Sonova H (Switzerland) Market Value
| SOON Stock | CHF 306.20 5.90 1.89% |
| Symbol | Sonova |
Sonova H '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 Sonova H'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 Sonova H.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sonova H on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sonova H Ag or generate 0.0% return on investment in Sonova H over 180 days. Sonova H is related to or competes with Sika AG, Lonza Group, Givaudan, and Partners Group. Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing ... More
Sonova H 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 Sonova H'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 Sonova H Ag upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.95 |
Sonova H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonova H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonova H's standard deviation. In reality, there are many statistical measures that can use Sonova H historical prices to predict the future Sonova H's volatility.| Risk Adjusted Performance | 0.0366 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1039 |
Sonova H Ag Backtested Returns
At this stage we consider Sonova Stock to be very steady. Sonova H Ag owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0517, which indicates the firm had a 0.0517% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sonova H Ag, which you can use to evaluate the volatility of the company. Please validate Sonova H's Semi Deviation of 1.45, risk adjusted performance of 0.0366, and Coefficient Of Variation of 2447.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.0853%. Sonova H has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sonova H's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonova H is expected to be smaller as well. Sonova H Ag right now has a risk of 1.65%. Please validate Sonova H total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Sonova H will be following its existing price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Sonova H Ag has weak reverse predictability. Overlapping area represents the amount of predictability between Sonova H time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Sonova H Ag price movement. The serial correlation of -0.23 indicates that over 23.0% of current Sonova H price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 121.71 |
Sonova H Ag lagged returns against current returns
Autocorrelation, which is Sonova H 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 Sonova H's stock expected returns. We can calculate the autocorrelation of Sonova H returns to help us make a trade decision. For example, suppose you find that Sonova H 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 |
Sonova H 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 Sonova H stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonova H stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonova H stock over time.
Current vs Lagged Prices |
| Timeline |
Sonova H Lagged Returns
When evaluating Sonova H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonova H stock have on its future price. Sonova H 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, Sonova H autocorrelation shows the relationship between Sonova H stock current value and its past values and can show if there is a momentum factor associated with investing in Sonova H Ag.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sonova Stock Analysis
When running Sonova H's price analysis, check to measure Sonova H'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 Sonova H is operating at the current time. Most of Sonova H's value examination focuses on studying past and present price action to predict the probability of Sonova H's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonova H's price. Additionally, you may evaluate how the addition of Sonova H to your portfolios can decrease your overall portfolio volatility.