Swiss Steel (Switzerland) Market Value
| STLN Stock | CHF 1.92 0.12 5.88% |
| Symbol | Swiss |
Swiss Steel '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 Swiss Steel'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 Swiss Steel.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Swiss Steel on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Swiss Steel Holding or generate 0.0% return on investment in Swiss Steel over 510 days. Swiss Steel is related to or competes with OC Oerlikon, Meyer Burger, Evolva Holding, Sulzer AG, and Aryzta AG. SCHMOLZ BICKENBACH AG manufactures stainless steel, engineering steel, tool steel, and other specialty products worldwid... More
Swiss Steel 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 Swiss Steel'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 Swiss Steel Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 23.36 | |||
| Value At Risk | (7.08) | |||
| Potential Upside | 5.48 |
Swiss Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Swiss Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swiss Steel's standard deviation. In reality, there are many statistical measures that can use Swiss Steel historical prices to predict the future Swiss Steel's volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (1.34) | |||
| Total Risk Alpha | (1.99) | |||
| Treynor Ratio | 5.91 |
Swiss Steel Holding Backtested Returns
Swiss Steel Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.34, which indicates the firm had a -0.34% return per unit of risk over the last 3 months. Swiss Steel Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Swiss Steel's Coefficient Of Variation of (297.63), variance of 16.26, and Risk Adjusted Performance of (0.25) to confirm the risk estimate we provide. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Swiss Steel are expected to decrease at a much lower rate. During the bear market, Swiss Steel is likely to outperform the market. At this point, Swiss Steel Holding has a negative expected return of -1.37%. Please make sure to validate Swiss Steel's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Swiss Steel Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Swiss Steel Holding has excellent predictability. Overlapping area represents the amount of predictability between Swiss Steel time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Swiss Steel Holding price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Swiss Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 29.45 |
Swiss Steel Holding lagged returns against current returns
Autocorrelation, which is Swiss Steel 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 Swiss Steel's stock expected returns. We can calculate the autocorrelation of Swiss Steel returns to help us make a trade decision. For example, suppose you find that Swiss Steel 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 |
Swiss Steel 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 Swiss Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swiss Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swiss Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Swiss Steel Lagged Returns
When evaluating Swiss Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swiss Steel stock have on its future price. Swiss Steel 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, Swiss Steel autocorrelation shows the relationship between Swiss Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Swiss Steel Holding.
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.Additional Tools for Swiss Stock Analysis
When running Swiss Steel's price analysis, check to measure Swiss Steel'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 Swiss Steel is operating at the current time. Most of Swiss Steel's value examination focuses on studying past and present price action to predict the probability of Swiss Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Swiss Steel's price. Additionally, you may evaluate how the addition of Swiss Steel to your portfolios can decrease your overall portfolio volatility.