Solaria Energa (Spain) Market Value
SLR Stock | EUR 8.97 0.16 1.75% |
Symbol | Solaria |
Solaria Energa '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 Solaria Energa'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 Solaria Energa.
10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Solaria Energa on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Solaria Energa y or generate 0.0% return on investment in Solaria Energa over 30 days. Solaria Energa is related to or competes with Audax Renovables, Pharma Mar, Cellnex Telecom, Grifols SA, and International Consolidated. Solaria Energa y Medio Ambiente, S.A. engages in the solar photovoltaic power generation business More
Solaria Energa 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 Solaria Energa'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 Solaria Energa y upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.19) | |||
Maximum Drawdown | 13.57 | |||
Value At Risk | (3.63) | |||
Potential Upside | 3.72 |
Solaria Energa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solaria Energa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solaria Energa's standard deviation. In reality, there are many statistical measures that can use Solaria Energa historical prices to predict the future Solaria Energa's volatility.Risk Adjusted Performance | (0.1) | |||
Jensen Alpha | (0.34) | |||
Total Risk Alpha | (0.71) | |||
Treynor Ratio | (10.18) |
Solaria Energa y Backtested Returns
Solaria Energa y owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Solaria Energa y exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solaria Energa's Coefficient Of Variation of (748.28), variance of 5.91, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of 0.0329, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Solaria Energa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solaria Energa is expected to be smaller as well. At this point, Solaria Energa y has a negative expected return of -0.27%. Please make sure to validate Solaria Energa's kurtosis, and the relationship between the maximum drawdown and rate of daily change , to decide if Solaria Energa y performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Solaria Energa y has good predictability. Overlapping area represents the amount of predictability between Solaria Energa time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Solaria Energa y price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Solaria Energa price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.6 | |
Spearman Rank Test | -0.18 | |
Residual Average | 0.0 | |
Price Variance | 0.26 |
Solaria Energa y lagged returns against current returns
Autocorrelation, which is Solaria Energa 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 Solaria Energa's stock expected returns. We can calculate the autocorrelation of Solaria Energa returns to help us make a trade decision. For example, suppose you find that Solaria Energa 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 |
Solaria Energa 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 Solaria Energa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solaria Energa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solaria Energa stock over time.
Current vs Lagged Prices |
Timeline |
Solaria Energa Lagged Returns
When evaluating Solaria Energa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solaria Energa stock have on its future price. Solaria Energa 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, Solaria Energa autocorrelation shows the relationship between Solaria Energa stock current value and its past values and can show if there is a momentum factor associated with investing in Solaria Energa y.
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 Solaria Stock
Solaria Energa financial ratios help investors to determine whether Solaria Stock 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 Solaria with respect to the benefits of owning Solaria Energa security.