Strattec Security Stock Market Value
| STRT Stock | USD 40.87 0.21 0.51% |
| Symbol | Strattec |
Is Automotive Parts & Equipment 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 Strattec Security. If investors know Strattec 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 Strattec Security listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Strattec Security is measured differently than its book value, which is the value of Strattec that is recorded on the company's balance sheet. Investors also form their own opinion of Strattec Security's value that differs from its market value or its book value, called intrinsic value, which is Strattec Security'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 Strattec Security's market value can be influenced by many factors that don't directly affect Strattec Security'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 Strattec Security's value and its price as these two are different measures arrived at by different means. Investors typically determine if Strattec Security is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Strattec Security'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.
Strattec Security '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 Strattec Security'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 Strattec Security.
| 11/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Strattec Security on November 7, 2024 and sell it all today you would earn a total of 0.00 from holding Strattec Security or generate 0.0% return on investment in Strattec Security over 60 days. Strattec Security is related to or competes with Dorman Products, Douglas Dynamics, Monro Muffler, Motorcar Parts, Visteon Corp, Standard, and Stoneridge. Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the ... More
Strattec Security 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 Strattec Security'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 Strattec Security upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0407 | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 5.14 |
Strattec Security Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strattec Security's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strattec Security's standard deviation. In reality, there are many statistical measures that can use Strattec Security historical prices to predict the future Strattec Security's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.1173 | |||
| Total Risk Alpha | 0.0838 | |||
| Sortino Ratio | 0.0498 | |||
| Treynor Ratio | 0.1727 |
Strattec Security Backtested Returns
Currently, Strattec Security is very steady. Strattec Security owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the firm had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Strattec Security, which you can use to evaluate the volatility of the company. Please validate Strattec Security's Risk Adjusted Performance of 0.0466, coefficient of variation of 2052.29, and Semi Deviation of 2.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Strattec Security has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Strattec Security's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strattec Security is expected to be smaller as well. Strattec Security right now has a risk of 2.8%. Please validate Strattec Security downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Strattec Security will be following its existing price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Strattec Security has modest reverse predictability. Overlapping area represents the amount of predictability between Strattec Security time series from 7th of November 2024 to 7th of December 2024 and 7th of December 2024 to 6th of January 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 Strattec Security price movement. The serial correlation of -0.5 indicates that about 50.0% of current Strattec Security price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Strattec Security lagged returns against current returns
Autocorrelation, which is Strattec Security 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 Strattec Security's stock expected returns. We can calculate the autocorrelation of Strattec Security returns to help us make a trade decision. For example, suppose you find that Strattec Security 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 |
Strattec Security 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 Strattec Security stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strattec Security stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strattec Security stock over time.
Current vs Lagged Prices |
| Timeline |
Strattec Security Lagged Returns
When evaluating Strattec Security's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strattec Security stock have on its future price. Strattec Security 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, Strattec Security autocorrelation shows the relationship between Strattec Security stock current value and its past values and can show if there is a momentum factor associated with investing in Strattec Security.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Strattec Stock Analysis
When running Strattec Security's price analysis, check to measure Strattec Security'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 Strattec Security is operating at the current time. Most of Strattec Security's value examination focuses on studying past and present price action to predict the probability of Strattec Security's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strattec Security's price. Additionally, you may evaluate how the addition of Strattec Security to your portfolios can decrease your overall portfolio volatility.