Sociedad Comercial (Argentina) Market Value
| COME Stock | ARS 243.50 2.50 1.02% |
| Symbol | Sociedad |
Sociedad Comercial '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 Sociedad Comercial'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 Sociedad Comercial.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sociedad Comercial on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sociedad Comercial del or generate 0.0% return on investment in Sociedad Comercial over 180 days. Sociedad Comercial is related to or competes with Telecom Argentina, Transportadora, Harmony Gold, and Agrometal SAI. Sociedad Comercial del Plata S.A. operates in construction, energy, transportation, and real estate sectors in Argentina... More
Sociedad Comercial 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 Sociedad Comercial'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 Sociedad Comercial del upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.17 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.51 |
Sociedad Comercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sociedad Comercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sociedad Comercial's standard deviation. In reality, there are many statistical measures that can use Sociedad Comercial historical prices to predict the future Sociedad Comercial's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.57) |
Sociedad Comercial del Backtested Returns
Sociedad Comercial del owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sociedad Comercial del exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sociedad Comercial's Coefficient Of Variation of (2,335), variance of 5.96, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sociedad Comercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sociedad Comercial is expected to be smaller as well. At this point, Sociedad Comercial del has a negative expected return of -0.26%. Please make sure to validate Sociedad Comercial's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sociedad Comercial del performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Sociedad Comercial del has very good reverse predictability. Overlapping area represents the amount of predictability between Sociedad Comercial time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Sociedad Comercial del price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Sociedad Comercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 230.81 |
Sociedad Comercial del lagged returns against current returns
Autocorrelation, which is Sociedad Comercial 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 Sociedad Comercial's stock expected returns. We can calculate the autocorrelation of Sociedad Comercial returns to help us make a trade decision. For example, suppose you find that Sociedad Comercial 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 |
Sociedad Comercial 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 Sociedad Comercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sociedad Comercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sociedad Comercial stock over time.
Current vs Lagged Prices |
| Timeline |
Sociedad Comercial Lagged Returns
When evaluating Sociedad Comercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sociedad Comercial stock have on its future price. Sociedad Comercial 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, Sociedad Comercial autocorrelation shows the relationship between Sociedad Comercial stock current value and its past values and can show if there is a momentum factor associated with investing in Sociedad Comercial del.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sociedad Stock
Sociedad Comercial financial ratios help investors to determine whether Sociedad 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 Sociedad with respect to the benefits of owning Sociedad Comercial security.