Site Centers Corp Etf Market Value
| SITC Etf | USD 16.16 0.04 0.25% |
| Symbol | Site |
The market value of Site Centers Corp is measured differently than its book value, which is the value of Site that is recorded on the company's balance sheet. Investors also form their own opinion of Site Centers' value that differs from its market value or its book value, called intrinsic value, which is Site Centers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Site Centers' market value can be influenced by many factors that don't directly affect Site Centers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Site Centers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Site Centers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Site Centers' 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.
Site Centers '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 Site Centers' etf 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 Site Centers.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Site Centers on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Site Centers Corp or generate 0.0% return on investment in Site Centers over 720 days. Site Centers is related to or competes with Saul Centers, Acadia Realty, Kite Realty, Retail Opportunity, Inventrust Properties, Brixmor Property, and Netstreit Corp. SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience a... More
Site Centers 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 Site Centers' etf 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 Site Centers Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0862 | |||
| Maximum Drawdown | 48.55 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.6 |
Site Centers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Site Centers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Site Centers' standard deviation. In reality, there are many statistical measures that can use Site Centers historical prices to predict the future Site Centers' volatility.| Risk Adjusted Performance | 0.0863 | |||
| Jensen Alpha | 0.5929 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.3167 | |||
| Treynor Ratio | (2.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Site Centers' 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.
Site Centers Corp Backtested Returns
Site Centers appears to be somewhat reliable, given 3 months investment horizon. Site Centers Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. By inspecting Site Centers' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Site Centers' Semi Deviation of 1.15, risk adjusted performance of 0.0863, and Coefficient Of Variation of 971.04 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Site Centers are expected to decrease at a much lower rate. During the bear market, Site Centers is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
Site Centers Corp has insignificant predictability. Overlapping area represents the amount of predictability between Site Centers time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Site Centers Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Site Centers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.34 |
Site Centers Corp lagged returns against current returns
Autocorrelation, which is Site Centers etf'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 Site Centers' etf expected returns. We can calculate the autocorrelation of Site Centers returns to help us make a trade decision. For example, suppose you find that Site Centers has exhibited high autocorrelation historically, and you observe that the etf 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 |
Site Centers 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 Site Centers etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Site Centers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Site Centers etf over time.
Current vs Lagged Prices |
| Timeline |
Site Centers Lagged Returns
When evaluating Site Centers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Site Centers etf have on its future price. Site Centers 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, Site Centers autocorrelation shows the relationship between Site Centers etf current value and its past values and can show if there is a momentum factor associated with investing in Site Centers Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Site Etf
Site Centers financial ratios help investors to determine whether Site Etf 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 Site with respect to the benefits of owning Site Centers security.