SP Global (Brazil) Market Value
| SPGI34 Stock | BRL 78.43 5.81 6.90% |
| Symbol | SPGI34 |
SP Global '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 SP Global'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 SP Global.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in SP Global on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding SP Global or generate 0.0% return on investment in SP Global over 510 days. SP Global is related to or competes with Mangels Industrial, METISA Metalrgica, Zoom Video, Marfrig Global, Charter Communications, and Multilaser Industrial. SP Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and com... More
SP Global 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 SP Global'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 SP Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.36 |
SP Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Global's standard deviation. In reality, there are many statistical measures that can use SP Global historical prices to predict the future SP Global's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.1523 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0327 | |||
| Treynor Ratio | 1.9 |
SP Global Backtested Returns
At this point, SP Global is very steady. SP Global retains Efficiency (Sharpe Ratio) of 0.0206, which indicates the firm had a 0.0206% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for SP Global, which you can use to evaluate the volatility of the company. Please validate SP Global's Risk Adjusted Performance of 0.0991, downside deviation of 1.34, and Mean Deviation of 0.9307 to confirm if the risk estimate we provide is consistent with the expected return of 0.0343%. SP Global has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0853, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SP Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding SP Global is expected to be smaller as well. SP Global at this moment owns a risk of 1.67%. Please validate SP Global semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if SP Global will be following its current price history.
Auto-correlation | 0.71 |
Good predictability
SP Global has good predictability. Overlapping area represents the amount of predictability between SP Global time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 SP Global price movement. The serial correlation of 0.71 indicates that around 71.0% of current SP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 69.15 |
SP Global lagged returns against current returns
Autocorrelation, which is SP Global 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 SP Global's stock expected returns. We can calculate the autocorrelation of SP Global returns to help us make a trade decision. For example, suppose you find that SP Global 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 |
SP Global 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 SP Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Global stock over time.
Current vs Lagged Prices |
| Timeline |
SP Global Lagged Returns
When evaluating SP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Global stock have on its future price. SP Global 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, SP Global autocorrelation shows the relationship between SP Global stock current value and its past values and can show if there is a momentum factor associated with investing in SP Global.
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 Information and Resources on Investing in SPGI34 Stock
When determining whether SP Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SP Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sp Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sp Global Stock:Check out SP Global Correlation, SP Global Volatility and SP Global Alpha and Beta module to complement your research on SP Global. For information on how to trade SPGI34 Stock refer to our How to Trade SPGI34 Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
SP Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.