SBA Communications (Germany) Market Value
| 4SB Stock | EUR 203.80 5.40 2.72% |
| Symbol | SBA |
SBA Communications '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 SBA Communications' 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 SBA Communications.
| 03/22/2023 |
| 03/11/2025 |
If you would invest 0.00 in SBA Communications on March 22, 2023 and sell it all today you would earn a total of 0.00 from holding SBA Communications Corp or generate 0.0% return on investment in SBA Communications over 720 days. SBA Communications is related to or competes with CompuGroup Medical, Harmony Gold, Advanced Medical, Geratherm Medical, and Peijia Medical. SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infr... More
SBA Communications 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 SBA Communications' 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 SBA Communications Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.74 |
SBA Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SBA Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SBA Communications' standard deviation. In reality, there are many statistical measures that can use SBA Communications historical prices to predict the future SBA Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0693 | |||
| Treynor Ratio | (0.47) |
SBA Communications Corp Backtested Returns
At this point, SBA Communications is very steady. SBA Communications Corp retains Efficiency (Sharpe Ratio) of close to zero, which indicates the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for SBA Communications, which you can use to evaluate the volatility of the entity. Please validate SBA Communications' Coefficient Of Variation of (2,167), information ratio of (0.01), and Market Risk Adjusted Performance of (0.46) to confirm if the risk estimate we provide is consistent with the expected return of 0.0095%. The firm owns a Beta (Systematic Risk) of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SBA Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding SBA Communications is expected to be smaller as well. SBA Communications Corp at this time owns a risk of 1.66%. Please validate SBA Communications Corp coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if SBA Communications Corp will be following its current price history.
Auto-correlation | -0.37 |
Poor reverse predictability
SBA Communications Corp has poor reverse predictability. Overlapping area represents the amount of predictability between SBA Communications time series from 22nd of March 2023 to 16th of March 2024 and 16th of March 2024 to 11th of March 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 SBA Communications Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current SBA Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 197.11 |
SBA Communications Corp lagged returns against current returns
Autocorrelation, which is SBA Communications 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 SBA Communications' stock expected returns. We can calculate the autocorrelation of SBA Communications returns to help us make a trade decision. For example, suppose you find that SBA Communications 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 |
SBA Communications 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 SBA Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SBA Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SBA Communications stock over time.
Current vs Lagged Prices |
| Timeline |
SBA Communications Lagged Returns
When evaluating SBA Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SBA Communications stock have on its future price. SBA Communications 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, SBA Communications autocorrelation shows the relationship between SBA Communications stock current value and its past values and can show if there is a momentum factor associated with investing in SBA Communications Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in SBA Stock
When determining whether SBA Communications Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBA Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sba Communications Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sba Communications Corp Stock:Check out SBA Communications Correlation, SBA Communications Volatility and SBA Communications Alpha and Beta module to complement your research on SBA Communications. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
SBA Communications technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.