Sociedad Comercial (Switzerland) Market Value
| CADN Stock | CHF 0.07 0.00 0.00% |
| Symbol | Sociedad |
Sociedad Comercial '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 Sociedad Comercial'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 Sociedad Comercial.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Sociedad Comercial on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sociedad Comercial del or generate 0.0% return on investment in Sociedad Comercial over 30 days. Sociedad Comercial is related to or competes with Mobilezone, Schweiter Technologies, Zuger Kantonalbank, Graubuendner Kantonalbank, Logitech International, Berner Kantonalbank, and Zurich Insurance. Sociedad Comercial del Plata S.A. operates in construction, energy, transportation, and real estate sectors in Argentina... More
Sociedad Comercial 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 Sociedad Comercial'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 Sociedad Comercial del upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.58 | |||
| Information Ratio | 0.0046 | |||
| Maximum Drawdown | 106.83 | |||
| Value At Risk | (25.38) | |||
| Potential Upside | 40.0 |
Sociedad Comercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sociedad Comercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sociedad Comercial's standard deviation. In reality, there are many statistical measures that can use Sociedad Comercial historical prices to predict the future Sociedad Comercial's volatility.| Risk Adjusted Performance | 0.0157 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (1.84) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | 0.0712 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sociedad Comercial'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.
Sociedad Comercial del Backtested Returns
Sociedad Comercial appears to be out of control, given 3 months investment horizon. Sociedad Comercial del owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0164, which indicates the firm had a 0.0164% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sociedad Comercial del, which you can use to evaluate the volatility of the company. Please review Sociedad Comercial's Semi Deviation of 11.16, risk adjusted performance of 0.0157, and Coefficient Of Variation of 10142.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sociedad Comercial holds a performance score of 1. The entity has a beta of 2.09, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sociedad Comercial will likely underperform. Please check Sociedad Comercial's downside deviation, information ratio, and the relationship between the semi deviation and variance , to make a quick decision on whether Sociedad Comercial's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Sociedad Comercial del has no correlation between past and present. Overlapping area represents the amount of predictability between Sociedad Comercial time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Sociedad Comercial del price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sociedad Comercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sociedad Comercial del lagged returns against current returns
Autocorrelation, which is Sociedad Comercial 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 Sociedad Comercial's stock expected returns. We can calculate the autocorrelation of Sociedad Comercial returns to help us make a trade decision. For example, suppose you find that Sociedad Comercial 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 |
Sociedad Comercial 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 Sociedad Comercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sociedad Comercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sociedad Comercial stock over time.
Current vs Lagged Prices |
| Timeline |
Sociedad Comercial Lagged Returns
When evaluating Sociedad Comercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sociedad Comercial stock have on its future price. Sociedad Comercial 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, Sociedad Comercial autocorrelation shows the relationship between Sociedad Comercial stock current value and its past values and can show if there is a momentum factor associated with investing in Sociedad Comercial del.
Regressed Prices |
| Timeline |
Pair Trading with Sociedad Comercial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sociedad Comercial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sociedad Comercial will appreciate offsetting losses from the drop in the long position's value.Moving against Sociedad Stock
| 0.74 | GIVN | Givaudan SA | PairCorr |
| 0.64 | FORN | Forbo Holding AG | PairCorr |
| 0.62 | INRN | Interroll Holding | PairCorr |
| 0.55 | ZUGER | Zuger Kantonalbank | PairCorr |
| 0.47 | ZUGN | Zug Estates Holding | PairCorr |
The ability to find closely correlated positions to Sociedad Comercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sociedad Comercial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sociedad Comercial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sociedad Comercial del to buy it.
The correlation of Sociedad Comercial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sociedad Comercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sociedad Comercial del moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sociedad Comercial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Sociedad Comercial Correlation, Sociedad Comercial Volatility and Sociedad Comercial Alpha and Beta module to complement your research on Sociedad Comercial. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Sociedad Stock analysis
When running Sociedad Comercial's price analysis, check to measure Sociedad Comercial'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 Sociedad Comercial is operating at the current time. Most of Sociedad Comercial's value examination focuses on studying past and present price action to predict the probability of Sociedad Comercial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sociedad Comercial's price. Additionally, you may evaluate how the addition of Sociedad Comercial to your portfolios can decrease your overall portfolio volatility.
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Sociedad Comercial 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.