Sotherly Hotels Pref Preferred Stock Market Value
| SOHOO Preferred Stock | USD 17.27 0.53 2.98% |
| Symbol | Sotherly |
Sotherly Hotels '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 Sotherly Hotels' preferred 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 Sotherly Hotels.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sotherly Hotels on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sotherly Hotels Pref or generate 0.0% return on investment in Sotherly Hotels over 180 days. Sotherly Hotels is related to or competes with Sotherly Hotels, Service Properties, Braemar Hotel, Summit Hotel, and InnSuites Hospitality. Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbran... More
Sotherly Hotels 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 Sotherly Hotels' preferred 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 Sotherly Hotels Pref upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.23 |
Sotherly Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sotherly Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sotherly Hotels' standard deviation. In reality, there are many statistical measures that can use Sotherly Hotels historical prices to predict the future Sotherly Hotels' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.06) |
Sotherly Hotels Pref Backtested Returns
Sotherly Hotels Pref owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0063, which indicates the firm had a -0.0063% return per unit of risk over the last 3 months. Sotherly Hotels Pref exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sotherly Hotels' insignificant Risk Adjusted Performance, coefficient of variation of (12,171), and Variance of 1.95 to confirm the risk estimate we provide. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sotherly Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sotherly Hotels is expected to be smaller as well. At this point, Sotherly Hotels Pref has a negative expected return of -0.0136%. Please make sure to validate Sotherly Hotels' maximum drawdown, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Sotherly Hotels Pref performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Sotherly Hotels Pref has very weak reverse predictability. Overlapping area represents the amount of predictability between Sotherly Hotels time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Sotherly Hotels Pref price movement. The serial correlation of -0.02 indicates that only 2.0% of current Sotherly Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Sotherly Hotels Pref lagged returns against current returns
Autocorrelation, which is Sotherly Hotels preferred 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 Sotherly Hotels' preferred stock expected returns. We can calculate the autocorrelation of Sotherly Hotels returns to help us make a trade decision. For example, suppose you find that Sotherly Hotels has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Sotherly Hotels 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 Sotherly Hotels preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sotherly Hotels preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sotherly Hotels preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Sotherly Hotels Lagged Returns
When evaluating Sotherly Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sotherly Hotels preferred stock have on its future price. Sotherly Hotels 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, Sotherly Hotels autocorrelation shows the relationship between Sotherly Hotels preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Sotherly Hotels Pref.
Regressed Prices |
| Timeline |
Pair Trading with Sotherly Hotels
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 Sotherly Hotels 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 Sotherly Hotels will appreciate offsetting losses from the drop in the long position's value.Moving against Sotherly Preferred Stock
The ability to find closely correlated positions to Sotherly Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sotherly Hotels 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 Sotherly Hotels - 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 Sotherly Hotels Pref to buy it.
The correlation of Sotherly Hotels 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 Sotherly Hotels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sotherly Hotels Pref 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 Sotherly Hotels 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.Other Information on Investing in Sotherly Preferred Stock
Sotherly Hotels financial ratios help investors to determine whether Sotherly Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sotherly with respect to the benefits of owning Sotherly Hotels security.