Spirax Sarco Engineering Plc Stock Market Value
| SPXSY Stock | USD 43.69 0.51 1.15% |
| Symbol | Spirax-Sarco |
Spirax-Sarco Engineering '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 Spirax-Sarco Engineering'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 Spirax-Sarco Engineering.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Spirax-Sarco Engineering on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Spirax Sarco Engineering PLC or generate 0.0% return on investment in Spirax-Sarco Engineering over 300 days. Spirax-Sarco Engineering is related to or competes with Atlas Copco, Aumann AG, Amaero International, Atlas Copco, KONE Oyj, Atlas Copco, and Vestas Wind. Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, ele... More
Spirax-Sarco Engineering 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 Spirax-Sarco Engineering'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 Spirax Sarco Engineering PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.49 |
Spirax-Sarco Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirax-Sarco Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirax-Sarco Engineering's standard deviation. In reality, there are many statistical measures that can use Spirax-Sarco Engineering historical prices to predict the future Spirax-Sarco Engineering's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirax-Sarco Engineering'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.
Spirax-Sarco Engineering Backtested Returns
Spirax-Sarco Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Spirax Sarco Engineering PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirax-Sarco Engineering's Variance of 4.08, coefficient of variation of (1,692), and Risk Adjusted Performance of (0.04) 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, Spirax-Sarco Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirax-Sarco Engineering is expected to be smaller as well. At this point, Spirax-Sarco Engineering has a negative expected return of -0.2%. Please make sure to validate Spirax-Sarco Engineering's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Spirax-Sarco Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Spirax Sarco Engineering PLC has good predictability. Overlapping area represents the amount of predictability between Spirax-Sarco Engineering time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Spirax-Sarco Engineering price movement. The serial correlation of 0.78 indicates that around 78.0% of current Spirax-Sarco Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 19.09 |
Spirax-Sarco Engineering lagged returns against current returns
Autocorrelation, which is Spirax-Sarco Engineering 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 Spirax-Sarco Engineering's pink sheet expected returns. We can calculate the autocorrelation of Spirax-Sarco Engineering returns to help us make a trade decision. For example, suppose you find that Spirax-Sarco Engineering 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 |
Spirax-Sarco Engineering 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 Spirax-Sarco Engineering pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirax-Sarco Engineering pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirax-Sarco Engineering pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spirax-Sarco Engineering Lagged Returns
When evaluating Spirax-Sarco Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirax-Sarco Engineering pink sheet have on its future price. Spirax-Sarco Engineering 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, Spirax-Sarco Engineering autocorrelation shows the relationship between Spirax-Sarco Engineering pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spirax Sarco Engineering PLC.
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 Spirax-Sarco Pink Sheet Analysis
When running Spirax-Sarco Engineering's price analysis, check to measure Spirax-Sarco Engineering'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 Spirax-Sarco Engineering is operating at the current time. Most of Spirax-Sarco Engineering's value examination focuses on studying past and present price action to predict the probability of Spirax-Sarco Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirax-Sarco Engineering's price. Additionally, you may evaluate how the addition of Spirax-Sarco Engineering to your portfolios can decrease your overall portfolio volatility.