Solarbank Common Stock Market Value
| SUUN Stock | 3.04 0.18 5.59% |
| Symbol | SolarBank |
SolarBank Common '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 SolarBank Common's otc 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 SolarBank Common.
| 12/26/2024 |
| 03/26/2025 |
If you would invest 0.00 in SolarBank Common on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding SolarBank Common or generate 0.0% return on investment in SolarBank Common over 90 days.
SolarBank Common 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 SolarBank Common's otc 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 SolarBank Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.27 | |||
| Information Ratio | 0.0938 | |||
| Maximum Drawdown | 65.95 | |||
| Value At Risk | (12.91) | |||
| Potential Upside | 13.79 |
SolarBank Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolarBank Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolarBank Common's standard deviation. In reality, there are many statistical measures that can use SolarBank Common historical prices to predict the future SolarBank Common's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 0.8807 | |||
| Total Risk Alpha | 0.8482 | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | (1.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SolarBank Common's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SolarBank Common Backtested Returns
SolarBank Common owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11 % return per unit of risk over the last 3 months. We are able to break down and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use SolarBank Common Semi Deviation of 7.19, coefficient of variation of 1051.12, and Risk Adjusted Performance of 0.0894 to evaluate company specific risk that cannot be diversified away. SolarBank Common holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SolarBank Common are expected to decrease at a much lower rate. During the bear market, SolarBank Common is likely to outperform the market. Use SolarBank Common value at risk, as well as the relationship between the kurtosis and market facilitation index , to analyze future returns on SolarBank Common.
Auto-correlation | -0.36 |
Poor reverse predictability
SolarBank Common has poor reverse predictability. Overlapping area represents the amount of predictability between SolarBank Common time series from 26th of December 2024 to 9th of February 2025 and 9th of February 2025 to 26th 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 SolarBank Common price movement. The serial correlation of -0.36 indicates that just about 36.0% of current SolarBank Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
SolarBank Common lagged returns against current returns
Autocorrelation, which is SolarBank Common otc 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 SolarBank Common's otc stock expected returns. We can calculate the autocorrelation of SolarBank Common returns to help us make a trade decision. For example, suppose you find that SolarBank Common has exhibited high autocorrelation historically, and you observe that the otc 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 |
SolarBank Common 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 SolarBank Common otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolarBank Common otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolarBank Common otc stock over time.
Current vs Lagged Prices |
| Timeline |
SolarBank Common Lagged Returns
When evaluating SolarBank Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolarBank Common otc stock have on its future price. SolarBank Common 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, SolarBank Common autocorrelation shows the relationship between SolarBank Common otc stock current value and its past values and can show if there is a momentum factor associated with investing in SolarBank Common.
Regressed Prices |
| Timeline |
Pair Trading with SolarBank Common
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 SolarBank Common 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 SolarBank Common will appreciate offsetting losses from the drop in the long position's value.Moving against SolarBank OTC Stock
| 0.83 | XIFR | XPLR Infrastructure Symbol Change | PairCorr |
| 0.81 | FLNC | Fluence Energy | PairCorr |
| 0.69 | ALCE | Alternus Energy Group | PairCorr |
| 0.62 | NRGV | Energy Vault Holdings | PairCorr |
| 0.62 | HTOOW | Fusion Fuel Green | PairCorr |
The ability to find closely correlated positions to SolarBank Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolarBank Common 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 SolarBank Common - 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 SolarBank Common to buy it.
The correlation of SolarBank Common 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 SolarBank Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolarBank Common 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 SolarBank Common 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.