STHREE PLC (Germany) Market Value
| S8T Stock | EUR 4.09 0.03 0.74% |
| Symbol | STHREE |
STHREE PLC '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 STHREE PLC'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 STHREE PLC.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in STHREE PLC on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding STHREE PLC LS or generate 0.0% return on investment in STHREE PLC over 30 days. STHREE PLC is related to or competes with Samsung Electronics, ARROW ELECTRONICS, Meiko Electronics, LPKF Laser, and Richardson Electronics. SThree plc provides specialist contract and permanent staffing services for technology, engineering, life sciences, bank... More
STHREE PLC 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 STHREE PLC'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 STHREE PLC LS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 1.96 |
STHREE PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STHREE PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STHREE PLC's standard deviation. In reality, there are many statistical measures that can use STHREE PLC historical prices to predict the future STHREE PLC's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 1.25 |
STHREE PLC LS Backtested Returns
STHREE PLC LS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of volatility over the last 3 months. STHREE PLC LS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STHREE PLC's risk adjusted performance of (0.09), and Variance of 2.43 to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STHREE PLC are expected to decrease at a much lower rate. During the bear market, STHREE PLC is likely to outperform the market. At this point, STHREE PLC LS has a negative expected return of -0.21%. Please make sure to validate STHREE PLC's jensen alpha, potential upside, rate of daily change, as well as the relationship between the treynor ratio and kurtosis , to decide if STHREE PLC LS performance from the past will be repeated at future time.
Auto-correlation | 0.01 |
Virtually no predictability
STHREE PLC LS has virtually no predictability. Overlapping area represents the amount of predictability between STHREE PLC time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 STHREE PLC LS price movement. The serial correlation of 0.01 indicates that just 1.0% of current STHREE PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
STHREE PLC LS lagged returns against current returns
Autocorrelation, which is STHREE PLC 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 STHREE PLC's stock expected returns. We can calculate the autocorrelation of STHREE PLC returns to help us make a trade decision. For example, suppose you find that STHREE PLC 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 |
STHREE PLC 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 STHREE PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STHREE PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STHREE PLC stock over time.
Current vs Lagged Prices |
| Timeline |
STHREE PLC Lagged Returns
When evaluating STHREE PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STHREE PLC stock have on its future price. STHREE PLC 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, STHREE PLC autocorrelation shows the relationship between STHREE PLC stock current value and its past values and can show if there is a momentum factor associated with investing in STHREE PLC LS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STHREE Stock
STHREE PLC financial ratios help investors to determine whether STHREE 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 STHREE with respect to the benefits of owning STHREE PLC security.