SBA Communications (Germany) Market Value
| 4SB Stock | 214.30 2.40 1.13% |
| 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.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in SBA Communications on July 5, 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 510 days. SBA Communications is related to or competes with KINGBOARD CHEMICAL, AIR PRODCHEMICALS, THRACE PLASTICS, EAGLE MATERIALS, SEKISUI CHEMICAL, NISSAN CHEMICAL, and Hyster-Yale Materials. 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.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.05 |
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 | 0.0517 | |||
| Jensen Alpha | 0.0706 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5611 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SBA Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SBA Communications Corp Backtested Returns
Currently, SBA Communications Corp is very steady. SBA Communications Corp retains Efficiency (Sharpe Ratio) of 0.0547, which indicates the company had a 0.0547% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SBA Communications, which you can use to evaluate the volatility of the entity. Please validate SBA Communications' Standard Deviation of 1.64, semi deviation of 1.36, and Market Risk Adjusted Performance of 0.5711 to confirm if the risk estimate we provide is consistent with the expected return of 0.0911%. SBA Communications has a performance score of 4 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.16, 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 sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if SBA Communications Corp will be following its current price history.
Auto-correlation | 0.45 |
Average predictability
SBA Communications Corp has average predictability. Overlapping area represents the amount of predictability between SBA Communications 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 SBA Communications Corp price movement. The serial correlation of 0.45 indicates that just about 45.0% of current SBA Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 241.6 |
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 |
Thematic Opportunities
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Additional Tools for SBA Stock Analysis
When running SBA Communications' price analysis, check to measure SBA Communications' 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 SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.