SOFTCHOICE's market value is the price at which a share of SOFTCHOICE trades on a public exchange. It measures the collective expectations of SOFTCHOICE P investors about its performance. SOFTCHOICE is trading at 15.50 as of the 25th of November 2024. This is a 2.65% up since the beginning of the trading day. The stock's lowest day price was 15.3. With this module, you can estimate the performance of a buy and hold strategy of SOFTCHOICE P and determine expected loss or profit from investing in SOFTCHOICE 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
SOFTCHOICE
SOFTCHOICE '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 SOFTCHOICE'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 SOFTCHOICE.
0.00
12/06/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/25/2024
0.00
If you would invest 0.00 in SOFTCHOICE on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding SOFTCHOICE P or generate 0.0% return on investment in SOFTCHOICE over 720 days.
SOFTCHOICE 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 SOFTCHOICE'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 SOFTCHOICE P 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 SOFTCHOICE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOFTCHOICE's standard deviation. In reality, there are many statistical measures that can use SOFTCHOICE historical prices to predict the future SOFTCHOICE's volatility.
SOFTCHOICE appears to be not too volatile, given 3 months investment horizon. SOFTCHOICE P owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SOFTCHOICE P, which you can use to evaluate the volatility of the company. Please review SOFTCHOICE's risk adjusted performance of 0.1103, and Coefficient Of Variation of 741.86 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SOFTCHOICE holds a performance score of 9. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SOFTCHOICE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SOFTCHOICE is expected to be smaller as well. Please check SOFTCHOICE's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether SOFTCHOICE's existing price patterns will revert.
Auto-correlation
-0.13
Insignificant reverse predictability
SOFTCHOICE P has insignificant reverse predictability. Overlapping area represents the amount of predictability between SOFTCHOICE time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 SOFTCHOICE P price movement. The serial correlation of -0.13 indicates that less than 13.0% of current SOFTCHOICE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.13
Spearman Rank Test
-0.2
Residual Average
0.0
Price Variance
4.21
SOFTCHOICE P lagged returns against current returns
Autocorrelation, which is SOFTCHOICE 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 SOFTCHOICE's stock expected returns. We can calculate the autocorrelation of SOFTCHOICE returns to help us make a trade decision. For example, suppose you find that SOFTCHOICE 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
SOFTCHOICE 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 SOFTCHOICE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOFTCHOICE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOFTCHOICE stock over time.
Current vs Lagged Prices
Timeline
SOFTCHOICE Lagged Returns
When evaluating SOFTCHOICE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOFTCHOICE stock have on its future price. SOFTCHOICE 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, SOFTCHOICE autocorrelation shows the relationship between SOFTCHOICE stock current value and its past values and can show if there is a momentum factor associated with investing in SOFTCHOICE P.