Saule Technologies (Poland) Market Value
| SLT Stock | 1.05 0.08 7.08% |
| Symbol | Saule |
Saule Technologies '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 Saule Technologies' 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 Saule Technologies.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Saule Technologies on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Saule Technologies SA or generate 0.0% return on investment in Saule Technologies over 180 days. Saule Technologies is related to or competes with Clean Carbon, ADX, Agroliga Group, and Vee SA. More
Saule Technologies 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 Saule Technologies' 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 Saule Technologies SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 13.48 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 2.8 |
Saule Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saule Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saule Technologies' standard deviation. In reality, there are many statistical measures that can use Saule Technologies historical prices to predict the future Saule Technologies' volatility.| Risk Adjusted Performance | (0.32) | |||
| Jensen Alpha | (1.52) | |||
| Total Risk Alpha | (1.80) | |||
| Treynor Ratio | (1.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Saule Technologies' 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.
Saule Technologies Backtested Returns
Saule Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.4, which indicates the firm had a -0.4% return per unit of risk over the last 3 months. Saule Technologies SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saule Technologies' Variance of 10.69, risk adjusted performance of (0.32), and Coefficient Of Variation of (230.16) to confirm the risk estimate we provide. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. Saule Technologies returns are very sensitive to returns on the market. As the market goes up or down, Saule Technologies is expected to follow. At this point, Saule Technologies has a negative expected return of -1.43%. Please make sure to validate Saule Technologies' value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Saule Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Saule Technologies SA has weak reverse predictability. Overlapping area represents the amount of predictability between Saule Technologies time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Saule Technologies price movement. The serial correlation of -0.24 indicates that over 24.0% of current Saule Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Saule Technologies lagged returns against current returns
Autocorrelation, which is Saule Technologies 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 Saule Technologies' stock expected returns. We can calculate the autocorrelation of Saule Technologies returns to help us make a trade decision. For example, suppose you find that Saule Technologies 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 |
Saule Technologies 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 Saule Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saule Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saule Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Saule Technologies Lagged Returns
When evaluating Saule Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saule Technologies stock have on its future price. Saule Technologies 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, Saule Technologies autocorrelation shows the relationship between Saule Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Saule Technologies SA.
Regressed Prices |
| Timeline |
Pair Trading with Saule Technologies
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 Saule Technologies 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 Saule Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Saule Stock
Moving against Saule Stock
The ability to find closely correlated positions to Saule Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saule Technologies 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 Saule Technologies - 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 Saule Technologies SA to buy it.
The correlation of Saule Technologies 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 Saule Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saule Technologies 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 Saule Technologies 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 Saule Stock Analysis
When running Saule Technologies' price analysis, check to measure Saule Technologies' 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 Saule Technologies is operating at the current time. Most of Saule Technologies' value examination focuses on studying past and present price action to predict the probability of Saule Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saule Technologies' price. Additionally, you may evaluate how the addition of Saule Technologies to your portfolios can decrease your overall portfolio volatility.