Sidma SA (Greece) Market Value
| SIDMA Stock | EUR 1.54 0.04 2.67% |
| Symbol | Sidma |
Sidma 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 Sidma SA'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 Sidma SA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sidma SA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sidma SA Steel or generate 0.0% return on investment in Sidma SA over 30 days. Sidma SA is related to or competes with National Bank, EL D, Lampsa Hellenic, Eurobank Ergasias, Alpha Trust, Iktinos Hellas, and Hellenic Telecommunicatio. Steel Products engages in processing and trading of steel products in Greece and internationally More
Sidma 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 Sidma SA'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 Sidma SA Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.58 |
Sidma SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sidma SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sidma SA's standard deviation. In reality, there are many statistical measures that can use Sidma SA historical prices to predict the future Sidma SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.42 |
Sidma SA Steel Backtested Returns
Sidma SA Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0205, which indicates the firm had a -0.0205% return per unit of risk over the last 3 months. Sidma SA Steel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sidma SA's Coefficient Of Variation of (2,247), risk adjusted performance of (0.03), and Variance of 3.16 to confirm the risk estimate we provide. The entity has a beta of -0.0627, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sidma SA are expected to decrease at a much lower rate. During the bear market, Sidma SA is likely to outperform the market. At this point, Sidma SA Steel has a negative expected return of -0.0352%. Please make sure to validate Sidma SA's jensen alpha, kurtosis, price action indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Sidma SA Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Sidma SA Steel has good predictability. Overlapping area represents the amount of predictability between Sidma SA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Sidma SA Steel price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Sidma SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sidma SA Steel lagged returns against current returns
Autocorrelation, which is Sidma SA 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 Sidma SA's stock expected returns. We can calculate the autocorrelation of Sidma SA returns to help us make a trade decision. For example, suppose you find that Sidma SA 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 |
Sidma 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 Sidma SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sidma SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sidma SA stock over time.
Current vs Lagged Prices |
| Timeline |
Sidma SA Lagged Returns
When evaluating Sidma SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sidma SA stock have on its future price. Sidma 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, Sidma SA autocorrelation shows the relationship between Sidma SA stock current value and its past values and can show if there is a momentum factor associated with investing in Sidma SA Steel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sidma Stock
Sidma SA financial ratios help investors to determine whether Sidma Stock 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 Sidma with respect to the benefits of owning Sidma SA security.