Scanway SA (Poland) Market Value
| SCW Stock | 237.00 14.00 6.28% |
| Symbol | Scanway |
Scanway SA '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 Scanway SA'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 Scanway SA.
| 01/31/2024 |
| 01/20/2026 |
If you would invest 0.00 in Scanway SA on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Scanway SA or generate 0.0% return on investment in Scanway SA over 720 days.
Scanway SA 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 Scanway SA'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 Scanway SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.1121 | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.41 |
Scanway SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scanway SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scanway SA's standard deviation. In reality, there are many statistical measures that can use Scanway SA historical prices to predict the future Scanway SA's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.4689 | |||
| Total Risk Alpha | 0.0231 | |||
| Sortino Ratio | 0.1541 | |||
| Treynor Ratio | 1.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scanway SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Scanway SA Backtested Returns
Scanway SA appears to be very steady, given 3 months investment horizon. Scanway SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15 % return per unit of risk over the last 3 months. By inspecting Scanway SA's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Scanway SA's Risk Adjusted Performance of 0.1047, semi deviation of 2.38, and Coefficient Of Variation of 717.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scanway SA holds a performance score of 12. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scanway SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scanway SA is expected to be smaller as well. Please check Scanway SA's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Scanway SA's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Scanway SA has modest predictability. Overlapping area represents the amount of predictability between Scanway SA time series from 31st of January 2024 to 25th of January 2025 and 25th of January 2025 to 20th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Scanway SA price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Scanway SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2362.97 |
Scanway SA lagged returns against current returns
Autocorrelation, which is Scanway SA 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 Scanway SA's stock expected returns. We can calculate the autocorrelation of Scanway SA returns to help us make a trade decision. For example, suppose you find that Scanway SA 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 |
Scanway SA 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 Scanway SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scanway SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scanway SA stock over time.
Current vs Lagged Prices |
| Timeline |
Scanway SA Lagged Returns
When evaluating Scanway SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scanway SA stock have on its future price. Scanway SA 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, Scanway SA autocorrelation shows the relationship between Scanway SA stock current value and its past values and can show if there is a momentum factor associated with investing in Scanway SA.
Regressed Prices |
| Timeline |
Pair Trading with Scanway SA
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 Scanway SA 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 Scanway SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Scanway SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scanway SA 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 Scanway SA - 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 Scanway SA to buy it.
The correlation of Scanway SA 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 Scanway SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scanway SA 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 Scanway SA 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.Additional Tools for Scanway Stock Analysis
When running Scanway SA's price analysis, check to measure Scanway SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Scanway SA is operating at the current time. Most of Scanway SA's value examination focuses on studying past and present price action to predict the probability of Scanway SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scanway SA's price. Additionally, you may evaluate how the addition of Scanway SA to your portfolios can decrease your overall portfolio volatility.