SALAFIN's market value is the price at which a share of SALAFIN trades on a public exchange. It measures the collective expectations of SALAFIN investors about its performance. SALAFIN is selling at 558.00 as of the 1st of December 2024; that is 0.18% down since the beginning of the trading day. The stock's open price was 559.0. With this module, you can estimate the performance of a buy and hold strategy of SALAFIN and determine expected loss or profit from investing in SALAFIN over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Symbol
SALAFIN
SALAFIN '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 SALAFIN'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 SALAFIN.
0.00
06/10/2023
No Change 0.00
0.0
In 1 year 5 months and 24 days
12/01/2024
0.00
If you would invest 0.00 in SALAFIN on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding SALAFIN or generate 0.0% return on investment in SALAFIN over 540 days.
SALAFIN 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 SALAFIN'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 SALAFIN 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 SALAFIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SALAFIN's standard deviation. In reality, there are many statistical measures that can use SALAFIN historical prices to predict the future SALAFIN's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SALAFIN. Your research has to be compared to or analyzed against SALAFIN's peers to derive any actionable benefits. When done correctly, SALAFIN's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SALAFIN.
SALAFIN Backtested Returns
As of now, SALAFIN Stock is very steady. SALAFIN owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0139, which indicates the company had a 0.0139% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for SALAFIN, which you can use to evaluate the volatility of the entity. Please validate SALAFIN's Risk Adjusted Performance of 0.0049, standard deviation of 2.15, and Market Risk Adjusted Performance of (0.14) to confirm if the risk estimate we provide is consistent with the expected return of 0.0267%. SALAFIN has a performance score of 1 on a scale of 0 to 100. The firm has a beta of 0.0931, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SALAFIN's returns are expected to increase less than the market. However, during the bear market, the loss of holding SALAFIN is expected to be smaller as well. SALAFIN now has a risk of 1.92%. Please validate SALAFIN kurtosis, and the relationship between the maximum drawdown and day median price , to decide if SALAFIN will be following its existing price patterns.
Auto-correlation
0.17
Very weak predictability
SALAFIN has very weak predictability. Overlapping area represents the amount of predictability between SALAFIN time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 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 SALAFIN price movement. The serial correlation of 0.17 indicates that over 17.0% of current SALAFIN price fluctuation can be explain by its past prices.
Correlation Coefficient
0.17
Spearman Rank Test
0.06
Residual Average
0.0
Price Variance
417.1
SALAFIN lagged returns against current returns
Autocorrelation, which is SALAFIN 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 SALAFIN's stock expected returns. We can calculate the autocorrelation of SALAFIN returns to help us make a trade decision. For example, suppose you find that SALAFIN 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
SALAFIN 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 SALAFIN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SALAFIN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SALAFIN stock over time.
Current vs Lagged Prices
Timeline
SALAFIN Lagged Returns
When evaluating SALAFIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SALAFIN stock have on its future price. SALAFIN 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, SALAFIN autocorrelation shows the relationship between SALAFIN stock current value and its past values and can show if there is a momentum factor associated with investing in SALAFIN.
Regressed Prices
Timeline
Also Currently Popular
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.