Saga Plc (UK) Market Value
| SAGA Stock | 113.80 3.00 2.71% |
| Symbol | Saga |
Saga 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 Saga 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 Saga Plc.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Saga Plc on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Saga plc or generate 0.0% return on investment in Saga Plc over 30 days. Saga Plc is related to or competes with BE Semiconductor, Morgan Advanced, Compagnie Plastic, Cars, Vulcan Materials, Leroy Seafood, and Grieg Seafood. Saga Plc is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Saga 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 Saga 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 Saga plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 5.93 |
Saga Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Plc's standard deviation. In reality, there are many statistical measures that can use Saga Plc historical prices to predict the future Saga Plc's volatility.| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.2509 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | (0.25) |
Saga plc Backtested Returns
Currently, Saga plc is very steady. Saga plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0609, which indicates the firm had a 0.0609% return per unit of risk over the last 3 months. We have found thirty technical indicators for Saga plc, which you can use to evaluate the volatility of the company. Please validate Saga Plc's Semi Deviation of 2.64, coefficient of variation of 1779.56, and Risk Adjusted Performance of 0.0505 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Saga Plc has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Saga Plc are expected to decrease at a much lower rate. During the bear market, Saga Plc is likely to outperform the market. Saga plc right now has a risk of 3.11%. Please validate Saga Plc coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Saga Plc will be following its existing price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Saga plc has very weak reverse predictability. Overlapping area represents the amount of predictability between Saga Plc time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Saga plc price movement. The serial correlation of -0.02 indicates that only 2.0% of current Saga Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
Saga plc lagged returns against current returns
Autocorrelation, which is Saga 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 Saga Plc's stock expected returns. We can calculate the autocorrelation of Saga Plc returns to help us make a trade decision. For example, suppose you find that Saga 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 |
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Saga 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 Saga Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Plc Lagged Returns
When evaluating Saga Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Plc stock have on its future price. Saga 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, Saga Plc autocorrelation shows the relationship between Saga Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Saga plc.
Regressed Prices |
| Timeline |
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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.Additional Tools for Saga Stock Analysis
When running Saga Plc's price analysis, check to measure Saga Plc'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 Saga Plc is operating at the current time. Most of Saga Plc's value examination focuses on studying past and present price action to predict the probability of Saga Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saga Plc's price. Additionally, you may evaluate how the addition of Saga Plc to your portfolios can decrease your overall portfolio volatility.