SPARTAN STORES (Germany) Market Value
| SRJ Stock | EUR 17.60 0.50 2.92% |
| Symbol | SPARTAN |
SPARTAN STORES '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 SPARTAN STORES'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 SPARTAN STORES.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in SPARTAN STORES on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding SPARTAN STORES or generate 0.0% return on investment in SPARTAN STORES over 30 days. SPARTAN STORES is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
SPARTAN STORES 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 SPARTAN STORES'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 SPARTAN STORES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.97 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.94 |
SPARTAN STORES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPARTAN STORES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPARTAN STORES's standard deviation. In reality, there are many statistical measures that can use SPARTAN STORES historical prices to predict the future SPARTAN STORES's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.9311 |
SPARTAN STORES Backtested Returns
SPARTAN STORES retains Efficiency (Sharpe Ratio) of -0.0253, which indicates the firm had a -0.0253% return per unit of risk over the last 3 months. SPARTAN STORES exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPARTAN STORES's standard deviation of 2.23, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPARTAN STORES are expected to decrease at a much lower rate. During the bear market, SPARTAN STORES is likely to outperform the market. At this point, SPARTAN STORES has a negative expected return of -0.0574%. Please make sure to validate SPARTAN STORES's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if SPARTAN STORES performance from the past will be repeated at future time.
Auto-correlation | 0.21 |
Weak predictability
SPARTAN STORES has weak predictability. Overlapping area represents the amount of predictability between SPARTAN STORES time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 SPARTAN STORES price movement. The serial correlation of 0.21 indicates that over 21.0% of current SPARTAN STORES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
SPARTAN STORES lagged returns against current returns
Autocorrelation, which is SPARTAN STORES 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 SPARTAN STORES's stock expected returns. We can calculate the autocorrelation of SPARTAN STORES returns to help us make a trade decision. For example, suppose you find that SPARTAN STORES 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 |
SPARTAN STORES 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 SPARTAN STORES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPARTAN STORES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPARTAN STORES stock over time.
Current vs Lagged Prices |
| Timeline |
SPARTAN STORES Lagged Returns
When evaluating SPARTAN STORES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPARTAN STORES stock have on its future price. SPARTAN STORES 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, SPARTAN STORES autocorrelation shows the relationship between SPARTAN STORES stock current value and its past values and can show if there is a momentum factor associated with investing in SPARTAN STORES.
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.Other Information on Investing in SPARTAN Stock
SPARTAN STORES financial ratios help investors to determine whether SPARTAN Stock 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 SPARTAN with respect to the benefits of owning SPARTAN STORES security.