Spectacular Solar Stock Market Value
| SPSO Stock | USD 0.0002 0.00 0.00% |
| Symbol | Spectacular |
Spectacular Solar '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 Spectacular Solar'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 Spectacular Solar.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Spectacular Solar on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Spectacular Solar or generate 0.0% return on investment in Spectacular Solar over 720 days. Spectacular Solar, Inc., through its subsidiaries, engages in solar system installation, investment fund management, and... More
Spectacular Solar 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 Spectacular Solar'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 Spectacular Solar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 100.0 |
Spectacular Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectacular Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectacular Solar's standard deviation. In reality, there are many statistical measures that can use Spectacular Solar historical prices to predict the future Spectacular Solar's volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 0.1852 | |||
| Treynor Ratio | 0.4851 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spectacular Solar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Spectacular Solar Backtested Returns
Spectacular Solar is out of control given 3 months investment horizon. Spectacular Solar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We are able to interpolate and collect seventeen different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Spectacular Solar Coefficient Of Variation of 812.4, risk adjusted performance of 0.0958, and Variance of 151.52 to evaluate company specific risk that cannot be diversified away. Spectacular Solar holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 3.1, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Spectacular Solar will likely underperform. Use Spectacular Solar coefficient of variation and skewness , to analyze future returns on Spectacular Solar.
Auto-correlation | 0.00 |
No correlation between past and present
Spectacular Solar has no correlation between past and present. Overlapping area represents the amount of predictability between Spectacular Solar time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spectacular Solar price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spectacular Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spectacular Solar lagged returns against current returns
Autocorrelation, which is Spectacular Solar 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 Spectacular Solar's pink sheet expected returns. We can calculate the autocorrelation of Spectacular Solar returns to help us make a trade decision. For example, suppose you find that Spectacular Solar 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 |
Spectacular Solar 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 Spectacular Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectacular Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectacular Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spectacular Solar Lagged Returns
When evaluating Spectacular Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectacular Solar pink sheet have on its future price. Spectacular Solar 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, Spectacular Solar autocorrelation shows the relationship between Spectacular Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spectacular Solar.
Regressed Prices |
| Timeline |
Pair Trading with Spectacular Solar
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 Spectacular Solar 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 Spectacular Solar will appreciate offsetting losses from the drop in the long position's value.Moving against Spectacular Pink Sheet
| 0.74 | SEDG | SolarEdge Technologies | PairCorr |
| 0.67 | XISHY | Xinyi Solar Holdings | PairCorr |
| 0.55 | XNYIF | Xinyi Solar Holdings | PairCorr |
| 0.54 | WSNAF | Wesana Health Holdings | PairCorr |
| 0.4 | ENPH | Enphase Energy | PairCorr |
The ability to find closely correlated positions to Spectacular Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spectacular Solar 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 Spectacular Solar - 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 Spectacular Solar to buy it.
The correlation of Spectacular Solar 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 Spectacular Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spectacular Solar 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 Spectacular Solar 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 Spectacular Pink Sheet
Spectacular Solar financial ratios help investors to determine whether Spectacular 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 Spectacular with respect to the benefits of owning Spectacular Solar security.