Sharkia National's market value is the price at which a share of Sharkia National trades on a public exchange. It measures the collective expectations of Sharkia National Food investors about its performance. Sharkia National is trading at 4.23 as of the 1st of December 2024. This is a 1.4 percent decrease since the beginning of the trading day. The stock's lowest day price was 4.22. With this module, you can estimate the performance of a buy and hold strategy of Sharkia National Food and determine expected loss or profit from investing in Sharkia National 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 board of governors.
Symbol
Sharkia
Sharkia National '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 Sharkia National'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 Sharkia National.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in Sharkia National on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sharkia National Food or generate 0.0% return on investment in Sharkia National over 30 days.
Sharkia National 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 Sharkia National'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 Sharkia National Food 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 Sharkia National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharkia National's standard deviation. In reality, there are many statistical measures that can use Sharkia National historical prices to predict the future Sharkia National's volatility.
Sharkia National appears to be slightly risky, given 3 months investment horizon. Sharkia National Food owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Sharkia National's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Sharkia National's Risk Adjusted Performance of 0.1766, coefficient of variation of 451.75, and Semi Deviation of 1.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sharkia National holds a performance score of 21. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sharkia National will likely underperform. Please check Sharkia National's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Sharkia National's existing price patterns will revert.
Auto-correlation
0.77
Good predictability
Sharkia National Food has good predictability. Overlapping area represents the amount of predictability between Sharkia National time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Sharkia National Food price movement. The serial correlation of 0.77 indicates that around 77.0% of current Sharkia National price fluctuation can be explain by its past prices.
Correlation Coefficient
0.77
Spearman Rank Test
0.82
Residual Average
0.0
Price Variance
0.06
Sharkia National Food lagged returns against current returns
Autocorrelation, which is Sharkia National 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 Sharkia National's stock expected returns. We can calculate the autocorrelation of Sharkia National returns to help us make a trade decision. For example, suppose you find that Sharkia National 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
Sharkia National 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 Sharkia National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharkia National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharkia National stock over time.
Current vs Lagged Prices
Timeline
Sharkia National Lagged Returns
When evaluating Sharkia National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharkia National stock have on its future price. Sharkia National 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, Sharkia National autocorrelation shows the relationship between Sharkia National stock current value and its past values and can show if there is a momentum factor associated with investing in Sharkia National Food.
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.