SERITAGE GWTH (Germany) Market Value
| 1D3 Stock | EUR 4.22 0.08 1.93% |
| Symbol | SERITAGE |
SERITAGE GWTH '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 SERITAGE GWTH'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 SERITAGE GWTH.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in SERITAGE GWTH on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding SERITAGE GWTH PRA or generate 0.0% return on investment in SERITAGE GWTH over 30 days. SERITAGE GWTH is related to or competes with Tanger Factory, Hammerson Plc, and Capital Counties. Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned propertie... More
SERITAGE GWTH 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 SERITAGE GWTH'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 SERITAGE GWTH PRA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.16 |
SERITAGE GWTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SERITAGE GWTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SERITAGE GWTH's standard deviation. In reality, there are many statistical measures that can use SERITAGE GWTH historical prices to predict the future SERITAGE GWTH's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.049 |
SERITAGE GWTH PRA Backtested Returns
At this point, SERITAGE GWTH is slightly risky. SERITAGE GWTH PRA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0174, which indicates the firm had a 0.0174% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for SERITAGE GWTH PRA, which you can use to evaluate the volatility of the company. Please validate SERITAGE GWTH's risk adjusted performance of 0.0194, and Coefficient Of Variation of 5797.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0356%. SERITAGE GWTH has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SERITAGE GWTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding SERITAGE GWTH is expected to be smaller as well. SERITAGE GWTH PRA currently has a risk of 2.05%. Please validate SERITAGE GWTH coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if SERITAGE GWTH will be following its existing price patterns.
Auto-correlation | 0.23 |
Weak predictability
SERITAGE GWTH PRA has weak predictability. Overlapping area represents the amount of predictability between SERITAGE GWTH time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 SERITAGE GWTH PRA price movement. The serial correlation of 0.23 indicates that over 23.0% of current SERITAGE GWTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SERITAGE GWTH PRA lagged returns against current returns
Autocorrelation, which is SERITAGE GWTH 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 SERITAGE GWTH's stock expected returns. We can calculate the autocorrelation of SERITAGE GWTH returns to help us make a trade decision. For example, suppose you find that SERITAGE GWTH 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 |
SERITAGE GWTH 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 SERITAGE GWTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SERITAGE GWTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SERITAGE GWTH stock over time.
Current vs Lagged Prices |
| Timeline |
SERITAGE GWTH Lagged Returns
When evaluating SERITAGE GWTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SERITAGE GWTH stock have on its future price. SERITAGE GWTH 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, SERITAGE GWTH autocorrelation shows the relationship between SERITAGE GWTH stock current value and its past values and can show if there is a momentum factor associated with investing in SERITAGE GWTH PRA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SERITAGE Stock
SERITAGE GWTH financial ratios help investors to determine whether SERITAGE 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 SERITAGE with respect to the benefits of owning SERITAGE GWTH security.