SM WIRTSCHAFTSBER (Germany) Market Value
| SMWN Stock | EUR 4.76 0.16 3.48% |
| Symbol | SMWN |
SM WIRTSCHAFTSBER '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 SM WIRTSCHAFTSBER'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 SM WIRTSCHAFTSBER.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in SM WIRTSCHAFTSBER on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding SM WIRTSCHAFTSBER N or generate 0.0% return on investment in SM WIRTSCHAFTSBER over 360 days. SM WIRTSCHAFTSBER is related to or competes with Xinhua Winshare, Quaker Chemical, INDO-RAMA SYNTHETIC, Eastman Chemical, Soken Chemical, and G8 EDUCATION. More
SM WIRTSCHAFTSBER 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 SM WIRTSCHAFTSBER'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 SM WIRTSCHAFTSBER N upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.0 |
SM WIRTSCHAFTSBER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SM WIRTSCHAFTSBER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SM WIRTSCHAFTSBER's standard deviation. In reality, there are many statistical measures that can use SM WIRTSCHAFTSBER historical prices to predict the future SM WIRTSCHAFTSBER's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.2614 |
SM WIRTSCHAFTSBER Backtested Returns
SM WIRTSCHAFTSBER retains Efficiency (Sharpe Ratio) of -0.0775, which indicates the firm had a -0.0775% return per unit of price deviation over the last 3 months. SM WIRTSCHAFTSBER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SM WIRTSCHAFTSBER's Mean Deviation of 1.13, risk adjusted performance of (0.05), and Standard Deviation of 3.2 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.99, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning SM WIRTSCHAFTSBER are expected to decrease slowly. On the other hand, during market turmoil, SM WIRTSCHAFTSBER is expected to outperform it slightly. At this point, SM WIRTSCHAFTSBER has a negative expected return of -0.25%. Please make sure to validate SM WIRTSCHAFTSBER's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if SM WIRTSCHAFTSBER performance from the past will be repeated sooner or later.
Auto-correlation | -0.15 |
Insignificant reverse predictability
SM WIRTSCHAFTSBER N has insignificant reverse predictability. Overlapping area represents the amount of predictability between SM WIRTSCHAFTSBER time series from 17th of December 2023 to 14th of June 2024 and 14th of June 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 SM WIRTSCHAFTSBER price movement. The serial correlation of -0.15 indicates that less than 15.0% of current SM WIRTSCHAFTSBER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
SM WIRTSCHAFTSBER lagged returns against current returns
Autocorrelation, which is SM WIRTSCHAFTSBER 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 SM WIRTSCHAFTSBER's stock expected returns. We can calculate the autocorrelation of SM WIRTSCHAFTSBER returns to help us make a trade decision. For example, suppose you find that SM WIRTSCHAFTSBER 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 |
SM WIRTSCHAFTSBER 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 SM WIRTSCHAFTSBER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SM WIRTSCHAFTSBER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SM WIRTSCHAFTSBER stock over time.
Current vs Lagged Prices |
| Timeline |
SM WIRTSCHAFTSBER Lagged Returns
When evaluating SM WIRTSCHAFTSBER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SM WIRTSCHAFTSBER stock have on its future price. SM WIRTSCHAFTSBER 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, SM WIRTSCHAFTSBER autocorrelation shows the relationship between SM WIRTSCHAFTSBER stock current value and its past values and can show if there is a momentum factor associated with investing in SM WIRTSCHAFTSBER N.
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.Other Information on Investing in SMWN Stock
SM WIRTSCHAFTSBER financial ratios help investors to determine whether SMWN 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 SMWN with respect to the benefits of owning SM WIRTSCHAFTSBER security.