Solid Impact Investments Stock Market Value
| SOLI-P Stock | 0.05 0.00 0.00% |
| Symbol | Solid |
Solid Impact '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 Solid Impact'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 Solid Impact.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Solid Impact on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Solid Impact Investments or generate 0.0% return on investment in Solid Impact over 720 days. Solid Impact is related to or competes with Walmart, Amazon CDR, UPS CDR, HOME DEPOT, UnitedHealth Group, Costco Wholesale, and JPMorgan Chase. Solid Impact is entity of Canada. It is traded as Stock on V exchange. More
Solid Impact 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 Solid Impact'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 Solid Impact Investments upside and downside potential and time the market with a certain degree of confidence.
Solid Impact Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solid Impact's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solid Impact's standard deviation. In reality, there are many statistical measures that can use Solid Impact historical prices to predict the future Solid Impact's volatility.Solid Impact Investments Backtested Returns
We have found three technical indicators for Solid Impact Investments, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Solid Impact are completely uncorrelated.
Auto-correlation | 0.66 |
Good predictability
Solid Impact Investments has good predictability. Overlapping area represents the amount of predictability between Solid Impact time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Solid Impact Investments price movement. The serial correlation of 0.66 indicates that around 66.0% of current Solid Impact price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solid Impact Investments lagged returns against current returns
Autocorrelation, which is Solid Impact 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 Solid Impact's stock expected returns. We can calculate the autocorrelation of Solid Impact returns to help us make a trade decision. For example, suppose you find that Solid Impact 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 |
Solid Impact 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 Solid Impact stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solid Impact stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solid Impact stock over time.
Current vs Lagged Prices |
| Timeline |
Solid Impact Lagged Returns
When evaluating Solid Impact's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solid Impact stock have on its future price. Solid Impact 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, Solid Impact autocorrelation shows the relationship between Solid Impact stock current value and its past values and can show if there is a momentum factor associated with investing in Solid Impact Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Solid Stock
Solid Impact financial ratios help investors to determine whether Solid 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 Solid with respect to the benefits of owning Solid Impact security.