Sildarvinnslan's market value is the price at which a share of Sildarvinnslan trades on a public exchange. It measures the collective expectations of Sildarvinnslan Hf investors about its performance. Sildarvinnslan is trading at 93.50 as of the 30th of November 2024, a 1.58% down since the beginning of the trading day. The stock's open price was 95.0. With this module, you can estimate the performance of a buy and hold strategy of Sildarvinnslan Hf and determine expected loss or profit from investing in Sildarvinnslan over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Sildarvinnslan
Sildarvinnslan '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 Sildarvinnslan'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 Sildarvinnslan.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Sildarvinnslan on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sildarvinnslan Hf or generate 0.0% return on investment in Sildarvinnslan over 30 days.
Sildarvinnslan 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 Sildarvinnslan'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 Sildarvinnslan Hf upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sildarvinnslan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sildarvinnslan's standard deviation. In reality, there are many statistical measures that can use Sildarvinnslan historical prices to predict the future Sildarvinnslan's volatility.
Sildarvinnslan Hf owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0311, which indicates the firm had a -0.0311% return per unit of risk over the last 3 months. Sildarvinnslan Hf exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sildarvinnslan's Variance of 0.8235, coefficient of variation of (3,244), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.0721, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sildarvinnslan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sildarvinnslan is expected to be smaller as well. At this point, Sildarvinnslan Hf has a negative expected return of -0.0284%. Please make sure to validate Sildarvinnslan's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Sildarvinnslan Hf performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.63
Very good reverse predictability
Sildarvinnslan Hf has very good reverse predictability. Overlapping area represents the amount of predictability between Sildarvinnslan time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Sildarvinnslan Hf price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Sildarvinnslan price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.63
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
0.56
Sildarvinnslan Hf lagged returns against current returns
Autocorrelation, which is Sildarvinnslan 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 Sildarvinnslan's stock expected returns. We can calculate the autocorrelation of Sildarvinnslan returns to help us make a trade decision. For example, suppose you find that Sildarvinnslan 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
Sildarvinnslan 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 Sildarvinnslan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sildarvinnslan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sildarvinnslan stock over time.
Current vs Lagged Prices
Timeline
Sildarvinnslan Lagged Returns
When evaluating Sildarvinnslan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sildarvinnslan stock have on its future price. Sildarvinnslan 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, Sildarvinnslan autocorrelation shows the relationship between Sildarvinnslan stock current value and its past values and can show if there is a momentum factor associated with investing in Sildarvinnslan Hf.
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.