Schindler Holding's market value is the price at which a share of Schindler Holding trades on a public exchange. It measures the collective expectations of Schindler Holding AG investors about its performance. Schindler Holding is trading at 288.86 as of the 26th of November 2024. This is a 2.03 percent decrease since the beginning of the trading day. The stock's lowest day price was 288.86. With this module, you can estimate the performance of a buy and hold strategy of Schindler Holding AG and determine expected loss or profit from investing in Schindler Holding over a given investment horizon. Check out Schindler Holding Correlation, Schindler Holding Volatility and Schindler Holding Alpha and Beta module to complement your research on Schindler Holding.
Please note, there is a significant difference between Schindler Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schindler Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schindler Holding'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.
Schindler Holding '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 Schindler Holding'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 Schindler Holding.
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10/27/2024
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If you would invest 0.00 in Schindler Holding on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Schindler Holding AG or generate 0.0% return on investment in Schindler Holding over 30 days. Schindler Holding AG engages in the production, installation, maintenance, and modernization of elevators, escalators, a... More
Schindler Holding 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 Schindler Holding'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 Schindler Holding AG 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 Schindler Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schindler Holding's standard deviation. In reality, there are many statistical measures that can use Schindler Holding historical prices to predict the future Schindler Holding's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Schindler Holding. Your research has to be compared to or analyzed against Schindler Holding's peers to derive any actionable benefits. When done correctly, Schindler Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Schindler Holding.
Schindler Holding Backtested Returns
Schindler Holding appears to be very steady, given 3 months investment horizon. Schindler Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty technical indicators for Schindler Holding AG, which you can use to evaluate the volatility of the company. Please review Schindler Holding's Risk Adjusted Performance of 0.146, variance of 1.38, and Coefficient Of Variation of 536.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Schindler Holding holds a performance score of 15. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schindler Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schindler Holding is expected to be smaller as well. Please check Schindler Holding's skewness, and the relationship between the jensen alpha and rate of daily change , to make a quick decision on whether Schindler Holding's existing price patterns will revert.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Schindler Holding lagged returns against current returns
Autocorrelation, which is Schindler Holding 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 Schindler Holding's pink sheet expected returns. We can calculate the autocorrelation of Schindler Holding returns to help us make a trade decision. For example, suppose you find that Schindler Holding 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
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Schindler Holding 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 Schindler Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schindler Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schindler Holding pink sheet over time.
Current vs Lagged Prices
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Schindler Holding Lagged Returns
When evaluating Schindler Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schindler Holding pink sheet have on its future price. Schindler Holding 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, Schindler Holding autocorrelation shows the relationship between Schindler Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Schindler Holding AG.
Other Information on Investing in Schindler Pink Sheet
Schindler Holding financial ratios help investors to determine whether Schindler 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 Schindler with respect to the benefits of owning Schindler Holding security.