Sanwire Stock Market Value
| SNWR Stock | USD 0.0004 0.0001 20.00% |
| Symbol | Sanwire |
Sanwire '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 Sanwire's pink sheet 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 Sanwire.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Sanwire on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Sanwire or generate 0.0% return on investment in Sanwire over 720 days. Sanwire Corporation, through its subsidiaries, provides technology integration, development, and solutions in the artifi... More
Sanwire 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 Sanwire's pink sheet 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 Sanwire upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 53.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Sanwire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanwire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanwire's standard deviation. In reality, there are many statistical measures that can use Sanwire historical prices to predict the future Sanwire's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.76) | |||
| Treynor Ratio | 0.3108 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sanwire'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.
Sanwire Backtested Returns
Sanwire owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0206, which indicates the firm had a -0.0206% return per unit of risk over the last 3 months. Sanwire exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sanwire's Variance of 116.25, risk adjusted performance of 0.0054, and Coefficient Of Variation of (19,925) to confirm the risk estimate we provide. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanwire are expected to decrease at a much lower rate. During the bear market, Sanwire is likely to outperform the market. At this point, Sanwire has a negative expected return of -0.23%. Please make sure to validate Sanwire's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Sanwire performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Sanwire has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sanwire time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Sanwire price movement. The serial correlation of -0.75 indicates that around 75.0% of current Sanwire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sanwire lagged returns against current returns
Autocorrelation, which is Sanwire pink sheet'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 Sanwire's pink sheet expected returns. We can calculate the autocorrelation of Sanwire returns to help us make a trade decision. For example, suppose you find that Sanwire has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sanwire 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 Sanwire pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanwire pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanwire pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sanwire Lagged Returns
When evaluating Sanwire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanwire pink sheet have on its future price. Sanwire 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, Sanwire autocorrelation shows the relationship between Sanwire pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sanwire.
Regressed Prices |
| Timeline |
Pair Trading with Sanwire
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 Sanwire 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 Sanwire will appreciate offsetting losses from the drop in the long position's value.Moving against Sanwire Pink Sheet
| 0.77 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.71 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | FSTF | First State Financial | PairCorr |
The ability to find closely correlated positions to Sanwire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sanwire 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 Sanwire - 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 Sanwire to buy it.
The correlation of Sanwire 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 Sanwire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sanwire 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 Sanwire 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 Sanwire Pink Sheet Analysis
When running Sanwire's price analysis, check to measure Sanwire'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 Sanwire is operating at the current time. Most of Sanwire's value examination focuses on studying past and present price action to predict the probability of Sanwire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanwire's price. Additionally, you may evaluate how the addition of Sanwire to your portfolios can decrease your overall portfolio volatility.