SolarEdge Technologies (UK) Market Value
| 0L7S Stock | 10.97 0.15 1.39% |
| Symbol | SolarEdge |
SolarEdge Technologies '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 SolarEdge Technologies' 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 SolarEdge Technologies.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in SolarEdge Technologies on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding SolarEdge Technologies or generate 0.0% return on investment in SolarEdge Technologies over 360 days. SolarEdge Technologies is related to or competes with Darden Restaurants, Gaztransport, Greenroc Mining, Lindsell Train, Cars, AMG Advanced, and Beowulf Mining. SolarEdge Technologies is entity of United Kingdom More
SolarEdge Technologies 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 SolarEdge Technologies' 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 SolarEdge Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 32.91 | |||
| Value At Risk | (10.97) | |||
| Potential Upside | 11.72 |
SolarEdge Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolarEdge Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolarEdge Technologies' standard deviation. In reality, there are many statistical measures that can use SolarEdge Technologies historical prices to predict the future SolarEdge Technologies' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.88) | |||
| Treynor Ratio | 14.95 |
SolarEdge Technologies Backtested Returns
SolarEdge Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. SolarEdge Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SolarEdge Technologies' Variance of 41.69, risk adjusted performance of (0.11), and Coefficient Of Variation of (628.55) to confirm the risk estimate we provide. The entity has a beta of -0.0694, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SolarEdge Technologies are expected to decrease at a much lower rate. During the bear market, SolarEdge Technologies is likely to outperform the market. At this point, SolarEdge Technologies has a negative expected return of -1.15%. Please make sure to validate SolarEdge Technologies' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if SolarEdge Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
SolarEdge Technologies has good predictability. Overlapping area represents the amount of predictability between SolarEdge Technologies time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd of November 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 SolarEdge Technologies price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current SolarEdge Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 88.04 |
SolarEdge Technologies lagged returns against current returns
Autocorrelation, which is SolarEdge Technologies 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 SolarEdge Technologies' stock expected returns. We can calculate the autocorrelation of SolarEdge Technologies returns to help us make a trade decision. For example, suppose you find that SolarEdge Technologies 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 |
SolarEdge Technologies 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 SolarEdge Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolarEdge Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolarEdge Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
SolarEdge Technologies Lagged Returns
When evaluating SolarEdge Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolarEdge Technologies stock have on its future price. SolarEdge Technologies 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, SolarEdge Technologies autocorrelation shows the relationship between SolarEdge Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in SolarEdge Technologies.
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 SolarEdge Stock Analysis
When running SolarEdge Technologies' price analysis, check to measure SolarEdge Technologies' 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 SolarEdge Technologies is operating at the current time. Most of SolarEdge Technologies' value examination focuses on studying past and present price action to predict the probability of SolarEdge Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SolarEdge Technologies' price. Additionally, you may evaluate how the addition of SolarEdge Technologies to your portfolios can decrease your overall portfolio volatility.