School Specialty Stock Market Value
| SCOO Stock | USD 0.0001 0.00 0.00% |
| Symbol | School |
School Specialty '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 School Specialty'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 School Specialty.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in School Specialty on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding School Specialty or generate 0.0% return on investment in School Specialty over 30 days. School Specialty is related to or competes with Card Factory, Ceconomy, Bowlin Travel, National Vision, Sally Beauty, MarineMax, and Caseys General. School Specialty, Inc., together with its subsidiaries, provides supplies, furniture, technology products, and curriculu... More
School Specialty 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 School Specialty'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 School Specialty upside and downside potential and time the market with a certain degree of confidence.
School Specialty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for School Specialty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as School Specialty's standard deviation. In reality, there are many statistical measures that can use School Specialty historical prices to predict the future School Specialty's volatility.School Specialty Backtested Returns
We have found three technical indicators for School Specialty, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and School Specialty are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
School Specialty has no correlation between past and present. Overlapping area represents the amount of predictability between School Specialty time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 School Specialty price movement. The serial correlation of 0.0 indicates that just 0.0% of current School Specialty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
School Specialty lagged returns against current returns
Autocorrelation, which is School Specialty 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 School Specialty's pink sheet expected returns. We can calculate the autocorrelation of School Specialty returns to help us make a trade decision. For example, suppose you find that School Specialty 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 |
School Specialty 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 School Specialty pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if School Specialty pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in School Specialty pink sheet over time.
Current vs Lagged Prices |
| Timeline |
School Specialty Lagged Returns
When evaluating School Specialty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of School Specialty pink sheet have on its future price. School Specialty 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, School Specialty autocorrelation shows the relationship between School Specialty pink sheet current value and its past values and can show if there is a momentum factor associated with investing in School Specialty.
Regressed Prices |
| Timeline |
Pair Trading with School Specialty
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 School Specialty 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 School Specialty will appreciate offsetting losses from the drop in the long position's value.Moving together with School Pink Sheet
Moving against School Pink Sheet
The ability to find closely correlated positions to School Specialty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace School Specialty 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 School Specialty - 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 School Specialty to buy it.
The correlation of School Specialty 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 School Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if School Specialty 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 School Specialty 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.Other Information on Investing in School Pink Sheet
School Specialty financial ratios help investors to determine whether School Pink Sheet 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 School with respect to the benefits of owning School Specialty security.