Space Communication Stock Market Value
| SPMMF Stock | USD 0.20 0.00 0.00% |
| Symbol | Space-Communication |
Space-Communication '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 Space-Communication'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 Space-Communication.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Space-Communication on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Space Communication or generate 0.0% return on investment in Space-Communication over 30 days. Space-Communication is related to or competes with Verizon Communications, Comcast Corp, and ATT. Space-Communication Ltd. provides satellite communication services worldwide More
Space-Communication 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 Space-Communication'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 Space Communication upside and downside potential and time the market with a certain degree of confidence.
Space-Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Space-Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Space-Communication's standard deviation. In reality, there are many statistical measures that can use Space-Communication historical prices to predict the future Space-Communication's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Space-Communication'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.
Space Communication Backtested Returns
We have found three technical indicators for Space Communication, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Space-Communication are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Space Communication has perfect predictability. Overlapping area represents the amount of predictability between Space-Communication 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 Space Communication price movement. The serial correlation of 1.0 indicates that 100.0% of current Space-Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Space Communication lagged returns against current returns
Autocorrelation, which is Space-Communication 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 Space-Communication's pink sheet expected returns. We can calculate the autocorrelation of Space-Communication returns to help us make a trade decision. For example, suppose you find that Space-Communication 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 |
Space-Communication 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 Space-Communication pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Space-Communication pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Space-Communication pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Space-Communication Lagged Returns
When evaluating Space-Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Space-Communication pink sheet have on its future price. Space-Communication 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, Space-Communication autocorrelation shows the relationship between Space-Communication pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Space Communication.
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 Space-Communication 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, Space-Communication's short interest history, or implied volatility extrapolated from Space-Communication options trading.
Currently Active Assets on Macroaxis
Check out Space-Communication Correlation, Space-Communication Volatility and Space-Communication Alpha and Beta module to complement your research on Space-Communication. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Space-Communication Pink Sheet analysis
When running Space-Communication's price analysis, check to measure Space-Communication'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 Space-Communication is operating at the current time. Most of Space-Communication's value examination focuses on studying past and present price action to predict the probability of Space-Communication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Space-Communication's price. Additionally, you may evaluate how the addition of Space-Communication to your portfolios can decrease your overall portfolio volatility.
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Space-Communication 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.