Schoeller Bleckmann (Austria) Market Value
| SBO Stock | EUR 28.55 1.95 6.39% |
| Symbol | Schoeller |
Schoeller Bleckmann '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 Schoeller Bleckmann'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 Schoeller Bleckmann.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Schoeller Bleckmann on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Schoeller Bleckmann Oilfield Equipment or generate 0.0% return on investment in Schoeller Bleckmann over 30 days. Schoeller Bleckmann is related to or competes with Voestalpine, Andritz AG, Wienerberger, OMV Aktiengesellscha, and Lenzing Aktiengesellscha. More
Schoeller Bleckmann 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 Schoeller Bleckmann'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 Schoeller Bleckmann Oilfield Equipment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.52 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.87 |
Schoeller Bleckmann Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schoeller Bleckmann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schoeller Bleckmann's standard deviation. In reality, there are many statistical measures that can use Schoeller Bleckmann historical prices to predict the future Schoeller Bleckmann's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.11) |
Schoeller Bleckmann Backtested Returns
Schoeller Bleckmann owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0485, which indicates the firm had a -0.0485% return per unit of risk over the last 3 months. Schoeller Bleckmann Oilfield Equipment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schoeller Bleckmann's Risk Adjusted Performance of (0.03), variance of 5.05, and Coefficient Of Variation of (1,956) to confirm the risk estimate we provide. The entity has a beta of 1.11, which indicates a somewhat significant risk relative to the market. Schoeller Bleckmann returns are very sensitive to returns on the market. As the market goes up or down, Schoeller Bleckmann is expected to follow. At this point, Schoeller Bleckmann has a negative expected return of -0.1%. Please make sure to validate Schoeller Bleckmann's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Schoeller Bleckmann performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Schoeller Bleckmann Oilfield Equipment has very good reverse predictability. Overlapping area represents the amount of predictability between Schoeller Bleckmann time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Schoeller Bleckmann price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Schoeller Bleckmann price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Schoeller Bleckmann lagged returns against current returns
Autocorrelation, which is Schoeller Bleckmann 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 Schoeller Bleckmann's stock expected returns. We can calculate the autocorrelation of Schoeller Bleckmann returns to help us make a trade decision. For example, suppose you find that Schoeller Bleckmann 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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Schoeller Bleckmann 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 Schoeller Bleckmann stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schoeller Bleckmann stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schoeller Bleckmann stock over time.
Current vs Lagged Prices |
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Schoeller Bleckmann Lagged Returns
When evaluating Schoeller Bleckmann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schoeller Bleckmann stock have on its future price. Schoeller Bleckmann 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, Schoeller Bleckmann autocorrelation shows the relationship between Schoeller Bleckmann stock current value and its past values and can show if there is a momentum factor associated with investing in Schoeller Bleckmann Oilfield Equipment.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Schoeller Stock
Schoeller Bleckmann financial ratios help investors to determine whether Schoeller 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 Schoeller with respect to the benefits of owning Schoeller Bleckmann security.