SGS SA's market value is the price at which a share of SGS SA trades on a public exchange. It measures the collective expectations of SGS SA investors about its performance. SGS SA is trading at 96.93 as of the 1st of February 2025. This is a 1.23% up since the beginning of the trading day. The stock's lowest day price was 96.93. With this module, you can estimate the performance of a buy and hold strategy of SGS SA and determine expected loss or profit from investing in SGS SA over a given investment horizon. Check out SGS SA Correlation, SGS SA Volatility and SGS SA Alpha and Beta module to complement your research on SGS SA.
Please note, there is a significant difference between SGS SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SGS SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SGS SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SGS 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 SGS SA'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 SGS SA.
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02/07/2024
No Change 0.00
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In 11 months and 27 days
02/01/2025
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If you would invest 0.00 in SGS SA on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding SGS SA or generate 0.0% return on investment in SGS SA over 360 days. SGS SA is related to or competes with Air Products, Oatly Group, Arq, Ecovyst, Codexis, Celsius Holdings, and American Vanguard. SGS SA provides inspection, verification, testing, certification, and quality assurance services in Europe, Africa, the ... More
SGS 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 SGS SA'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 SGS SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGS SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGS SA's standard deviation. In reality, there are many statistical measures that can use SGS SA historical prices to predict the future SGS SA's volatility.
SGS SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0317, which indicates the firm had a -0.0317 % return per unit of standard deviation over the last 3 months. SGS SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SGS SA's variance of 5.33, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SGS SA are expected to decrease at a much lower rate. During the bear market, SGS SA is likely to outperform the market. At this point, SGS SA has a negative expected return of -0.0769%. Please make sure to validate SGS SA's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if SGS SA performance from the past will be repeated at future time.
Auto-correlation
-0.32
Poor reverse predictability
SGS SA has poor reverse predictability. Overlapping area represents the amount of predictability between SGS SA time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SGS SA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current SGS SA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.32
Spearman Rank Test
-0.32
Residual Average
0.0
Price Variance
29.83
SGS SA lagged returns against current returns
Autocorrelation, which is SGS SA 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 SGS SA's pink sheet expected returns. We can calculate the autocorrelation of SGS SA returns to help us make a trade decision. For example, suppose you find that SGS SA 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
SGS 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 SGS SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGS SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGS SA pink sheet over time.
Current vs Lagged Prices
Timeline
SGS SA Lagged Returns
When evaluating SGS SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGS SA pink sheet have on its future price. SGS 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, SGS SA autocorrelation shows the relationship between SGS SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SGS SA.
SGS SA financial ratios help investors to determine whether SGS 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 SGS with respect to the benefits of owning SGS SA security.