Sleep Number (Germany) Market Value
| SL2 Stock | EUR 14.30 1.00 7.52% |
| Symbol | Sleep |
Sleep Number '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 Sleep Number'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 Sleep Number.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sleep Number on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sleep Number Corp or generate 0.0% return on investment in Sleep Number over 30 days. Sleep Number is related to or competes with Silicon Motion, Goodyear Tire, WESTLAKE CHEMICAL, CHEMICAL INDUSTRIES, SHIN-ETSU CHEMICAL, and Sekisui Chemical. Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States More
Sleep Number 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 Sleep Number'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 Sleep Number Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.65 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 32.1 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 8.26 |
Sleep Number Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sleep Number's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sleep Number's standard deviation. In reality, there are many statistical measures that can use Sleep Number historical prices to predict the future Sleep Number's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0247 | |||
| Treynor Ratio | 0.099 |
Sleep Number Corp Backtested Returns
Sleep Number appears to be slightly risky, given 3 months investment horizon. Sleep Number Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0383, which indicates the firm had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sleep Number Corp, which you can use to evaluate the volatility of the company. Please review Sleep Number's Semi Deviation of 4.19, risk adjusted performance of 0.0424, and Coefficient Of Variation of 2264.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sleep Number holds a performance score of 3. The entity has a beta of 2.45, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sleep Number will likely underperform. Please check Sleep Number's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sleep Number's existing price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Sleep Number Corp has below average predictability. Overlapping area represents the amount of predictability between Sleep Number time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Sleep Number Corp price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Sleep Number price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Sleep Number Corp lagged returns against current returns
Autocorrelation, which is Sleep Number 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 Sleep Number's stock expected returns. We can calculate the autocorrelation of Sleep Number returns to help us make a trade decision. For example, suppose you find that Sleep Number 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 |
Sleep Number 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 Sleep Number stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sleep Number stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sleep Number stock over time.
Current vs Lagged Prices |
| Timeline |
Sleep Number Lagged Returns
When evaluating Sleep Number's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sleep Number stock have on its future price. Sleep Number 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, Sleep Number autocorrelation shows the relationship between Sleep Number stock current value and its past values and can show if there is a momentum factor associated with investing in Sleep Number Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Sleep Stock
When determining whether Sleep Number Corp is a strong investment it is important to analyze Sleep Number's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sleep Number's future performance. For an informed investment choice regarding Sleep Stock, refer to the following important reports:Check out Sleep Number Correlation, Sleep Number Volatility and Sleep Number Alpha and Beta module to complement your research on Sleep Number. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Sleep Number technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.