Southern Cross (Australia) Market Value
| SXL Stock | 0.61 0.02 3.17% |
| Symbol | Southern |
Southern Cross '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 Southern Cross' 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 Southern Cross.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Southern Cross on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Cross Media or generate 0.0% return on investment in Southern Cross over 30 days. Southern Cross is related to or competes with Aneka Tambang, Woolworths, Commonwealth Bank, BHP Group, Rio Tinto, Wesfarmers, and Coles. Southern Cross is entity of Australia. It is traded as Stock on AU exchange. More
Southern Cross 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 Southern Cross' 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 Southern Cross Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.1253 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 6.38 |
Southern Cross Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Cross' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Cross' standard deviation. In reality, there are many statistical measures that can use Southern Cross historical prices to predict the future Southern Cross' volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 0.4451 | |||
| Total Risk Alpha | 0.3908 | |||
| Sortino Ratio | 0.124 | |||
| Treynor Ratio | (2.61) |
Southern Cross Media Backtested Returns
Southern Cross appears to be abnormally volatile, given 3 months investment horizon. Southern Cross Media owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Southern Cross Media, which you can use to evaluate the volatility of the company. Please review Southern Cross' Semi Deviation of 2.46, coefficient of variation of 758.79, and Risk Adjusted Performance of 0.1146 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Southern Cross holds a performance score of 9. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southern Cross are expected to decrease at a much lower rate. During the bear market, Southern Cross is likely to outperform the market. Please check Southern Cross' value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Southern Cross' existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Southern Cross Media has modest predictability. Overlapping area represents the amount of predictability between Southern Cross time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Southern Cross Media price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Southern Cross price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Southern Cross Media lagged returns against current returns
Autocorrelation, which is Southern Cross 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 Southern Cross' stock expected returns. We can calculate the autocorrelation of Southern Cross returns to help us make a trade decision. For example, suppose you find that Southern Cross 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 |
Southern Cross 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 Southern Cross stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Cross stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Cross stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Cross Lagged Returns
When evaluating Southern Cross' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Cross stock have on its future price. Southern Cross 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, Southern Cross autocorrelation shows the relationship between Southern Cross stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Cross Media.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Southern Stock Analysis
When running Southern Cross' price analysis, check to measure Southern Cross' 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 Southern Cross is operating at the current time. Most of Southern Cross' value examination focuses on studying past and present price action to predict the probability of Southern Cross' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Cross' price. Additionally, you may evaluate how the addition of Southern Cross to your portfolios can decrease your overall portfolio volatility.