Socit De (Belgium) Market Value
| SPA Stock | EUR 189.00 0.00 0.00% |
| Symbol | Socit |
Socit De '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 Socit De'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 Socit De.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Socit De on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Socit de Services or generate 0.0% return on investment in Socit De over 720 days. Socit De is related to or competes with Miko NV, Sipef NV, Van De, and Lotus Bakeries. Socit de Services, de Participations, de Direction et dElaboration produces and markets natural mineral water in Belgium More
Socit De 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 Socit De'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 Socit de Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.35 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.11 |
Socit De Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Socit De's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Socit De's standard deviation. In reality, there are many statistical measures that can use Socit De historical prices to predict the future Socit De's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.3273 |
Socit de Services Backtested Returns
Socit de Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.009, which indicates the firm had a -0.009% return per unit of risk over the last 3 months. Socit de Services exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Socit De's Risk Adjusted Performance of (0.04), coefficient of variation of (1,687), and Variance of 1.7 to confirm the risk estimate we provide. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Socit De are expected to decrease at a much lower rate. During the bear market, Socit De is likely to outperform the market. At this point, Socit de Services has a negative expected return of -0.0101%. Please make sure to validate Socit De's information ratio, maximum drawdown, and the relationship between the variance and jensen alpha , to decide if Socit de Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Socit de Services has very weak predictability. Overlapping area represents the amount of predictability between Socit De time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Socit de Services price movement. The serial correlation of 0.18 indicates that over 18.0% of current Socit De price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 351.16 |
Socit de Services lagged returns against current returns
Autocorrelation, which is Socit De 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 Socit De's stock expected returns. We can calculate the autocorrelation of Socit De returns to help us make a trade decision. For example, suppose you find that Socit De 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 |
Socit De 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 Socit De stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Socit De stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Socit De stock over time.
Current vs Lagged Prices |
| Timeline |
Socit De Lagged Returns
When evaluating Socit De's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Socit De stock have on its future price. Socit De 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, Socit De autocorrelation shows the relationship between Socit De stock current value and its past values and can show if there is a momentum factor associated with investing in Socit de Services.
Regressed Prices |
| Timeline |
Pair Trading with Socit De
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 Socit De 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 Socit De will appreciate offsetting losses from the drop in the long position's value.Moving against Socit Stock
The ability to find closely correlated positions to Socit De could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Socit De 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 Socit De - 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 Socit de Services to buy it.
The correlation of Socit De 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 Socit De moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Socit de Services 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 Socit De 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.Additional Tools for Socit Stock Analysis
When running Socit De's price analysis, check to measure Socit De'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 Socit De is operating at the current time. Most of Socit De's value examination focuses on studying past and present price action to predict the probability of Socit De's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socit De's price. Additionally, you may evaluate how the addition of Socit De to your portfolios can decrease your overall portfolio volatility.