South32 Adr Stock Market Value
| SOUHY Stock | USD 12.44 0.01 0.08% |
| Symbol | South32 |
South32 ADR '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 South32 ADR's pink sheet 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 South32 ADR.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in South32 ADR on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding South32 ADR or generate 0.0% return on investment in South32 ADR over 720 days. South32 ADR is related to or competes with Liontown Resources, IGO, Anglo American, IGO, Nickel Mines, Mineral Resources, and Anglo American. South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and So... More
South32 ADR 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 South32 ADR's pink sheet 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 South32 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0949 | |||
| Maximum Drawdown | 11.68 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 4.88 |
South32 ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South32 ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South32 ADR's standard deviation. In reality, there are many statistical measures that can use South32 ADR historical prices to predict the future South32 ADR's volatility.| Risk Adjusted Performance | 0.1233 | |||
| Jensen Alpha | 0.2685 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | 0.5889 |
South32 ADR Backtested Returns
South32 ADR appears to be not too volatile, given 3 months investment horizon. South32 ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for South32 ADR, which you can use to evaluate the volatility of the company. Please review South32 ADR's Semi Deviation of 1.77, risk adjusted performance of 0.1233, and Coefficient Of Variation of 657.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, South32 ADR holds a performance score of 10. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, South32 ADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding South32 ADR is expected to be smaller as well. Please check South32 ADR's semi variance, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether South32 ADR's existing price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
South32 ADR has modest reverse predictability. Overlapping area represents the amount of predictability between South32 ADR time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 South32 ADR price movement. The serial correlation of -0.41 indicates that just about 41.0% of current South32 ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
South32 ADR lagged returns against current returns
Autocorrelation, which is South32 ADR pink sheet'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 South32 ADR's pink sheet expected returns. We can calculate the autocorrelation of South32 ADR returns to help us make a trade decision. For example, suppose you find that South32 ADR has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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South32 ADR 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 South32 ADR pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South32 ADR pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South32 ADR pink sheet over time.
Current vs Lagged Prices |
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South32 ADR Lagged Returns
When evaluating South32 ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South32 ADR pink sheet have on its future price. South32 ADR 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, South32 ADR autocorrelation shows the relationship between South32 ADR pink sheet current value and its past values and can show if there is a momentum factor associated with investing in South32 ADR.
Regressed Prices |
| Timeline |
Also Currently Popular
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 South32 Pink Sheet Analysis
When running South32 ADR's price analysis, check to measure South32 ADR'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 South32 ADR is operating at the current time. Most of South32 ADR's value examination focuses on studying past and present price action to predict the probability of South32 ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move South32 ADR's price. Additionally, you may evaluate how the addition of South32 ADR to your portfolios can decrease your overall portfolio volatility.