SANDS CHINA LTD Market Value
| 80007RAE5 | 98.10 0.95 0.96% |
| Symbol | SANDS |
SANDS '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 SANDS's bond 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 SANDS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SANDS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SANDS CHINA LTD or generate 0.0% return on investment in SANDS over 30 days. SANDS is related to or competes with AerSale Corp, Daily Journal, Alaska Air, Corporacion America, WEBTOON Entertainment, Afya, and Westinghouse Air. More
SANDS 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 SANDS's bond 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 SANDS CHINA LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.769 |
SANDS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SANDS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SANDS's standard deviation. In reality, there are many statistical measures that can use SANDS historical prices to predict the future SANDS's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.51) |
SANDS CHINA LTD Backtested Returns
SANDS CHINA LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the bond had a -0.12% return per unit of standard deviation over the last 3 months. SANDS CHINA LTD exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SANDS's Standard Deviation of 0.8511, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.50) to confirm the risk estimate we provide. The entity has a beta of 0.0649, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SANDS's returns are expected to increase less than the market. However, during the bear market, the loss of holding SANDS is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
SANDS CHINA LTD has average predictability. Overlapping area represents the amount of predictability between SANDS 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 SANDS CHINA LTD price movement. The serial correlation of 0.42 indicates that just about 42.0% of current SANDS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
SANDS CHINA LTD lagged returns against current returns
Autocorrelation, which is SANDS bond'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 SANDS's bond expected returns. We can calculate the autocorrelation of SANDS returns to help us make a trade decision. For example, suppose you find that SANDS has exhibited high autocorrelation historically, and you observe that the bond 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 |
SANDS 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 SANDS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SANDS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SANDS bond over time.
Current vs Lagged Prices |
| Timeline |
SANDS Lagged Returns
When evaluating SANDS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SANDS bond have on its future price. SANDS 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, SANDS autocorrelation shows the relationship between SANDS bond current value and its past values and can show if there is a momentum factor associated with investing in SANDS CHINA LTD.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in SANDS Bond
SANDS financial ratios help investors to determine whether SANDS Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SANDS with respect to the benefits of owning SANDS security.