Selena FM (Poland) Market Value
| SEL Stock | 30.40 0.20 0.65% |
| Symbol | Selena |
Selena FM '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 Selena FM'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 Selena FM.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Selena FM on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Selena FM SA or generate 0.0% return on investment in Selena FM over 180 days.
Selena FM 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 Selena FM'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 Selena FM SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.77 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.43 |
Selena FM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selena FM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selena FM's standard deviation. In reality, there are many statistical measures that can use Selena FM historical prices to predict the future Selena FM's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.3836 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Selena FM'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.
Selena FM SA Backtested Returns
Selena FM SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Selena FM SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Selena FM's Risk Adjusted Performance of (0.05), variance of 6.22, and Coefficient Of Variation of (1,469) to confirm the risk estimate we provide. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Selena FM are expected to decrease at a much lower rate. During the bear market, Selena FM is likely to outperform the market. At this point, Selena FM SA has a negative expected return of -0.32%. Please make sure to validate Selena FM's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Selena FM SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Selena FM SA has poor reverse predictability. Overlapping area represents the amount of predictability between Selena FM time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Selena FM SA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Selena FM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 8.84 |
Selena FM SA lagged returns against current returns
Autocorrelation, which is Selena FM 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 Selena FM's stock expected returns. We can calculate the autocorrelation of Selena FM returns to help us make a trade decision. For example, suppose you find that Selena FM 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 |
Selena FM 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 Selena FM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selena FM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Selena FM stock over time.
Current vs Lagged Prices |
| Timeline |
Selena FM Lagged Returns
When evaluating Selena FM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selena FM stock have on its future price. Selena FM 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, Selena FM autocorrelation shows the relationship between Selena FM stock current value and its past values and can show if there is a momentum factor associated with investing in Selena FM SA.
Regressed Prices |
| Timeline |
Pair Trading with Selena FM
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 Selena FM 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 Selena FM will appreciate offsetting losses from the drop in the long position's value.Moving together with Selena Stock
Moving against Selena Stock
| 0.75 | CEZ | CEZ as | PairCorr |
| 0.58 | DNP | Dino Polska SA | PairCorr |
| 0.46 | UCG | UniCredit SpA | PairCorr |
| 0.43 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to Selena FM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Selena FM 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 Selena FM - 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 Selena FM SA to buy it.
The correlation of Selena FM 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 Selena FM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Selena FM 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 Selena FM 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 Selena Stock Analysis
When running Selena FM's price analysis, check to measure Selena FM'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 Selena FM is operating at the current time. Most of Selena FM's value examination focuses on studying past and present price action to predict the probability of Selena FM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Selena FM's price. Additionally, you may evaluate how the addition of Selena FM to your portfolios can decrease your overall portfolio volatility.