SIRIUS XM's market value is the price at which a share of SIRIUS XM trades on a public exchange. It measures the collective expectations of SIRIUS XM RADIO investors about its performance. SIRIUS XM is selling for under 24.50 as of the 26th of November 2024; that is 2.31 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 23.32. With this module, you can estimate the performance of a buy and hold strategy of SIRIUS XM RADIO and determine expected loss or profit from investing in SIRIUS XM over a given investment horizon. Check out SIRIUS XM Correlation, SIRIUS XM Volatility and SIRIUS XM Alpha and Beta module to complement your research on SIRIUS XM.
Please note, there is a significant difference between SIRIUS XM's value and its price as these two are different measures arrived at by different means. Investors typically determine if SIRIUS XM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SIRIUS XM's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SIRIUS XM '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 SIRIUS XM'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 SIRIUS XM.
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 SIRIUS XM on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SIRIUS XM RADIO or generate 0.0% return on investment in SIRIUS XM over 30 days. SIRIUS XM is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
SIRIUS XM 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 SIRIUS XM'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 SIRIUS XM RADIO 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 SIRIUS XM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIRIUS XM's standard deviation. In reality, there are many statistical measures that can use SIRIUS XM historical prices to predict the future SIRIUS XM's volatility.
SIRIUS XM RADIO owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0818, which indicates the firm had a -0.0818% return per unit of standard deviation over the last 3 months. SIRIUS XM RADIO exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SIRIUS XM's risk adjusted performance of (0.08), and Variance of 4.41 to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SIRIUS XM are expected to decrease at a much lower rate. During the bear market, SIRIUS XM is likely to outperform the market. At this point, SIRIUS XM RADIO has a negative expected return of -0.17%. Please make sure to validate SIRIUS XM's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if SIRIUS XM RADIO performance from the past will be repeated at future time.
Auto-correlation
0.47
Average predictability
SIRIUS XM RADIO has average predictability. Overlapping area represents the amount of predictability between SIRIUS XM 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 SIRIUS XM RADIO price movement. The serial correlation of 0.47 indicates that about 47.0% of current SIRIUS XM price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
0.49
SIRIUS XM RADIO lagged returns against current returns
Autocorrelation, which is SIRIUS XM 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 SIRIUS XM's stock expected returns. We can calculate the autocorrelation of SIRIUS XM returns to help us make a trade decision. For example, suppose you find that SIRIUS XM 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
SIRIUS XM 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 SIRIUS XM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIRIUS XM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIRIUS XM stock over time.
Current vs Lagged Prices
Timeline
SIRIUS XM Lagged Returns
When evaluating SIRIUS XM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIRIUS XM stock have on its future price. SIRIUS XM 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, SIRIUS XM autocorrelation shows the relationship between SIRIUS XM stock current value and its past values and can show if there is a momentum factor associated with investing in SIRIUS XM RADIO.
Regressed Prices
Timeline
Thematic Opportunities
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When running SIRIUS XM's price analysis, check to measure SIRIUS XM's 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 SIRIUS XM is operating at the current time. Most of SIRIUS XM's value examination focuses on studying past and present price action to predict the probability of SIRIUS XM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SIRIUS XM's price. Additionally, you may evaluate how the addition of SIRIUS XM to your portfolios can decrease your overall portfolio volatility.