SRXM34 (Brazil) Market Value
| SRXM34 Stock | BRL 17.75 0.00 0.00% |
| Symbol | SRXM34 |
SRXM34 '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 SRXM34'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 SRXM34.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in SRXM34 on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding SRXM34 or generate 0.0% return on investment in SRXM34 over 360 days. SRXM34 is related to or competes with N1WS34, Apple, Morgan Stanley, Visa, Costco Wholesale, and A1VY34. Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States More
SRXM34 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 SRXM34'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 SRXM34 upside and downside potential and time the market with a certain degree of confidence.
SRXM34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SRXM34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SRXM34's standard deviation. In reality, there are many statistical measures that can use SRXM34 historical prices to predict the future SRXM34's volatility.SRXM34 Backtested Returns
We have found three technical indicators for SRXM34, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SRXM34 are completely uncorrelated.
Auto-correlation | 0.22 |
Weak predictability
SRXM34 has weak predictability. Overlapping area represents the amount of predictability between SRXM34 time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th of December 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 SRXM34 price movement. The serial correlation of 0.22 indicates that over 22.0% of current SRXM34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
SRXM34 lagged returns against current returns
Autocorrelation, which is SRXM34 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 SRXM34's stock expected returns. We can calculate the autocorrelation of SRXM34 returns to help us make a trade decision. For example, suppose you find that SRXM34 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 |
SRXM34 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 SRXM34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SRXM34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SRXM34 stock over time.
Current vs Lagged Prices |
| Timeline |
SRXM34 Lagged Returns
When evaluating SRXM34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SRXM34 stock have on its future price. SRXM34 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, SRXM34 autocorrelation shows the relationship between SRXM34 stock current value and its past values and can show if there is a momentum factor associated with investing in SRXM34.
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 SRXM34 Stock
SRXM34 financial ratios help investors to determine whether SRXM34 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 SRXM34 with respect to the benefits of owning SRXM34 security.