Superior Industries International Stock Market Value
| SUP Stock | USD 2.54 0.16 6.72% |
| Symbol | Superior |
Superior Industries Price To Book Ratio
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Superior Industries. If investors know Superior will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Superior Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share (3.94) | Revenue Per Share 44.421 | Quarterly Revenue Growth (0) | Return On Assets 0.0026 |
The market value of Superior Industries is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Industries' value that differs from its market value or its book value, called intrinsic value, which is Superior Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Superior Industries' market value can be influenced by many factors that don't directly affect Superior Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Superior Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Superior Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Superior Industries '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 Superior Industries' 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 Superior Industries.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Superior Industries on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Superior Industries International or generate 0.0% return on investment in Superior Industries over 30 days. Superior Industries is related to or competes with LKQ, and Commercial Vehicle. Superior Industries International, Inc. designs, manufactures, and sells aluminum wheels to the original equipment manuf... More
Superior Industries 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 Superior Industries' 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 Superior Industries International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 12.77 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 3.62 |
Superior Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Superior Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Superior Industries' standard deviation. In reality, there are many statistical measures that can use Superior Industries historical prices to predict the future Superior Industries' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Superior Industries' 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.
Superior Industries Backtested Returns
Superior Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Superior Industries International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Superior Industries' Risk Adjusted Performance of (0.16), variance of 6.93, and Coefficient Of Variation of (465.51) to confirm the risk estimate we provide. The entity has a beta of 1.42, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Superior Industries will likely underperform. At this point, Superior Industries has a negative expected return of -0.44%. Please make sure to validate Superior Industries' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Superior Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Superior Industries International has good predictability. Overlapping area represents the amount of predictability between Superior Industries time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Superior Industries price movement. The serial correlation of 0.73 indicates that around 73.0% of current Superior Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Superior Industries lagged returns against current returns
Autocorrelation, which is Superior Industries 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 Superior Industries' stock expected returns. We can calculate the autocorrelation of Superior Industries returns to help us make a trade decision. For example, suppose you find that Superior Industries 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 |
Superior Industries 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 Superior Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Superior Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Superior Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Superior Industries Lagged Returns
When evaluating Superior Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Superior Industries stock have on its future price. Superior Industries 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, Superior Industries autocorrelation shows the relationship between Superior Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Superior Industries International.
Regressed Prices |
| Timeline |
Pair Trading with Superior Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Superior Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Superior Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Superior Stock
Moving against Superior Stock
| 0.86 | EVRI | Everi Holdings | PairCorr |
| 0.73 | DORM | Dorman Products | PairCorr |
| 0.72 | AGS | PlayAGS | PairCorr |
| 0.69 | FLXS | Flexsteel Industries | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
The ability to find closely correlated positions to Superior Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Superior Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Superior Industries International to buy it.
The correlation of Superior Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Superior Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Superior Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Superior Stock Analysis
When running Superior Industries' price analysis, check to measure Superior Industries' 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 Superior Industries is operating at the current time. Most of Superior Industries' value examination focuses on studying past and present price action to predict the probability of Superior Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Industries' price. Additionally, you may evaluate how the addition of Superior Industries to your portfolios can decrease your overall portfolio volatility.