Seek (Australia) Market Value
| SEK Stock | 26.39 0.01 0.04% |
| Symbol | Seek |
Seek '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 Seek'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 Seek.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Seek on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Seek or generate 0.0% return on investment in Seek over 60 days. Seek is related to or competes with Medical Developments, Aussie Broadband, Champion Iron, Ironbark Capital, Hansen Technologies, and Environmental. Seek is entity of Australia. It is traded as Stock on AU exchange. More
Seek 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 Seek'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 Seek upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.68 |
Seek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seek's standard deviation. In reality, there are many statistical measures that can use Seek historical prices to predict the future Seek's volatility.| Risk Adjusted Performance | 0.1167 | |||
| Jensen Alpha | 0.1797 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0612 | |||
| Treynor Ratio | 1.05 |
Seek Backtested Returns
Seek appears to be very steady, given 3 months investment horizon. Seek owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Seek, which you can use to evaluate the volatility of the company. Please review Seek's Semi Deviation of 1.16, risk adjusted performance of 0.1167, and Coefficient Of Variation of 682.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Seek holds a performance score of 12. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seek is expected to be smaller as well. Please check Seek's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Seek's existing price patterns will revert.
Auto-correlation | 0.63 |
Good predictability
Seek has good predictability. Overlapping area represents the amount of predictability between Seek time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Seek price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Seek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Seek lagged returns against current returns
Autocorrelation, which is Seek 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 Seek's stock expected returns. We can calculate the autocorrelation of Seek returns to help us make a trade decision. For example, suppose you find that Seek 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 |
Seek 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 Seek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seek stock over time.
Current vs Lagged Prices |
| Timeline |
Seek Lagged Returns
When evaluating Seek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seek stock have on its future price. Seek 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, Seek autocorrelation shows the relationship between Seek stock current value and its past values and can show if there is a momentum factor associated with investing in Seek.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Seek Stock Analysis
When running Seek's price analysis, check to measure Seek'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 Seek is operating at the current time. Most of Seek's value examination focuses on studying past and present price action to predict the probability of Seek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seek's price. Additionally, you may evaluate how the addition of Seek to your portfolios can decrease your overall portfolio volatility.