SOFTBANK CORP's market value is the price at which a share of SOFTBANK CORP trades on a public exchange. It measures the collective expectations of SOFTBANK P ADR investors about its performance. SOFTBANK CORP is trading at 10.90 as of the 26th of November 2024. This is a 6.03% down since the beginning of the trading day. The stock's lowest day price was 10.9. With this module, you can estimate the performance of a buy and hold strategy of SOFTBANK P ADR and determine expected loss or profit from investing in SOFTBANK CORP over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SOFTBANK
SOFTBANK CORP '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 SOFTBANK CORP'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 SOFTBANK CORP.
0.00
07/05/2023
No Change 0.00
0.0
In 1 year 4 months and 26 days
11/26/2024
0.00
If you would invest 0.00 in SOFTBANK CORP on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding SOFTBANK P ADR or generate 0.0% return on investment in SOFTBANK CORP over 510 days.
SOFTBANK CORP 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 SOFTBANK CORP'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 SOFTBANK P ADR 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 SOFTBANK CORP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOFTBANK CORP's standard deviation. In reality, there are many statistical measures that can use SOFTBANK CORP historical prices to predict the future SOFTBANK CORP's volatility.
SOFTBANK P ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0251, which indicates the firm had a -0.0251% return per unit of volatility over the last 3 months. SOFTBANK P ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOFTBANK CORP's risk adjusted performance of (0.0008), and Variance of 15.16 to confirm the risk estimate we provide. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SOFTBANK CORP's returns are expected to increase less than the market. However, during the bear market, the loss of holding SOFTBANK CORP is expected to be smaller as well. At this point, SOFTBANK P ADR has a negative expected return of -0.0989%. Please make sure to validate SOFTBANK CORP's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if SOFTBANK P ADR performance from the past will be repeated at future time.
Auto-correlation
-0.03
Very weak reverse predictability
SOFTBANK P ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between SOFTBANK CORP time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 SOFTBANK P ADR price movement. The serial correlation of -0.03 indicates that only 3.0% of current SOFTBANK CORP price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.03
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
0.24
SOFTBANK P ADR lagged returns against current returns
Autocorrelation, which is SOFTBANK CORP 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 SOFTBANK CORP's stock expected returns. We can calculate the autocorrelation of SOFTBANK CORP returns to help us make a trade decision. For example, suppose you find that SOFTBANK CORP 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
SOFTBANK CORP 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 SOFTBANK CORP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOFTBANK CORP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOFTBANK CORP stock over time.
Current vs Lagged Prices
Timeline
SOFTBANK CORP Lagged Returns
When evaluating SOFTBANK CORP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOFTBANK CORP stock have on its future price. SOFTBANK CORP 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, SOFTBANK CORP autocorrelation shows the relationship between SOFTBANK CORP stock current value and its past values and can show if there is a momentum factor associated with investing in SOFTBANK P ADR.