Sci Engineered Materials Stock Market Value
| SCIA Stock | USD 5.00 0.05 1.01% |
| Symbol | SCI |
SCI Engineered '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 SCI Engineered's otc 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 SCI Engineered.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in SCI Engineered on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding SCI Engineered Materials or generate 0.0% return on investment in SCI Engineered over 30 days. SCI Engineered is related to or competes with ASML Holding, Applied Materials, Lam Research, KLA Tencor, and Teradyne. SCI Engineered Materials, Inc. manufactures and supplies materials for physical vapor deposition thin film applications More
SCI Engineered 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 SCI Engineered's otc 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 SCI Engineered Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.78 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.17 |
SCI Engineered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCI Engineered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCI Engineered's standard deviation. In reality, there are many statistical measures that can use SCI Engineered historical prices to predict the future SCI Engineered's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.21) |
SCI Engineered Materials Backtested Returns
SCI Engineered Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0052, which indicates the company had a -0.0052% return per unit of volatility over the last 3 months. SCI Engineered Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCI Engineered's Market Risk Adjusted Performance of (0.20), standard deviation of 2.66, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The firm has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SCI Engineered's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCI Engineered is expected to be smaller as well. At this point, SCI Engineered Materials has a negative expected return of -0.0141%. Please make sure to validate SCI Engineered's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if SCI Engineered Materials performance from the past will be repeated in the future.
Auto-correlation | -0.32 |
Poor reverse predictability
SCI Engineered Materials has poor reverse predictability. Overlapping area represents the amount of predictability between SCI Engineered time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 SCI Engineered Materials price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current SCI Engineered price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SCI Engineered Materials lagged returns against current returns
Autocorrelation, which is SCI Engineered otc 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 SCI Engineered's otc stock expected returns. We can calculate the autocorrelation of SCI Engineered returns to help us make a trade decision. For example, suppose you find that SCI Engineered has exhibited high autocorrelation historically, and you observe that the otc 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 |
SCI Engineered 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 SCI Engineered otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCI Engineered otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCI Engineered otc stock over time.
Current vs Lagged Prices |
| Timeline |
SCI Engineered Lagged Returns
When evaluating SCI Engineered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCI Engineered otc stock have on its future price. SCI Engineered 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, SCI Engineered autocorrelation shows the relationship between SCI Engineered otc stock current value and its past values and can show if there is a momentum factor associated with investing in SCI Engineered Materials.
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.Other Information on Investing in SCI OTC Stock
SCI Engineered financial ratios help investors to determine whether SCI OTC 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 SCI with respect to the benefits of owning SCI Engineered security.