SALMAR (Germany) Market Value
| JEP Stock | EUR 56.35 1.40 2.55% |
| Symbol | SALMAR |
SALMAR '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 SALMAR'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 SALMAR.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in SALMAR on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding SALMAR or generate 0.0% return on investment in SALMAR over 30 days. SALMAR is related to or competes with Haverty Furniture, Addus HomeCare, INTERVEST OFFICES+WAREHO, Marie Brizard, and ITALIAN WINE. More
SALMAR 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 SALMAR'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 SALMAR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.84 |
SALMAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SALMAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SALMAR's standard deviation. In reality, there are many statistical measures that can use SALMAR historical prices to predict the future SALMAR's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.1002 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0267 | |||
| Treynor Ratio | 0.4666 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SALMAR's 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.
SALMAR Backtested Returns
We consider SALMAR very steady. SALMAR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.084, which indicates the company had a 0.084% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SALMAR, which you can use to evaluate the volatility of the entity. Please validate SALMAR's Market Risk Adjusted Performance of 0.4766, risk adjusted performance of 0.0565, and Downside Deviation of 1.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. SALMAR has a performance score of 6 on a scale of 0 to 100. The firm has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SALMAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding SALMAR is expected to be smaller as well. SALMAR now has a risk of 1.65%. Please validate SALMAR total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if SALMAR will be following its existing price patterns.
Auto-correlation | 0.73 |
Good predictability
SALMAR has good predictability. Overlapping area represents the amount of predictability between SALMAR time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 SALMAR price movement. The serial correlation of 0.73 indicates that around 73.0% of current SALMAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
SALMAR lagged returns against current returns
Autocorrelation, which is SALMAR 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 SALMAR's stock expected returns. We can calculate the autocorrelation of SALMAR returns to help us make a trade decision. For example, suppose you find that SALMAR 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 |
SALMAR 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 SALMAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SALMAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SALMAR stock over time.
Current vs Lagged Prices |
| Timeline |
SALMAR Lagged Returns
When evaluating SALMAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SALMAR stock have on its future price. SALMAR 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, SALMAR autocorrelation shows the relationship between SALMAR stock current value and its past values and can show if there is a momentum factor associated with investing in SALMAR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SALMAR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SALMAR's short interest history, or implied volatility extrapolated from SALMAR options trading.
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Complementary Tools for SALMAR Stock analysis
When running SALMAR's price analysis, check to measure SALMAR'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 SALMAR is operating at the current time. Most of SALMAR's value examination focuses on studying past and present price action to predict the probability of SALMAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SALMAR's price. Additionally, you may evaluate how the addition of SALMAR to your portfolios can decrease your overall portfolio volatility.
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SALMAR 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.