Space Communication Stock Market Value
| SPMMF Stock | USD 0.20 0.00 0.00% |
| Symbol | Space |
Space Communication '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 Space Communication'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 Space Communication.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Space Communication on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Space Communication or generate 0.0% return on investment in Space Communication over 60 days. Space Communication is related to or competes with Barings BDC, Encore Capital, Juniata Valley, AmTrust Financial, Maiden Holdings, Employers Holdings, and GoHealth. Space-Communication Ltd. provides satellite communication services worldwide More
Space Communication 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 Space Communication'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 Space Communication upside and downside potential and time the market with a certain degree of confidence.
Space Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Space Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Space Communication's standard deviation. In reality, there are many statistical measures that can use Space Communication historical prices to predict the future Space Communication's volatility.Space Communication Backtested Returns
We have found three technical indicators for Space Communication, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Space Communication are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Space Communication has perfect predictability. Overlapping area represents the amount of predictability between Space Communication time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Space Communication price movement. The serial correlation of 1.0 indicates that 100.0% of current Space Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Space Communication lagged returns against current returns
Autocorrelation, which is Space Communication 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 Space Communication's pink sheet expected returns. We can calculate the autocorrelation of Space Communication returns to help us make a trade decision. For example, suppose you find that Space Communication 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 |
| Timeline |
Space Communication 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 Space Communication pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Space Communication pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Space Communication pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Space Communication Lagged Returns
When evaluating Space Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Space Communication pink sheet have on its future price. Space Communication 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, Space Communication autocorrelation shows the relationship between Space Communication pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Space Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Space Pink Sheet
Space Communication financial ratios help investors to determine whether Space Pink Sheet 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 Space with respect to the benefits of owning Space Communication security.