Spectris Plc Stock Market Value
| SEPJF Stock | USD 41.12 1.65 4.18% |
| Symbol | Spectris |
Spectris Plc '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 Spectris Plc'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 Spectris Plc.
| 05/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in Spectris Plc on May 21, 2024 and sell it all today you would earn a total of 0.00 from holding Spectris plc or generate 0.0% return on investment in Spectris Plc over 30 days. Spectris Plc is related to or competes with Keyence, Garmin, Fortive Corp, Keysight Technologies, Teledyne Technologies, Trimble, and Coherent. Spectris plc manufactures and sells measuring instruments and controls worldwide More
Spectris Plc 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 Spectris Plc'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 Spectris plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 19.29 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 4.45 |
Spectris Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectris Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectris Plc's standard deviation. In reality, there are many statistical measures that can use Spectris Plc historical prices to predict the future Spectris Plc's volatility.| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | 0.045 | |||
| Total Risk Alpha | 0.0328 | |||
| Sortino Ratio | 0.0105 | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spectris Plc'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.
Spectris plc Backtested Returns
We consider Spectris Plc very steady. Spectris plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0345, which indicates the firm had a 0.0345% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spectris plc, which you can use to evaluate the volatility of the company. Please validate Spectris Plc's Risk Adjusted Performance of 0.0185, coefficient of variation of 5949.79, and Semi Deviation of 2.35 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Spectris Plc has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.87, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Spectris Plc are expected to decrease slowly. On the other hand, during market turmoil, Spectris Plc is expected to outperform it slightly. Spectris plc right now has a risk of 3.16%. Please validate Spectris Plc jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Spectris Plc will be following its existing price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Spectris plc has poor reverse predictability. Overlapping area represents the amount of predictability between Spectris Plc time series from 21st of May 2024 to 5th of June 2024 and 5th of June 2024 to 20th of June 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 Spectris plc price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Spectris Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Spectris plc lagged returns against current returns
Autocorrelation, which is Spectris Plc 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 Spectris Plc's pink sheet expected returns. We can calculate the autocorrelation of Spectris Plc returns to help us make a trade decision. For example, suppose you find that Spectris Plc 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 |
Spectris Plc 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 Spectris Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectris Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectris Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spectris Plc Lagged Returns
When evaluating Spectris Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectris Plc pink sheet have on its future price. Spectris Plc 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, Spectris Plc autocorrelation shows the relationship between Spectris Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spectris plc.
Regressed Prices |
| Timeline |
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Other Information on Investing in Spectris Pink Sheet
Spectris Plc financial ratios help investors to determine whether Spectris Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spectris with respect to the benefits of owning Spectris Plc security.