ScanSource (Germany) Market Value
| SC3 Stock | EUR 46.80 1.00 2.18% |
| Symbol | ScanSource |
ScanSource '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 ScanSource'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 ScanSource.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in ScanSource on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding ScanSource or generate 0.0% return on investment in ScanSource over 510 days. ScanSource is related to or competes with MULTI-CHEM, AGRICUL BK, United Natural, Varta AG, Nine Dragons, Lyxor 1, and Xtrackers ShortDAX. ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe More
ScanSource 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 ScanSource'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 ScanSource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0151 | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.42 |
ScanSource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ScanSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ScanSource's standard deviation. In reality, there are many statistical measures that can use ScanSource historical prices to predict the future ScanSource's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.0385 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 0.1568 |
ScanSource Backtested Returns
At this point, ScanSource is very steady. ScanSource owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0684, which indicates the firm had a 0.0684% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ScanSource, which you can use to evaluate the volatility of the company. Please validate ScanSource's Risk Adjusted Performance of 0.0562, coefficient of variation of 1556.56, and Semi Deviation of 1.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. ScanSource has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. ScanSource returns are very sensitive to returns on the market. As the market goes up or down, ScanSource is expected to follow. ScanSource right now has a risk of 2.63%. Please validate ScanSource coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if ScanSource will be following its existing price patterns.
Auto-correlation | 0.48 |
Average predictability
ScanSource has average predictability. Overlapping area represents the amount of predictability between ScanSource time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 ScanSource price movement. The serial correlation of 0.48 indicates that about 48.0% of current ScanSource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 6.73 |
ScanSource lagged returns against current returns
Autocorrelation, which is ScanSource 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 ScanSource's stock expected returns. We can calculate the autocorrelation of ScanSource returns to help us make a trade decision. For example, suppose you find that ScanSource 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 |
ScanSource 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 ScanSource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ScanSource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ScanSource stock over time.
Current vs Lagged Prices |
| Timeline |
ScanSource Lagged Returns
When evaluating ScanSource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ScanSource stock have on its future price. ScanSource 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, ScanSource autocorrelation shows the relationship between ScanSource stock current value and its past values and can show if there is a momentum factor associated with investing in ScanSource.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in ScanSource Stock
When determining whether ScanSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ScanSource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Scansource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Scansource Stock:Check out ScanSource Correlation, ScanSource Volatility and ScanSource Alpha and Beta module to complement your research on ScanSource. For more detail on how to invest in ScanSource Stock please use our How to Invest in ScanSource guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
ScanSource technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.