Snoogoo Corp Stock Market Value
| SGOO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Snoogoo |
Snoogoo Corp '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 Snoogoo Corp'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 Snoogoo Corp.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Snoogoo Corp on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Snoogoo Corp or generate 0.0% return on investment in Snoogoo Corp over 30 days. Snoogoo Corp is related to or competes with Continental Beverage, Green Planet, Azure Holding, and Four Leaf. It intends to acquire a company either active in the green energy sector or one whose focus is on an aspect of sustainab... More
Snoogoo Corp 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 Snoogoo Corp'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 Snoogoo Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 85.71 |
Snoogoo Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snoogoo Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snoogoo Corp's standard deviation. In reality, there are many statistical measures that can use Snoogoo Corp historical prices to predict the future Snoogoo Corp's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (2.89) | |||
| Treynor Ratio | 0.5385 |
Snoogoo Corp Backtested Returns
Snoogoo Corp 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. Snoogoo Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snoogoo Corp's Variance of 111.32, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -2.43, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Snoogoo Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Snoogoo Corp is expected to outperform it. At this point, Snoogoo Corp has a negative expected return of -1.34%. Please make sure to validate Snoogoo Corp's treynor ratio and day median price , to decide if Snoogoo Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Snoogoo Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Snoogoo Corp time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Snoogoo Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Snoogoo Corp 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 |
Snoogoo Corp lagged returns against current returns
Autocorrelation, which is Snoogoo Corp 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 Snoogoo Corp's pink sheet expected returns. We can calculate the autocorrelation of Snoogoo Corp returns to help us make a trade decision. For example, suppose you find that Snoogoo Corp 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 |
Snoogoo Corp 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 Snoogoo Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snoogoo Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snoogoo Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Snoogoo Corp Lagged Returns
When evaluating Snoogoo Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snoogoo Corp pink sheet have on its future price. Snoogoo Corp 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, Snoogoo Corp autocorrelation shows the relationship between Snoogoo Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Snoogoo Corp.
Regressed Prices |
| Timeline |
Pair Trading with Snoogoo Corp
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 Snoogoo Corp 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 Snoogoo Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Snoogoo Pink Sheet
| 0.62 | HD | Home Depot | PairCorr |
| 0.56 | GSHN | Gushen Inc | PairCorr |
| 0.56 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.53 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.53 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Snoogoo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snoogoo Corp 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 Snoogoo Corp - 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 Snoogoo Corp to buy it.
The correlation of Snoogoo Corp 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 Snoogoo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snoogoo Corp 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 Snoogoo Corp 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 Snoogoo Pink Sheet
Snoogoo Corp financial ratios help investors to determine whether Snoogoo 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 Snoogoo with respect to the benefits of owning Snoogoo Corp security.