Strattec Security (Germany) Market Value
| SS8 Stock | EUR 38.60 0.20 0.52% |
| Symbol | Strattec |
Strattec Security '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 Strattec Security'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 Strattec Security.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Strattec Security on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Strattec Security Corp or generate 0.0% return on investment in Strattec Security over 90 days. Strattec Security is related to or competes with RELIANCE STEEL, BlueScope Steel, CECO ENVIRONMENTAL, Ramsay Health, and ALGOMA STEEL. More
Strattec Security 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 Strattec Security'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 Strattec Security Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 19.62 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 6.29 |
Strattec Security Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strattec Security's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strattec Security's standard deviation. In reality, there are many statistical measures that can use Strattec Security historical prices to predict the future Strattec Security's volatility.| Risk Adjusted Performance | 0.0679 | |||
| Jensen Alpha | 0.1648 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0492 | |||
| Treynor Ratio | 0.2922 |
Strattec Security Corp Backtested Returns
Strattec Security appears to be very steady, given 3 months investment horizon. Strattec Security Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Strattec Security Corp, which you can use to evaluate the volatility of the company. Please review Strattec Security's Risk Adjusted Performance of 0.0679, coefficient of variation of 1276.16, and Semi Deviation of 2.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Strattec Security holds a performance score of 8. The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. Strattec Security returns are very sensitive to returns on the market. As the market goes up or down, Strattec Security is expected to follow. Please check Strattec Security's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Strattec Security's existing price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Strattec Security Corp has good predictability. Overlapping area represents the amount of predictability between Strattec Security time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Strattec Security Corp price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Strattec Security price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
Strattec Security Corp lagged returns against current returns
Autocorrelation, which is Strattec Security 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 Strattec Security's stock expected returns. We can calculate the autocorrelation of Strattec Security returns to help us make a trade decision. For example, suppose you find that Strattec Security 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 |
Strattec Security 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 Strattec Security stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strattec Security stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strattec Security stock over time.
Current vs Lagged Prices |
| Timeline |
Strattec Security Lagged Returns
When evaluating Strattec Security's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strattec Security stock have on its future price. Strattec Security 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, Strattec Security autocorrelation shows the relationship between Strattec Security stock current value and its past values and can show if there is a momentum factor associated with investing in Strattec Security Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Strattec Stock
Strattec Security financial ratios help investors to determine whether Strattec 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 Strattec with respect to the benefits of owning Strattec Security security.