ScalesLimited (Germany) Market Value
| S05 Stock | EUR 2.30 0.02 0.88% |
| Symbol | ScalesLimited |
ScalesLimited '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 ScalesLimited'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 ScalesLimited.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ScalesLimited on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Scales Limited or generate 0.0% return on investment in ScalesLimited over 720 days. ScalesLimited is related to or competes with Apollo Investment, New Residential, EAT WELL, WisdomTree Investments, Clearside Biomedical, AVITA Medical, and Strategic Investments. Scales Corporation Limited engages in the agribusiness activities in New Zealand More
ScalesLimited 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 ScalesLimited'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 Scales Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.39 | |||
| Information Ratio | 0.08 | |||
| Maximum Drawdown | 13.57 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.12 |
ScalesLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ScalesLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ScalesLimited's standard deviation. In reality, there are many statistical measures that can use ScalesLimited historical prices to predict the future ScalesLimited's volatility.| Risk Adjusted Performance | 0.1082 | |||
| Jensen Alpha | 0.3086 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0622 | |||
| Treynor Ratio | 1.44 |
Scales Limited Backtested Returns
ScalesLimited appears to be risky, given 3 months investment horizon. Scales Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Scales Limited, which you can use to evaluate the volatility of the company. Please review ScalesLimited's Coefficient Of Variation of 756.45, risk adjusted performance of 0.1082, and Semi Deviation of 2.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ScalesLimited holds a performance score of 8. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, ScalesLimited's returns are expected to increase less than the market. However, during the bear market, the loss of holding ScalesLimited is expected to be smaller as well. Please check ScalesLimited's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether ScalesLimited's existing price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Scales Limited has poor reverse predictability. Overlapping area represents the amount of predictability between ScalesLimited time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Scales Limited price movement. The serial correlation of -0.4 indicates that just about 40.0% of current ScalesLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Scales Limited lagged returns against current returns
Autocorrelation, which is ScalesLimited 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 ScalesLimited's stock expected returns. We can calculate the autocorrelation of ScalesLimited returns to help us make a trade decision. For example, suppose you find that ScalesLimited 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 |
ScalesLimited 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 ScalesLimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ScalesLimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ScalesLimited stock over time.
Current vs Lagged Prices |
| Timeline |
ScalesLimited Lagged Returns
When evaluating ScalesLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ScalesLimited stock have on its future price. ScalesLimited 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, ScalesLimited autocorrelation shows the relationship between ScalesLimited stock current value and its past values and can show if there is a momentum factor associated with investing in Scales Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ScalesLimited Stock
ScalesLimited financial ratios help investors to determine whether ScalesLimited 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 ScalesLimited with respect to the benefits of owning ScalesLimited security.