Slm Corp Pb Preferred Stock Market Value
| SLMBP Preferred Stock | USD 74.83 0.60 0.81% |
| Symbol | SLM |
SLM Corp '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 SLM Corp's preferred 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 SLM Corp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in SLM Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SLM Corp Pb or generate 0.0% return on investment in SLM Corp over 30 days. SLM Corp is related to or competes with Capital One, Capital One, Citizens Financial, Wells Fargo, and Equitable Holdings. SLM Corporation, through its subsidiaries, originates and services private education loans to students and their familie... More
SLM Corp 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 SLM Corp's preferred 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 SLM Corp Pb upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.7237 |
SLM Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SLM Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SLM Corp's standard deviation. In reality, there are many statistical measures that can use SLM Corp historical prices to predict the future SLM Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.19) |
SLM Corp Pb Backtested Returns
Currently, SLM Corp Pb is very steady. SLM Corp Pb owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0174, which indicates the firm had a 0.0174% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for SLM Corp Pb, which you can use to evaluate the volatility of the company. Please validate SLM Corp's risk adjusted performance of (0.01), and Variance of 0.2651 to confirm if the risk estimate we provide is consistent with the expected return of 0.0093%. SLM Corp has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.0592, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SLM Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding SLM Corp is expected to be smaller as well. SLM Corp Pb currently has a risk of 0.53%. Please validate SLM Corp total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if SLM Corp will be following its existing price patterns.
Auto-correlation | 0.23 |
Weak predictability
SLM Corp Pb has weak predictability. Overlapping area represents the amount of predictability between SLM Corp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 SLM Corp Pb price movement. The serial correlation of 0.23 indicates that over 23.0% of current SLM Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SLM Corp Pb lagged returns against current returns
Autocorrelation, which is SLM Corp preferred 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 SLM Corp's preferred stock expected returns. We can calculate the autocorrelation of SLM Corp returns to help us make a trade decision. For example, suppose you find that SLM Corp has exhibited high autocorrelation historically, and you observe that the preferred 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 |
SLM Corp 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 SLM Corp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SLM Corp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SLM Corp preferred stock over time.
Current vs Lagged Prices |
| Timeline |
SLM Corp Lagged Returns
When evaluating SLM Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SLM Corp preferred stock have on its future price. SLM Corp 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, SLM Corp autocorrelation shows the relationship between SLM Corp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in SLM Corp Pb.
Regressed Prices |
| Timeline |
Pair Trading with SLM Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SLM Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SLM Corp will appreciate offsetting losses from the drop in the long position's value.Moving against SLM Preferred Stock
| 0.51 | AC | Associated Capital | PairCorr |
| 0.49 | AB | AllianceBernstein | PairCorr |
| 0.48 | MBNKP | Medallion Bank PR | PairCorr |
| 0.43 | C | Citigroup Aggressive Push | PairCorr |
| 0.35 | DIST | Distoken Acquisition | PairCorr |
The ability to find closely correlated positions to SLM Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SLM Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SLM Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SLM Corp Pb to buy it.
The correlation of SLM Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp Pb moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SLM Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for SLM Preferred Stock Analysis
When running SLM Corp's price analysis, check to measure SLM Corp'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 SLM Corp is operating at the current time. Most of SLM Corp's value examination focuses on studying past and present price action to predict the probability of SLM Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SLM Corp's price. Additionally, you may evaluate how the addition of SLM Corp to your portfolios can decrease your overall portfolio volatility.