Scotts Miracle-Gro (Germany) Market Value
| SCQA Stock | EUR 73.98 2.24 3.12% |
| Symbol | Scotts |
Scotts Miracle-Gro '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 Scotts Miracle-Gro'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 Scotts Miracle-Gro.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Scotts Miracle-Gro on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding The Scotts Miracle Gro or generate 0.0% return on investment in Scotts Miracle-Gro over 180 days. Scotts Miracle-Gro is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States a... More
Scotts Miracle-Gro 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 Scotts Miracle-Gro'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 The Scotts Miracle Gro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 15.6 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.35 |
Scotts Miracle-Gro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scotts Miracle-Gro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scotts Miracle-Gro's standard deviation. In reality, there are many statistical measures that can use Scotts Miracle-Gro historical prices to predict the future Scotts Miracle-Gro's volatility.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.2443 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.051 | |||
| Treynor Ratio | 1.62 |
Scotts Miracle-Gro Backtested Returns
Scotts Miracle-Gro appears to be very steady, given 3 months investment horizon. Scotts Miracle-Gro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Scotts Miracle Gro, which you can use to evaluate the volatility of the company. Please review Scotts Miracle-Gro's Coefficient Of Variation of 884.34, semi deviation of 2.48, and Risk Adjusted Performance of 0.0933 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scotts Miracle-Gro holds a performance score of 9. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scotts Miracle-Gro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scotts Miracle-Gro is expected to be smaller as well. Please check Scotts Miracle-Gro's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Scotts Miracle-Gro's existing price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
The Scotts Miracle Gro has virtually no predictability. Overlapping area represents the amount of predictability between Scotts Miracle-Gro time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Scotts Miracle-Gro price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Scotts Miracle-Gro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 52.97 |
Scotts Miracle-Gro lagged returns against current returns
Autocorrelation, which is Scotts Miracle-Gro 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 Scotts Miracle-Gro's stock expected returns. We can calculate the autocorrelation of Scotts Miracle-Gro returns to help us make a trade decision. For example, suppose you find that Scotts Miracle-Gro 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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Scotts Miracle-Gro 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 Scotts Miracle-Gro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scotts Miracle-Gro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scotts Miracle-Gro stock over time.
Current vs Lagged Prices |
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Scotts Miracle-Gro Lagged Returns
When evaluating Scotts Miracle-Gro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scotts Miracle-Gro stock have on its future price. Scotts Miracle-Gro 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, Scotts Miracle-Gro autocorrelation shows the relationship between Scotts Miracle-Gro stock current value and its past values and can show if there is a momentum factor associated with investing in The Scotts Miracle Gro.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Scotts Stock
Scotts Miracle-Gro financial ratios help investors to determine whether Scotts 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 Scotts with respect to the benefits of owning Scotts Miracle-Gro security.