SUPREMEX INC (Germany) Market Value
| 557 Stock | EUR 2.62 0.02 0.76% |
| Symbol | SUPREMEX |
SUPREMEX INC '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 SUPREMEX INC'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 SUPREMEX INC.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in SUPREMEX INC on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding SUPREMEX INC or generate 0.0% return on investment in SUPREMEX INC over 570 days. SUPREMEX INC is related to or competes with Laureate Education, Virtus Investment, STRAYER EDUCATION, CHINA EDUCATION, Grand Canyon, REINET INVESTMENTS, and SLR Investment. Supremex Inc. manufactures, markets, and sells envelopes, and paper packaging solutions and specialty products in North ... More
SUPREMEX INC 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 SUPREMEX INC'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 SUPREMEX INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.17 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.73 |
SUPREMEX INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUPREMEX INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUPREMEX INC's standard deviation. In reality, there are many statistical measures that can use SUPREMEX INC historical prices to predict the future SUPREMEX INC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.15) |
SUPREMEX INC Backtested Returns
SUPREMEX INC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0262, which indicates the firm had a -0.0262% return per unit of standard deviation over the last 3 months. SUPREMEX INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUPREMEX INC's variance of 6.77, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SUPREMEX INC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SUPREMEX INC is expected to be smaller as well. At this point, SUPREMEX INC has a negative expected return of -0.0691%. Please make sure to validate SUPREMEX INC's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if SUPREMEX INC performance from the past will be repeated at some future point.
Auto-correlation | -0.27 |
Weak reverse predictability
SUPREMEX INC has weak reverse predictability. Overlapping area represents the amount of predictability between SUPREMEX INC time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 SUPREMEX INC price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current SUPREMEX INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SUPREMEX INC lagged returns against current returns
Autocorrelation, which is SUPREMEX INC 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 SUPREMEX INC's stock expected returns. We can calculate the autocorrelation of SUPREMEX INC returns to help us make a trade decision. For example, suppose you find that SUPREMEX INC 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 |
SUPREMEX INC 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 SUPREMEX INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUPREMEX INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUPREMEX INC stock over time.
Current vs Lagged Prices |
| Timeline |
SUPREMEX INC Lagged Returns
When evaluating SUPREMEX INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUPREMEX INC stock have on its future price. SUPREMEX INC 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, SUPREMEX INC autocorrelation shows the relationship between SUPREMEX INC stock current value and its past values and can show if there is a momentum factor associated with investing in SUPREMEX INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SUPREMEX Stock
SUPREMEX INC financial ratios help investors to determine whether SUPREMEX 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 SUPREMEX with respect to the benefits of owning SUPREMEX INC security.