SOCO (Australia) Market Value
| SOC Stock | 0.11 0.02 22.22% |
| Symbol | SOCO |
SOCO '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 SOCO'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 SOCO.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in SOCO on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding SOCO Corporation or generate 0.0% return on investment in SOCO over 720 days. SOCO is related to or competes with Capitol Health, Home Consortium, Homeco Daily, Fisher Paykel, Cleanaway Waste, and Clime Investment. SOCO is entity of Australia. It is traded as Stock on AU exchange. More
SOCO 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 SOCO'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 SOCO Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (7.22) | |||
| Potential Upside | 4.26 |
SOCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOCO's standard deviation. In reality, there are many statistical measures that can use SOCO historical prices to predict the future SOCO's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.03) |
SOCO Backtested Returns
SOCO retains Efficiency (Sharpe Ratio) of -0.0039, which indicates the firm had a -0.0039% return per unit of volatility over the last 3 months. SOCO exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOCO's risk adjusted performance of 0.0054, and Standard Deviation of 4.88 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 1.11, which indicates a somewhat significant risk relative to the market. SOCO returns are very sensitive to returns on the market. As the market goes up or down, SOCO is expected to follow. At this point, SOCO has a negative expected return of -0.0192%. Please make sure to validate SOCO's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if SOCO performance from the past will be repeated at future time.
Auto-correlation | 0.28 |
Poor predictability
SOCO Corporation has poor predictability. Overlapping area represents the amount of predictability between SOCO 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 SOCO price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current SOCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SOCO lagged returns against current returns
Autocorrelation, which is SOCO 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 SOCO's stock expected returns. We can calculate the autocorrelation of SOCO returns to help us make a trade decision. For example, suppose you find that SOCO 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 |
SOCO 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 SOCO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOCO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOCO stock over time.
Current vs Lagged Prices |
| Timeline |
SOCO Lagged Returns
When evaluating SOCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOCO stock have on its future price. SOCO 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, SOCO autocorrelation shows the relationship between SOCO stock current value and its past values and can show if there is a momentum factor associated with investing in SOCO Corporation.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SOCO Stock Analysis
When running SOCO's price analysis, check to measure SOCO'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 SOCO is operating at the current time. Most of SOCO's value examination focuses on studying past and present price action to predict the probability of SOCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SOCO's price. Additionally, you may evaluate how the addition of SOCO to your portfolios can decrease your overall portfolio volatility.