Sirius' market value is the price at which a share of Sirius trades on an exchange. It measures the collective expectations of Sirius XM Holdings investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of Sirius XM Holdings and determine expected loss or profit from investing in Sirius over a given investment horizon. Check out Sirius Correlation, Sirius Volatility and Sirius Alpha and Beta module to complement your research on Sirius.
Please note, there is a significant difference between Sirius' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sirius is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sirius' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sirius '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 Sirius' bond 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 Sirius.
0.00
10/12/2024
No Change 0.00
0.0
In 3 months and 1 day
01/10/2025
0.00
If you would invest 0.00 in Sirius on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sirius XM Holdings or generate 0.0% return on investment in Sirius over 90 days. Sirius is related to or competes with Keurig Dr, Primo Brands, CECO Environmental, Diageo PLC, Oatly Group, and Nippon Steel. More
Sirius 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 Sirius' bond 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 Sirius XM Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sirius' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sirius' standard deviation. In reality, there are many statistical measures that can use Sirius historical prices to predict the future Sirius' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sirius. Your research has to be compared to or analyzed against Sirius' peers to derive any actionable benefits. When done correctly, Sirius' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sirius XM Holdings.
Sirius XM Holdings Backtested Returns
Sirius XM Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0023, which indicates the bond had a -0.0023% return per unit of risk over the last 3 months. Sirius XM Holdings exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sirius' Risk Adjusted Performance of 0.0074, coefficient of variation of 32807.26, and Semi Deviation of 1.52 to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sirius' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sirius is expected to be smaller as well.
Auto-correlation
0.07
Virtually no predictability
Sirius XM Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Sirius time series from 12th of October 2024 to 26th of November 2024 and 26th of November 2024 to 10th 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 Sirius XM Holdings price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Sirius price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
1.92
Sirius XM Holdings lagged returns against current returns
Autocorrelation, which is Sirius bond'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 Sirius' bond expected returns. We can calculate the autocorrelation of Sirius returns to help us make a trade decision. For example, suppose you find that Sirius has exhibited high autocorrelation historically, and you observe that the bond 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
Sirius 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 Sirius bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sirius bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sirius bond over time.
Current vs Lagged Prices
Timeline
Sirius Lagged Returns
When evaluating Sirius' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sirius bond have on its future price. Sirius 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, Sirius autocorrelation shows the relationship between Sirius bond current value and its past values and can show if there is a momentum factor associated with investing in Sirius XM Holdings.
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.
Sirius financial ratios help investors to determine whether Sirius Bond 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 Sirius with respect to the benefits of owning Sirius security.