Synektik (Poland) Market Value
| SNT Stock | 170.80 1.60 0.93% |
| Symbol | Synektik |
Synektik '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 Synektik'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 Synektik.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Synektik on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Synektik SA or generate 0.0% return on investment in Synektik over 180 days.
Synektik 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 Synektik'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 Synektik SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0878 | |||
| Maximum Drawdown | 12.96 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.72 |
Synektik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synektik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synektik's standard deviation. In reality, there are many statistical measures that can use Synektik historical prices to predict the future Synektik's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 0.3209 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1045 | |||
| Treynor Ratio | 2.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synektik's 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.
Synektik SA Backtested Returns
Synektik appears to be very steady, given 3 months investment horizon. Synektik SA 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. We have found twenty-nine technical indicators for Synektik SA, which you can use to evaluate the volatility of the company. Please review Synektik's Semi Deviation of 1.81, coefficient of variation of 718.39, and Risk Adjusted Performance of 0.1133 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Synektik holds a performance score of 8. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Synektik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Synektik is expected to be smaller as well. Please check Synektik's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Synektik's existing price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Synektik SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Synektik time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Synektik SA price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Synektik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 96.67 |
Synektik SA lagged returns against current returns
Autocorrelation, which is Synektik 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 Synektik's stock expected returns. We can calculate the autocorrelation of Synektik returns to help us make a trade decision. For example, suppose you find that Synektik 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 |
Synektik 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 Synektik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synektik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synektik stock over time.
Current vs Lagged Prices |
| Timeline |
Synektik Lagged Returns
When evaluating Synektik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synektik stock have on its future price. Synektik 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, Synektik autocorrelation shows the relationship between Synektik stock current value and its past values and can show if there is a momentum factor associated with investing in Synektik SA.
Regressed Prices |
| Timeline |
Pair Trading with Synektik
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 Synektik 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 Synektik will appreciate offsetting losses from the drop in the long position's value.Moving against Synektik Stock
| 0.69 | SPL | Santander Bank Polska | PairCorr |
| 0.48 | PEO | Bank Polska Kasa | PairCorr |
| 0.45 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.32 | ALE | Allegroeu SA | PairCorr |
The ability to find closely correlated positions to Synektik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synektik 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 Synektik - 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 Synektik SA to buy it.
The correlation of Synektik 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 Synektik moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synektik SA 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 Synektik 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 Synektik Stock Analysis
When running Synektik's price analysis, check to measure Synektik's 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 Synektik is operating at the current time. Most of Synektik's value examination focuses on studying past and present price action to predict the probability of Synektik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synektik's price. Additionally, you may evaluate how the addition of Synektik to your portfolios can decrease your overall portfolio volatility.