Synthomer Plc Stock Market Value
| SYHMY Stock | USD 3.77 0.00 0.00% |
| Symbol | Synthomer |
Synthomer Plc '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 Synthomer Plc's 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 Synthomer Plc.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Synthomer Plc on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Synthomer plc or generate 0.0% return on investment in Synthomer Plc over 60 days. Synthomer Plc is related to or competes with Alto Ingredients, Danimer Scientific, and Sociedad Quimica. Synthomer plc operates as a specialty chemicals company in the United Kingdom, Germany, Italy, the Netherlands, France, ... More
Synthomer Plc 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 Synthomer Plc's 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 Synthomer plc upside and downside potential and time the market with a certain degree of confidence.
Synthomer Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synthomer Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synthomer Plc's standard deviation. In reality, there are many statistical measures that can use Synthomer Plc historical prices to predict the future Synthomer Plc's volatility.Synthomer plc Backtested Returns
We have found three technical indicators for Synthomer plc, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Synthomer Plc are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Synthomer plc has no correlation between past and present. Overlapping area represents the amount of predictability between Synthomer Plc time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Synthomer plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Synthomer Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Synthomer plc lagged returns against current returns
Autocorrelation, which is Synthomer Plc 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 Synthomer Plc's pink sheet expected returns. We can calculate the autocorrelation of Synthomer Plc returns to help us make a trade decision. For example, suppose you find that Synthomer Plc 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 |
Synthomer Plc 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 Synthomer Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synthomer Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synthomer Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Synthomer Plc Lagged Returns
When evaluating Synthomer Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synthomer Plc pink sheet have on its future price. Synthomer Plc 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, Synthomer Plc autocorrelation shows the relationship between Synthomer Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Synthomer plc.
Regressed Prices |
| Timeline |
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Additional Tools for Synthomer Pink Sheet Analysis
When running Synthomer Plc's price analysis, check to measure Synthomer Plc'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 Synthomer Plc is operating at the current time. Most of Synthomer Plc's value examination focuses on studying past and present price action to predict the probability of Synthomer Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synthomer Plc's price. Additionally, you may evaluate how the addition of Synthomer Plc to your portfolios can decrease your overall portfolio volatility.