Salzgitter Ag Adr Stock Market Value
| SZGPY Stock | USD 1.58 0.06 3.66% |
| Symbol | Salzgitter |
Salzgitter '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 Salzgitter'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 Salzgitter.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Salzgitter on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Salzgitter AG ADR or generate 0.0% return on investment in Salzgitter over 30 days. Salzgitter is related to or competes with Companhia Siderurgica, Olympic Steel, Universal Stainless, Usinas Siderurgicas, POSCO Holdings, and Reliance Steel. Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide More
Salzgitter 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 Salzgitter'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 Salzgitter AG ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.59 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 39.35 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 7.36 |
Salzgitter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salzgitter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salzgitter's standard deviation. In reality, there are many statistical measures that can use Salzgitter historical prices to predict the future Salzgitter's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | 0.0334 |
Salzgitter AG ADR Backtested Returns
Salzgitter AG ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0083, which indicates the firm had a -0.0083% return per unit of risk over the last 3 months. Salzgitter AG ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Salzgitter's Coefficient Of Variation of 7044.5, risk adjusted performance of 0.0198, and Semi Deviation of 3.16 to confirm the risk estimate we provide. The entity has a beta of 1.84, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Salzgitter will likely underperform. At this point, Salzgitter AG ADR has a negative expected return of -0.042%. Please make sure to validate Salzgitter's value at risk, as well as the relationship between the kurtosis and period momentum indicator , to decide if Salzgitter AG ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Salzgitter AG ADR has modest reverse predictability. Overlapping area represents the amount of predictability between Salzgitter time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Salzgitter AG ADR price movement. The serial correlation of -0.46 indicates that about 46.0% of current Salzgitter price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Salzgitter AG ADR lagged returns against current returns
Autocorrelation, which is Salzgitter 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 Salzgitter's pink sheet expected returns. We can calculate the autocorrelation of Salzgitter returns to help us make a trade decision. For example, suppose you find that Salzgitter 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 |
Salzgitter 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 Salzgitter pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salzgitter pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salzgitter pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Salzgitter Lagged Returns
When evaluating Salzgitter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salzgitter pink sheet have on its future price. Salzgitter 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, Salzgitter autocorrelation shows the relationship between Salzgitter pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Salzgitter AG ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Salzgitter Pink Sheet Analysis
When running Salzgitter's price analysis, check to measure Salzgitter'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 Salzgitter is operating at the current time. Most of Salzgitter's value examination focuses on studying past and present price action to predict the probability of Salzgitter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salzgitter's price. Additionally, you may evaluate how the addition of Salzgitter to your portfolios can decrease your overall portfolio volatility.