San Miguel's market value is the price at which a share of San Miguel trades on a public exchange. It measures the collective expectations of San Miguel Corp investors about its performance. San Miguel is trading at 88.00 as of the 11th of December 2024, a 0.06% increase since the beginning of the trading day. The stock's lowest day price was 86.95. With this module, you can estimate the performance of a buy and hold strategy of San Miguel Corp and determine expected loss or profit from investing in San Miguel over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
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San
San Miguel '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 San Miguel'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 San Miguel.
0.00
11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in San Miguel on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding San Miguel Corp or generate 0.0% return on investment in San Miguel over 30 days.
San Miguel 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 San Miguel'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 San Miguel Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for San Miguel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as San Miguel's standard deviation. In reality, there are many statistical measures that can use San Miguel historical prices to predict the future San Miguel's volatility.
San Miguel Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0831, which indicates the firm had a -0.0831% return per unit of risk over the last 3 months. San Miguel Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate San Miguel's Variance of 1.57, coefficient of variation of (1,114), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, San Miguel's returns are expected to increase less than the market. However, during the bear market, the loss of holding San Miguel is expected to be smaller as well. At this point, San Miguel Corp has a negative expected return of -0.11%. Please make sure to validate San Miguel's accumulation distribution, and the relationship between the potential upside and day median price , to decide if San Miguel Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.07
Virtually no predictability
San Miguel Corp has virtually no predictability. Overlapping area represents the amount of predictability between San Miguel time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 San Miguel Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current San Miguel price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.42
Residual Average
0.0
Price Variance
0.02
San Miguel Corp lagged returns against current returns
Autocorrelation, which is San Miguel 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 San Miguel's stock expected returns. We can calculate the autocorrelation of San Miguel returns to help us make a trade decision. For example, suppose you find that San Miguel 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
San Miguel 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 San Miguel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if San Miguel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in San Miguel stock over time.
Current vs Lagged Prices
Timeline
San Miguel Lagged Returns
When evaluating San Miguel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of San Miguel stock have on its future price. San Miguel 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, San Miguel autocorrelation shows the relationship between San Miguel stock current value and its past values and can show if there is a momentum factor associated with investing in San Miguel Corp.
Regressed Prices
Timeline
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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.