Sygnia (South Africa) Market Value
| SYG Stock | 2,270 20.00 0.87% |
| Symbol | Sygnia |
Sygnia '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 Sygnia'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 Sygnia.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Sygnia on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sygnia or generate 0.0% return on investment in Sygnia over 240 days. Sygnia is related to or competes with Alexander Forbes, Advtech, Discovery Holdings, Dipula Income, African Media, and Prosus NV. More
Sygnia 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 Sygnia'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 Sygnia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.0871 | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.95 |
Sygnia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sygnia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sygnia's standard deviation. In reality, there are many statistical measures that can use Sygnia historical prices to predict the future Sygnia's volatility.| Risk Adjusted Performance | 0.0897 | |||
| Jensen Alpha | 0.1681 | |||
| Total Risk Alpha | 0.1193 | |||
| Sortino Ratio | 0.0813 | |||
| Treynor Ratio | (1.28) |
Sygnia Backtested Returns
At this point, Sygnia is very steady. Sygnia 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 have found twenty-nine technical indicators for Sygnia, which you can use to evaluate the volatility of the company. Please validate Sygnia's Semi Deviation of 1.41, coefficient of variation of 936.96, and Risk Adjusted Performance of 0.0897 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Sygnia has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sygnia are expected to decrease at a much lower rate. During the bear market, Sygnia is likely to outperform the market. Sygnia right now has a risk of 1.67%. Please validate Sygnia standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Sygnia will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Sygnia has weak reverse predictability. Overlapping area represents the amount of predictability between Sygnia time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Sygnia price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Sygnia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 19.5 K |
Sygnia lagged returns against current returns
Autocorrelation, which is Sygnia 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 Sygnia's stock expected returns. We can calculate the autocorrelation of Sygnia returns to help us make a trade decision. For example, suppose you find that Sygnia 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 |
Sygnia 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 Sygnia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sygnia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sygnia stock over time.
Current vs Lagged Prices |
| Timeline |
Sygnia Lagged Returns
When evaluating Sygnia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sygnia stock have on its future price. Sygnia 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, Sygnia autocorrelation shows the relationship between Sygnia stock current value and its past values and can show if there is a momentum factor associated with investing in Sygnia.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Sygnia Stock
Sygnia financial ratios help investors to determine whether Sygnia Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sygnia with respect to the benefits of owning Sygnia security.