Soquicom (Chile) Market Value
| SOQUICOM | CLP 283.43 1.49 0.53% |
| Symbol | Soquicom |
Soquicom '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 Soquicom'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 Soquicom.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Soquicom on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Soquicom or generate 0.0% return on investment in Soquicom over 30 days. Soquicom is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sociedad Matriz, and Empresa Nacional. Soquimich Comercial S.A. manufactures, markets, and imports plant nutrition products in Chile More
Soquicom 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 Soquicom'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 Soquicom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.4 |
Soquicom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soquicom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soquicom's standard deviation. In reality, there are many statistical measures that can use Soquicom historical prices to predict the future Soquicom's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.21) |
Soquicom Backtested Returns
Soquicom owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0647, which indicates the firm had a -0.0647% return per unit of risk over the last 3 months. Soquicom exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soquicom's Coefficient Of Variation of (2,762), risk adjusted performance of (0.03), and Variance of 0.7145 to confirm the risk estimate we provide. The entity has a beta of 0.0336, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Soquicom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Soquicom is expected to be smaller as well. At this point, Soquicom has a negative expected return of -0.0558%. Please make sure to validate Soquicom's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Soquicom performance from the past will be repeated at some point in the near future.
Auto-correlation | -1 |
Near perfect reversele predictability
Soquicom has near perfect reversele predictability. Overlapping area represents the amount of predictability between Soquicom time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Soquicom price movement. The serial correlation of -1.0 indicates that 100.0% of current Soquicom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 16.04 |
Soquicom lagged returns against current returns
Autocorrelation, which is Soquicom 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 Soquicom's stock expected returns. We can calculate the autocorrelation of Soquicom returns to help us make a trade decision. For example, suppose you find that Soquicom 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 |
Soquicom 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 Soquicom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soquicom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soquicom stock over time.
Current vs Lagged Prices |
| Timeline |
Soquicom Lagged Returns
When evaluating Soquicom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soquicom stock have on its future price. Soquicom 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, Soquicom autocorrelation shows the relationship between Soquicom stock current value and its past values and can show if there is a momentum factor associated with investing in Soquicom.
Regressed Prices |
| Timeline |
Pair Trading with Soquicom
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 Soquicom 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 Soquicom will appreciate offsetting losses from the drop in the long position's value.Moving together with Soquicom Stock
Moving against Soquicom Stock
The ability to find closely correlated positions to Soquicom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Soquicom 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 Soquicom - 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 Soquicom to buy it.
The correlation of Soquicom 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 Soquicom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soquicom 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 Soquicom 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 Soquicom Stock
Soquicom financial ratios help investors to determine whether Soquicom 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 Soquicom with respect to the benefits of owning Soquicom security.