Sterling Construction (Germany) Market Value
| UAO Stock | EUR 187.55 0.25 0.13% |
| Symbol | Sterling |
Sterling Construction '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 Sterling Construction'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 Sterling Construction.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sterling Construction on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Sterling Construction or generate 0.0% return on investment in Sterling Construction over 510 days. Sterling Construction is related to or competes with ATRESMEDIA, GigaMedia, ANTA SPORTS, and Townsquare Media. Sterling Construction Company, Inc., together with its subsidiaries, operates as a heavy civil and residential construct... More
Sterling Construction 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 Sterling Construction'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 Sterling Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.2247 | |||
| Maximum Drawdown | 17.61 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 8.21 |
Sterling Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling Construction's standard deviation. In reality, there are many statistical measures that can use Sterling Construction historical prices to predict the future Sterling Construction's volatility.| Risk Adjusted Performance | 0.2069 | |||
| Jensen Alpha | 0.8967 | |||
| Total Risk Alpha | 0.3691 | |||
| Sortino Ratio | 0.3676 | |||
| Treynor Ratio | 3.47 |
Sterling Construction Backtested Returns
Sterling Construction appears to be very steady, given 3 months investment horizon. Sterling Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Sterling Construction's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Sterling Construction's Semi Deviation of 1.6, coefficient of variation of 384.01, and Risk Adjusted Performance of 0.2069 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sterling Construction holds a performance score of 21. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sterling Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sterling Construction is expected to be smaller as well. Please check Sterling Construction's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Sterling Construction's existing price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Sterling Construction has good predictability. Overlapping area represents the amount of predictability between Sterling Construction 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 Sterling Construction price movement. The serial correlation of 0.79 indicates that around 79.0% of current Sterling Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 526.77 |
Sterling Construction lagged returns against current returns
Autocorrelation, which is Sterling Construction 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 Sterling Construction's stock expected returns. We can calculate the autocorrelation of Sterling Construction returns to help us make a trade decision. For example, suppose you find that Sterling Construction 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 |
Sterling Construction 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 Sterling Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Sterling Construction Lagged Returns
When evaluating Sterling Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling Construction stock have on its future price. Sterling Construction 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, Sterling Construction autocorrelation shows the relationship between Sterling Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Sterling Construction.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Sterling Stock
When determining whether Sterling Construction is a strong investment it is important to analyze Sterling Construction's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sterling Construction's future performance. For an informed investment choice regarding Sterling Stock, refer to the following important reports:Check out Sterling Construction Correlation, Sterling Construction Volatility and Sterling Construction Alpha and Beta module to complement your research on Sterling Construction. For more detail on how to invest in Sterling Stock please use our How to Invest in Sterling Construction guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Sterling Construction technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.