Soluna Holdings Preferred Preferred Stock Market Value
| SLNHP Preferred Stock | USD 11.11 0.18 1.59% |
| Symbol | Soluna |
Soluna Holdings '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 Soluna Holdings' 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 Soluna Holdings.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Soluna Holdings on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Soluna Holdings Preferred or generate 0.0% return on investment in Soluna Holdings over 720 days. Soluna Holdings is related to or competes with Soluna Holdings, Presidio Property, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining More
Soluna Holdings 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 Soluna Holdings' 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 Soluna Holdings Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.1514 | |||
| Maximum Drawdown | 45.48 | |||
| Value At Risk | (8.90) | |||
| Potential Upside | 14.55 |
Soluna Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soluna Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soluna Holdings' standard deviation. In reality, there are many statistical measures that can use Soluna Holdings historical prices to predict the future Soluna Holdings' volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 0.1222 | |||
| Sortino Ratio | 0.2185 | |||
| Treynor Ratio | 3.76 |
Soluna Holdings Preferred Backtested Returns
Soluna Holdings is relatively risky given 3 months investment horizon. Soluna Holdings Preferred owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Soluna Holdings Preferred Coefficient Of Variation of 597.69, risk adjusted performance of 0.1372, and Semi Deviation of 4.84 to evaluate company specific risk that cannot be diversified away. Soluna Holdings holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Soluna Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Soluna Holdings is expected to be smaller as well. Use Soluna Holdings Preferred expected short fall, and the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Soluna Holdings Preferred.
Auto-correlation | -0.32 |
Poor reverse predictability
Soluna Holdings Preferred has poor reverse predictability. Overlapping area represents the amount of predictability between Soluna Holdings time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Soluna Holdings Preferred price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Soluna Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 7.56 |
Soluna Holdings Preferred lagged returns against current returns
Autocorrelation, which is Soluna Holdings 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 Soluna Holdings' preferred stock expected returns. We can calculate the autocorrelation of Soluna Holdings returns to help us make a trade decision. For example, suppose you find that Soluna Holdings 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 |
Soluna Holdings 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 Soluna Holdings preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soluna Holdings preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soluna Holdings preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Soluna Holdings Lagged Returns
When evaluating Soluna Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soluna Holdings preferred stock have on its future price. Soluna Holdings 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, Soluna Holdings autocorrelation shows the relationship between Soluna Holdings preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Soluna Holdings Preferred.
Regressed Prices |
| Timeline |
Pair Trading with Soluna Holdings
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 Soluna Holdings 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 Soluna Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Soluna Preferred Stock
Moving against Soluna Preferred Stock
| 0.57 | GIB | CGI Inc | PairCorr |
| 0.49 | JFU | 9F Inc | PairCorr |
| 0.44 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.35 | CTM | Castellum | PairCorr |
The ability to find closely correlated positions to Soluna Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Soluna Holdings 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 Soluna Holdings - 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 Soluna Holdings Preferred to buy it.
The correlation of Soluna Holdings 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 Soluna Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soluna Holdings Preferred 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 Soluna Holdings 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 Soluna Preferred Stock Analysis
When running Soluna Holdings' price analysis, check to measure Soluna Holdings' 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 Soluna Holdings is operating at the current time. Most of Soluna Holdings' value examination focuses on studying past and present price action to predict the probability of Soluna Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soluna Holdings' price. Additionally, you may evaluate how the addition of Soluna Holdings to your portfolios can decrease your overall portfolio volatility.