Seek Ltd Adr Stock Market Value
| SKLTY Stock | USD 33.92 1.01 2.89% |
| Symbol | Seek |
Seek '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 Seek'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 Seek.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Seek on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Seek Ltd ADR or generate 0.0% return on investment in Seek over 180 days. Seek is related to or competes with Meta Platforms, Alphabet, Twilio, Snap, Baidu, and Alphabet. SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia, South East A... More
Seek 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 Seek'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 Seek Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.001) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.6 |
Seek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seek's standard deviation. In reality, there are many statistical measures that can use Seek historical prices to predict the future Seek's volatility.| Risk Adjusted Performance | 0.0626 | |||
| Jensen Alpha | 0.0647 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2628 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seek's 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.
Seek Ltd ADR Backtested Returns
At this stage we consider Seek Pink Sheet to be very steady. Seek Ltd ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0977, which indicates the firm had a 0.0977% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Seek Ltd ADR, which you can use to evaluate the volatility of the company. Please validate Seek's Semi Deviation of 1.4, risk adjusted performance of 0.0626, and Coefficient Of Variation of 1346.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Seek has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Seek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seek is expected to be smaller as well. Seek Ltd ADR right now has a risk of 1.84%. Please validate Seek sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Seek will be following its existing price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Seek Ltd ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Seek time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Seek Ltd ADR price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Seek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Seek Ltd ADR lagged returns against current returns
Autocorrelation, which is Seek 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 Seek's pink sheet expected returns. We can calculate the autocorrelation of Seek returns to help us make a trade decision. For example, suppose you find that Seek 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 |
Seek 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 Seek pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seek pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seek pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Seek Lagged Returns
When evaluating Seek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seek pink sheet have on its future price. Seek 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, Seek autocorrelation shows the relationship between Seek pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Seek Ltd ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Seek Pink Sheet Analysis
When running Seek's price analysis, check to measure Seek's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seek is operating at the current time. Most of Seek's value examination focuses on studying past and present price action to predict the probability of Seek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seek's price. Additionally, you may evaluate how the addition of Seek to your portfolios can decrease your overall portfolio volatility.