Steamships Trading (Australia) Market Value
| SST Stock | 13.80 0.05 0.36% |
| Symbol | Steamships |
Steamships Trading '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 Steamships Trading'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 Steamships Trading.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Steamships Trading on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Steamships Trading or generate 0.0% return on investment in Steamships Trading over 270 days. Steamships Trading is related to or competes with WA1 Resources, and Predictive Discovery. Steamships Trading is entity of Australia More
Steamships Trading 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 Steamships Trading'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 Steamships Trading upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 2.15 |
Steamships Trading Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steamships Trading's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steamships Trading's standard deviation. In reality, there are many statistical measures that can use Steamships Trading historical prices to predict the future Steamships Trading's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.58) |
Steamships Trading Backtested Returns
Steamships Trading owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0217, which indicates the firm had a -0.0217% return per unit of risk over the last 3 months. Steamships Trading exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steamships Trading's Variance of 0.1097, risk adjusted performance of (0.03), and Coefficient Of Variation of (4,651) to confirm the risk estimate we provide. The entity has a beta of 0.0297, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Steamships Trading's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steamships Trading is expected to be smaller as well. At this point, Steamships Trading has a negative expected return of -0.0072%. Please make sure to validate Steamships Trading's information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if Steamships Trading performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Steamships Trading has very good reverse predictability. Overlapping area represents the amount of predictability between Steamships Trading time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 Steamships Trading price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Steamships Trading price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Steamships Trading lagged returns against current returns
Autocorrelation, which is Steamships Trading 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 Steamships Trading's stock expected returns. We can calculate the autocorrelation of Steamships Trading returns to help us make a trade decision. For example, suppose you find that Steamships Trading 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 |
Steamships Trading 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 Steamships Trading stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steamships Trading stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steamships Trading stock over time.
Current vs Lagged Prices |
| Timeline |
Steamships Trading Lagged Returns
When evaluating Steamships Trading's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steamships Trading stock have on its future price. Steamships Trading 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, Steamships Trading autocorrelation shows the relationship between Steamships Trading stock current value and its past values and can show if there is a momentum factor associated with investing in Steamships Trading.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Steamships Stock Analysis
When running Steamships Trading's price analysis, check to measure Steamships Trading's 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 Steamships Trading is operating at the current time. Most of Steamships Trading's value examination focuses on studying past and present price action to predict the probability of Steamships Trading's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steamships Trading's price. Additionally, you may evaluate how the addition of Steamships Trading to your portfolios can decrease your overall portfolio volatility.