South32 (Australia) Market Value
| S32 Stock | 3.72 0.02 0.53% |
| Symbol | South32 |
South32 '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 South32'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 South32.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in South32 on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding South32 or generate 0.0% return on investment in South32 over 720 days. South32 is related to or competes with Oneview Healthcare, EROAD, Sonic Healthcare, Farm Pride, and Austco Healthcare. South32 is entity of Australia. It is traded as Stock on AU exchange. More
South32 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 South32'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 South32 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0805 | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.61 |
South32 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South32's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South32's standard deviation. In reality, there are many statistical measures that can use South32 historical prices to predict the future South32's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.2173 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | 0.535 |
South32 Backtested Returns
South32 appears to be slightly risky, given 3 months investment horizon. South32 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for South32, which you can use to evaluate the volatility of the company. Please review South32's Semi Deviation of 1.43, risk adjusted performance of 0.1214, and Coefficient Of Variation of 663.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, South32 holds a performance score of 12. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, South32's returns are expected to increase less than the market. However, during the bear market, the loss of holding South32 is expected to be smaller as well. Please check South32's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether South32's existing price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
South32 has modest reverse predictability. Overlapping area represents the amount of predictability between South32 time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 South32 price movement. The serial correlation of -0.42 indicates that just about 42.0% of current South32 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
South32 lagged returns against current returns
Autocorrelation, which is South32 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 South32's stock expected returns. We can calculate the autocorrelation of South32 returns to help us make a trade decision. For example, suppose you find that South32 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 |
South32 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 South32 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South32 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South32 stock over time.
Current vs Lagged Prices |
| Timeline |
South32 Lagged Returns
When evaluating South32's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South32 stock have on its future price. South32 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, South32 autocorrelation shows the relationship between South32 stock current value and its past values and can show if there is a momentum factor associated with investing in South32.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for South32 Stock Analysis
When running South32's price analysis, check to measure South32'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 South32 is operating at the current time. Most of South32's value examination focuses on studying past and present price action to predict the probability of South32's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move South32's price. Additionally, you may evaluate how the addition of South32 to your portfolios can decrease your overall portfolio volatility.