Schindler Holding Ag Stock Market Value
| SHLAF Stock | USD 238.15 11.37 4.56% |
| Symbol | Schindler |
Schindler Holding '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 Schindler Holding's pink sheet 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 Schindler Holding.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Schindler Holding on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Schindler Holding AG or generate 0.0% return on investment in Schindler Holding over 30 days. Schindler Holding is related to or competes with SMC Corp, Schneider Electric, Atlas Copco, Fanuc, Illinois Tool, Pentair PLC, and Parker Hannifin. Schindler Holding AG engages in the production, installation, maintenance, and modernization of elevators, escalators, a... More
Schindler Holding 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 Schindler Holding's pink sheet 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 Schindler Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.6007 |
Schindler Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schindler Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schindler Holding's standard deviation. In reality, there are many statistical measures that can use Schindler Holding historical prices to predict the future Schindler Holding's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schindler Holding'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.
Schindler Holding Backtested Returns
Schindler Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0055, which indicates the firm had a -0.0055% return per unit of risk over the last 3 months. Schindler Holding AG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schindler Holding's Risk Adjusted Performance of 0.001, coefficient of variation of (18,162), and Variance of 1.27 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Schindler Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schindler Holding is expected to be smaller as well. Schindler Holding has an expected return of -0.0062%. Please make sure to validate Schindler Holding total risk alpha, daily balance of power, relative strength index, as well as the relationship between the potential upside and day typical price , to decide if Schindler Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Schindler Holding AG has good predictability. Overlapping area represents the amount of predictability between Schindler Holding time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Schindler Holding price movement. The serial correlation of 0.77 indicates that around 77.0% of current Schindler Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 32.05 |
Schindler Holding lagged returns against current returns
Autocorrelation, which is Schindler Holding pink sheet'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 Schindler Holding's pink sheet expected returns. We can calculate the autocorrelation of Schindler Holding returns to help us make a trade decision. For example, suppose you find that Schindler Holding has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Schindler Holding 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 Schindler Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schindler Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schindler Holding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Schindler Holding Lagged Returns
When evaluating Schindler Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schindler Holding pink sheet have on its future price. Schindler Holding 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, Schindler Holding autocorrelation shows the relationship between Schindler Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Schindler Holding AG.
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 Schindler Holding 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, Schindler Holding's short interest history, or implied volatility extrapolated from Schindler Holding options trading.
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Check out Schindler Holding Correlation, Schindler Holding Volatility and Schindler Holding Alpha and Beta module to complement your research on Schindler Holding. Note that the Schindler Holding information on this page should be used as a complementary analysis to other Schindler Holding's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Schindler Pink Sheet analysis
When running Schindler Holding's price analysis, check to measure Schindler Holding'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 Schindler Holding is operating at the current time. Most of Schindler Holding's value examination focuses on studying past and present price action to predict the probability of Schindler Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Schindler Holding's price. Additionally, you may evaluate how the addition of Schindler Holding to your portfolios can decrease your overall portfolio volatility.
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Schindler Holding technical pink sheet 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, pink sheet market cycles, or different charting patterns.