SOLENO THERAPEUT's market value is the price at which a share of SOLENO THERAPEUT trades on a public exchange. It measures the collective expectations of SOLENO THERAPEUT DL 001 investors about its performance. SOLENO THERAPEUT is trading at 50.15 as of the 26th of November 2024. This is a 5.38% down since the beginning of the trading day. The stock's lowest day price was 50.15. With this module, you can estimate the performance of a buy and hold strategy of SOLENO THERAPEUT DL 001 and determine expected loss or profit from investing in SOLENO THERAPEUT 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
SOLENO
SOLENO THERAPEUT '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 SOLENO THERAPEUT'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 SOLENO THERAPEUT.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in SOLENO THERAPEUT on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SOLENO THERAPEUT DL 001 or generate 0.0% return on investment in SOLENO THERAPEUT over 30 days.
SOLENO THERAPEUT 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 SOLENO THERAPEUT'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 SOLENO THERAPEUT DL 001 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 SOLENO THERAPEUT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOLENO THERAPEUT's standard deviation. In reality, there are many statistical measures that can use SOLENO THERAPEUT historical prices to predict the future SOLENO THERAPEUT's volatility.
SOLENO THERAPEUT appears to be very steady, given 3 months investment horizon. SOLENO THERAPEUT owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0834, which indicates the firm had a 0.0834% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SOLENO THERAPEUT DL 001, which you can use to evaluate the volatility of the company. Please review SOLENO THERAPEUT's coefficient of variation of 1247.02, and Risk Adjusted Performance of 0.0693 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SOLENO THERAPEUT holds a performance score of 6. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. SOLENO THERAPEUT returns are very sensitive to returns on the market. As the market goes up or down, SOLENO THERAPEUT is expected to follow. Please check SOLENO THERAPEUT's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether SOLENO THERAPEUT's existing price patterns will revert.
Auto-correlation
0.51
Modest predictability
SOLENO THERAPEUT DL 001 has modest predictability. Overlapping area represents the amount of predictability between SOLENO THERAPEUT time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 SOLENO THERAPEUT price movement. The serial correlation of 0.51 indicates that about 51.0% of current SOLENO THERAPEUT price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
0.04
Residual Average
0.0
Price Variance
5.13
SOLENO THERAPEUT lagged returns against current returns
Autocorrelation, which is SOLENO THERAPEUT 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 SOLENO THERAPEUT's stock expected returns. We can calculate the autocorrelation of SOLENO THERAPEUT returns to help us make a trade decision. For example, suppose you find that SOLENO THERAPEUT 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
SOLENO THERAPEUT 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 SOLENO THERAPEUT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOLENO THERAPEUT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOLENO THERAPEUT stock over time.
Current vs Lagged Prices
Timeline
SOLENO THERAPEUT Lagged Returns
When evaluating SOLENO THERAPEUT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOLENO THERAPEUT stock have on its future price. SOLENO THERAPEUT 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, SOLENO THERAPEUT autocorrelation shows the relationship between SOLENO THERAPEUT stock current value and its past values and can show if there is a momentum factor associated with investing in SOLENO THERAPEUT DL 001.