Southern California Gas Stock Market Value
| SOCGP Stock | USD 26.57 0.43 1.59% |
| Symbol | Southern |
Southern California '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 Southern California's otc 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 Southern California.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Southern California on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Southern California Gas or generate 0.0% return on investment in Southern California over 90 days. Southern California is related to or competes with Dynagas LNG, GasLog Partners, GasLog Partners, Genesis Energy, Martin Midstream, Western Midstream, and EnLink Midstream. Southern California Gas Company owns and operates a natural gas distribution, transmission, and storage system More
Southern California 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 Southern California's otc 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 Southern California Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 4.95 |
Southern California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern California's standard deviation. In reality, there are many statistical measures that can use Southern California historical prices to predict the future Southern California's volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0079 |
Southern California Gas Backtested Returns
Currently, Southern California Gas is not too volatile. Southern California Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0301, which indicates the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Southern California Gas, which you can use to evaluate the volatility of the company. Please validate Southern California's Coefficient Of Variation of 30727.22, risk adjusted performance of 0.0098, and Semi Deviation of 2.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0812%. Southern California has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0967, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southern California are expected to decrease at a much lower rate. During the bear market, Southern California is likely to outperform the market. Southern California Gas right now has a risk of 2.7%. Please validate Southern California downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Southern California will be following its existing price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Southern California Gas has modest reverse predictability. Overlapping area represents the amount of predictability between Southern California time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Southern California Gas price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Southern California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Southern California Gas lagged returns against current returns
Autocorrelation, which is Southern California otc 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 Southern California's otc stock expected returns. We can calculate the autocorrelation of Southern California returns to help us make a trade decision. For example, suppose you find that Southern California has exhibited high autocorrelation historically, and you observe that the otc 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 |
Southern California 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 Southern California otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern California otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern California otc stock over time.
Current vs Lagged Prices |
| Timeline |
Southern California Lagged Returns
When evaluating Southern California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern California otc stock have on its future price. Southern California 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, Southern California autocorrelation shows the relationship between Southern California otc stock current value and its past values and can show if there is a momentum factor associated with investing in Southern California Gas.
Regressed Prices |
| Timeline |
Pair Trading with Southern California
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 Southern California 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 Southern California will appreciate offsetting losses from the drop in the long position's value.Moving against Southern OTC Stock
The ability to find closely correlated positions to Southern California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern California 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 Southern California - 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 Southern California Gas to buy it.
The correlation of Southern California 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 Southern California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern California Gas 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 Southern California 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 Southern OTC Stock Analysis
When running Southern California's price analysis, check to measure Southern California'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 Southern California is operating at the current time. Most of Southern California's value examination focuses on studying past and present price action to predict the probability of Southern California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern California's price. Additionally, you may evaluate how the addition of Southern California to your portfolios can decrease your overall portfolio volatility.