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SS Innovations' standard deviation. In reality, there are many statistical measures that can use SS Innovations historical prices to predict the future SS Innovations' volatility.
SS Innovations is very risky given 3 months investment horizon. SS Innovations Inter retains Efficiency (Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of price deviation over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.44% are justified by taking the suggested risk. Use SS Innovations Inter Risk Adjusted Performance of 0.1417, downside deviation of 10.69, and Mean Deviation of 5.0 to evaluate company specific risk that cannot be diversified away. SS Innovations holds a performance score of 13 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of 1.06, which indicates a somewhat significant risk relative to the market. SS Innovations returns are very sensitive to returns on the market. As the market goes up or down, SS Innovations is expected to follow. Use SS Innovations Inter coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on SS Innovations Inter.
Auto-correlation
-0.27
Weak reverse predictability
SS Innovations International has weak reverse predictability. Overlapping area represents the amount of predictability between SS Innovations time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 SS Innovations Inter price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current SS Innovations price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.07
Residual Average
0.0
Price Variance
1.78
SS Innovations Inter lagged returns against current returns
Autocorrelation, which is SS Innovations 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 SS Innovations' pink sheet expected returns. We can calculate the autocorrelation of SS Innovations returns to help us make a trade decision. For example, suppose you find that SS Innovations 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
SS Innovations 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 SS Innovations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SS Innovations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SS Innovations pink sheet over time.
Current vs Lagged Prices
Timeline
SS Innovations Lagged Returns
When evaluating SS Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SS Innovations pink sheet have on its future price. SS Innovations 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, SS Innovations autocorrelation shows the relationship between SS Innovations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SS Innovations International.