Sce Trust Viii Preferred Stock Market Value
| SCE-PN Preferred Stock | 23.54 0.11 0.47% |
| Symbol | SCE |
SCE Trust '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 SCE Trust's pink sheet 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 SCE Trust.
| 11/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in SCE Trust on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding SCE Trust VIII or generate 0.0% return on investment in SCE Trust over 60 days.
SCE Trust 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 SCE Trust's pink sheet 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 SCE Trust VIII upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.14 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.8843 |
SCE Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCE Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCE Trust's standard deviation. In reality, there are many statistical measures that can use SCE Trust historical prices to predict the future SCE Trust's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 7.78 |
SCE Trust VIII Backtested Returns
SCE Trust VIII owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the company had a -0.11% return per unit of volatility over the last 3 months. SCE Trust VIII exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCE Trust's Standard Deviation of 1.31, risk adjusted performance of (0.1), and Market Risk Adjusted Performance of 7.79 to confirm the risk estimate we provide. The firm has a beta of -0.0213, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SCE Trust are expected to decrease at a much lower rate. During the bear market, SCE Trust is likely to outperform the market. At this point, SCE Trust VIII has a negative expected return of -0.15%. Please make sure to validate SCE Trust's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if SCE Trust VIII performance from the past will be repeated in the future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
SCE Trust VIII has insignificant reverse predictability. Overlapping area represents the amount of predictability between SCE Trust time series from 19th of November 2024 to 19th of December 2024 and 19th of December 2024 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SCE Trust VIII price movement. The serial correlation of -0.17 indicates that over 17.0% of current SCE Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
SCE Trust VIII lagged returns against current returns
Autocorrelation, which is SCE Trust pink sheet'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 SCE Trust's pink sheet expected returns. We can calculate the autocorrelation of SCE Trust returns to help us make a trade decision. For example, suppose you find that SCE Trust has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SCE Trust 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 SCE Trust pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCE Trust pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCE Trust pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SCE Trust Lagged Returns
When evaluating SCE Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCE Trust pink sheet have on its future price. SCE Trust 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, SCE Trust autocorrelation shows the relationship between SCE Trust pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SCE Trust VIII.
Regressed Prices |
| Timeline |
Pair Trading with SCE Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SCE Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SCE Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with SCE Pink Sheet
Moving against SCE Pink Sheet
| 0.74 | AGR | Avangrid | PairCorr |
| 0.59 | ENIC | Enel Chile SA | PairCorr |
| 0.53 | ETR | Entergy | PairCorr |
| 0.4 | CNP | CenterPoint Energy | PairCorr |
The ability to find closely correlated positions to SCE Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCE Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SCE Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SCE Trust VIII to buy it.
The correlation of SCE Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SCE Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SCE Trust VIII moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SCE Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.