Samsonite International Sa Stock Market Value
| SMSOF Stock | USD 3.83 0.02 0.52% |
| Symbol | Samsonite |
Samsonite International '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 Samsonite International'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 Samsonite International.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Samsonite International on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Samsonite International SA or generate 0.0% return on investment in Samsonite International over 330 days. Samsonite International is related to or competes with American Rebel, Forward Industries, Crocs, Deckers Outdoor, On Holding, Skechers USA, and Nike. Samsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags in No... More
Samsonite International 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 Samsonite International'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 Samsonite International SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.1111 | |||
| Maximum Drawdown | 22.31 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 4.91 |
Samsonite International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samsonite International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samsonite International's standard deviation. In reality, there are many statistical measures that can use Samsonite International historical prices to predict the future Samsonite International's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.3859 | |||
| Total Risk Alpha | 0.1595 | |||
| Sortino Ratio | 0.0863 | |||
| Treynor Ratio | (1.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Samsonite International'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.
Samsonite International Backtested Returns
Samsonite International appears to be relatively risky, given 3 months investment horizon. Samsonite International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Samsonite International SA, which you can use to evaluate the volatility of the company. Please review Samsonite International's Semi Deviation of 1.3, risk adjusted performance of 0.0898, and Coefficient Of Variation of 768.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samsonite International holds a performance score of 12. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Samsonite International are expected to decrease at a much lower rate. During the bear market, Samsonite International is likely to outperform the market. Please check Samsonite International's maximum drawdown, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Samsonite International's existing price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Samsonite International SA has average predictability. Overlapping area represents the amount of predictability between Samsonite International time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Samsonite International price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Samsonite International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Samsonite International lagged returns against current returns
Autocorrelation, which is Samsonite International 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 Samsonite International's pink sheet expected returns. We can calculate the autocorrelation of Samsonite International returns to help us make a trade decision. For example, suppose you find that Samsonite International 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 |
Samsonite International 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 Samsonite International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samsonite International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samsonite International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Samsonite International Lagged Returns
When evaluating Samsonite International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samsonite International pink sheet have on its future price. Samsonite International 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, Samsonite International autocorrelation shows the relationship between Samsonite International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Samsonite International SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Samsonite International Correlation, Samsonite International Volatility and Samsonite International Alpha and Beta module to complement your research on Samsonite International. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Samsonite Pink Sheet analysis
When running Samsonite International's price analysis, check to measure Samsonite International'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 Samsonite International is operating at the current time. Most of Samsonite International's value examination focuses on studying past and present price action to predict the probability of Samsonite International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Samsonite International's price. Additionally, you may evaluate how the addition of Samsonite International to your portfolios can decrease your overall portfolio volatility.
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Samsonite International 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.