Srj Technologies (Australia) Market Value
| SRJ Stock | 0.04 0 7.50% |
| Symbol | Srj |
Srj Technologies '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 Srj Technologies' 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 Srj Technologies.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Srj Technologies on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Srj Technologies Group or generate 0.0% return on investment in Srj Technologies over 720 days. Srj Technologies is related to or competes with Westpac Banking, ABACUS STORAGE, Hotel Property, Insurance Australia, and Origin Energy. Srj Technologies is entity of Australia. It is traded as Stock on AU exchange. More
Srj Technologies 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 Srj Technologies' 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 Srj Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.3 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 7.14 |
Srj Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Srj Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Srj Technologies' standard deviation. In reality, there are many statistical measures that can use Srj Technologies historical prices to predict the future Srj Technologies' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (1.40) |
Srj Technologies Backtested Returns
Srj Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Srj Technologies Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Srj Technologies' Variance of 18.31, risk adjusted performance of (0.07), and Coefficient Of Variation of (962.95) to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Srj Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Srj Technologies is expected to be smaller as well. At this point, Srj Technologies has a negative expected return of -0.66%. Please make sure to validate Srj Technologies' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Srj Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Srj Technologies Group has weak predictability. Overlapping area represents the amount of predictability between Srj Technologies time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Srj Technologies price movement. The serial correlation of 0.2 indicates that over 20.0% of current Srj Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Srj Technologies lagged returns against current returns
Autocorrelation, which is Srj Technologies 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 Srj Technologies' stock expected returns. We can calculate the autocorrelation of Srj Technologies returns to help us make a trade decision. For example, suppose you find that Srj Technologies 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 |
Srj Technologies 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 Srj Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Srj Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Srj Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Srj Technologies Lagged Returns
When evaluating Srj Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Srj Technologies stock have on its future price. Srj Technologies 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, Srj Technologies autocorrelation shows the relationship between Srj Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Srj Technologies Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Srj Stock Analysis
When running Srj Technologies' price analysis, check to measure Srj Technologies' 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 Srj Technologies is operating at the current time. Most of Srj Technologies' value examination focuses on studying past and present price action to predict the probability of Srj Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Srj Technologies' price. Additionally, you may evaluate how the addition of Srj Technologies to your portfolios can decrease your overall portfolio volatility.