SRV Group (Finland) Market Value
| SRV1V Stock | EUR 4.95 0.02 0.40% |
| Symbol | SRV |
SRV Group '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 SRV Group'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 SRV Group.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in SRV Group on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding SRV Group plc or generate 0.0% return on investment in SRV Group over 720 days. SRV Group is related to or competes with YIT Oyj, Tokmanni Group, Outokumpu Oyj, and Cargotec Oyj. SRV Yhtit Oyj, a construction company, engages in the development, construction, and commercialization of various projec... More
SRV Group 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 SRV Group'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 SRV Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.78 |
SRV Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SRV Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SRV Group's standard deviation. In reality, there are many statistical measures that can use SRV Group historical prices to predict the future SRV Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SRV Group'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.
SRV Group plc Backtested Returns
SRV Group plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0432, which indicates the firm had a -0.0432% return per unit of standard deviation over the last 3 months. SRV Group plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SRV Group's risk adjusted performance of (0.01), and Variance of 3.26 to confirm the risk estimate we provide. The entity has a beta of 0.0503, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SRV Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding SRV Group is expected to be smaller as well. At this point, SRV Group plc has a negative expected return of -0.0775%. Please make sure to validate SRV Group's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if SRV Group plc performance from the past will be repeated at some future point.
Auto-correlation | -0.19 |
Insignificant reverse predictability
SRV Group plc has insignificant reverse predictability. Overlapping area represents the amount of predictability between SRV Group time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 SRV Group plc price movement. The serial correlation of -0.19 indicates that over 19.0% of current SRV Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
SRV Group plc lagged returns against current returns
Autocorrelation, which is SRV Group 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 SRV Group's stock expected returns. We can calculate the autocorrelation of SRV Group returns to help us make a trade decision. For example, suppose you find that SRV Group 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 |
SRV Group 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 SRV Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SRV Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SRV Group stock over time.
Current vs Lagged Prices |
| Timeline |
SRV Group Lagged Returns
When evaluating SRV Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SRV Group stock have on its future price. SRV Group 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, SRV Group autocorrelation shows the relationship between SRV Group stock current value and its past values and can show if there is a momentum factor associated with investing in SRV Group plc.
Regressed Prices |
| Timeline |
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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 SRV Stock
SRV Group financial ratios help investors to determine whether SRV 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 SRV with respect to the benefits of owning SRV Group security.