361 Degrees International Stock Market Value
| TSIOF Stock | USD 0.59 0.00 0.00% |
| Symbol | 361 |
361 Degrees '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 361 Degrees' 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 361 Degrees.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in 361 Degrees on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding 361 Degrees International or generate 0.0% return on investment in 361 Degrees over 90 days. 361 Degrees is related to or competes with American Rebel, Crocs, On Holding, Deckers Outdoor, Skechers USA, Steven Madden, and Designer Brands. 361 Degrees International Limited, an investment holding company, manufactures and trades in sporting goods in the Peopl... More
361 Degrees 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 361 Degrees' 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 361 Degrees International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1139 | |||
| Maximum Drawdown | 18.18 | |||
| Potential Upside | 5.36 |
361 Degrees Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 361 Degrees' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 361 Degrees' standard deviation. In reality, there are many statistical measures that can use 361 Degrees historical prices to predict the future 361 Degrees' volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.3978 | |||
| Total Risk Alpha | 0.0212 | |||
| Treynor Ratio | 5.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 361 Degrees' 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.
361 Degrees International Backtested Returns
361 Degrees appears to be abnormally volatile, given 3 months investment horizon. 361 Degrees International retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the company had a 0.15% return per unit of price deviation over the last 3 months. We have found eighteen technical indicators for 361 Degrees, which you can use to evaluate the volatility of the entity. Please makes use of 361 Degrees' Variance of 7.82, information ratio of 0.1139, and Market Risk Adjusted Performance of 5.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 361 Degrees holds a performance score of 11. The firm owns a Beta (Systematic Risk) of 0.0704, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 361 Degrees' returns are expected to increase less than the market. However, during the bear market, the loss of holding 361 Degrees is expected to be smaller as well. Please check 361 Degrees' standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether 361 Degrees' current price history will revert.
Auto-correlation | 0.49 |
Average predictability
361 Degrees International has average predictability. Overlapping area represents the amount of predictability between 361 Degrees time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 361 Degrees International price movement. The serial correlation of 0.49 indicates that about 49.0% of current 361 Degrees price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
361 Degrees International lagged returns against current returns
Autocorrelation, which is 361 Degrees 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 361 Degrees' pink sheet expected returns. We can calculate the autocorrelation of 361 Degrees returns to help us make a trade decision. For example, suppose you find that 361 Degrees 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 |
361 Degrees 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 361 Degrees pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 361 Degrees pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 361 Degrees pink sheet over time.
Current vs Lagged Prices |
| Timeline |
361 Degrees Lagged Returns
When evaluating 361 Degrees' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 361 Degrees pink sheet have on its future price. 361 Degrees 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, 361 Degrees autocorrelation shows the relationship between 361 Degrees pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 361 Degrees International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out 361 Degrees Correlation, 361 Degrees Volatility and 361 Degrees Alpha and Beta module to complement your research on 361 Degrees. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for 361 Pink Sheet analysis
When running 361 Degrees' price analysis, check to measure 361 Degrees' 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 361 Degrees is operating at the current time. Most of 361 Degrees' value examination focuses on studying past and present price action to predict the probability of 361 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 361 Degrees' price. Additionally, you may evaluate how the addition of 361 Degrees to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
361 Degrees 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.