Spirax Sarco Engineering Plc Stock Market Value
| SPXSF Stock | USD 113.50 1.42 1.27% |
| Symbol | Spirax |
Spirax Sarco '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 Spirax Sarco'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 Spirax Sarco.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Spirax Sarco on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Spirax Sarco Engineering plc or generate 0.0% return on investment in Spirax Sarco over 30 days. Spirax Sarco is related to or competes with Keyence, and OMRON Corp. Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, ele... More
Spirax Sarco 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 Spirax Sarco'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 Spirax Sarco Engineering plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.04 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.07 |
Spirax Sarco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirax Sarco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirax Sarco's standard deviation. In reality, there are many statistical measures that can use Spirax Sarco historical prices to predict the future Spirax Sarco's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirax Sarco'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.
Spirax Sarco Enginee Backtested Returns
Spirax Sarco Enginee owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0857, which indicates the firm had a -0.0857% return per unit of risk over the last 3 months. Spirax Sarco Engineering plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirax Sarco's Variance of 4.79, coefficient of variation of (5,423), and Risk Adjusted Performance of (0) to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spirax Sarco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirax Sarco is expected to be smaller as well. Spirax Sarco Enginee has an expected return of -0.18%. Please make sure to validate Spirax Sarco variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Spirax Sarco Enginee performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Spirax Sarco Engineering plc has average predictability. Overlapping area represents the amount of predictability between Spirax Sarco time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Spirax Sarco Enginee price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Spirax Sarco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 9.64 |
Spirax Sarco Enginee lagged returns against current returns
Autocorrelation, which is Spirax Sarco 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 Spirax Sarco's pink sheet expected returns. We can calculate the autocorrelation of Spirax Sarco returns to help us make a trade decision. For example, suppose you find that Spirax Sarco 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 |
Spirax Sarco 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 Spirax Sarco pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirax Sarco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirax Sarco pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spirax Sarco Lagged Returns
When evaluating Spirax Sarco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirax Sarco pink sheet have on its future price. Spirax Sarco 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, Spirax Sarco autocorrelation shows the relationship between Spirax Sarco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spirax Sarco Engineering plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Spirax Sarco Correlation, Spirax Sarco Volatility and Spirax Sarco Alpha and Beta module to complement your research on Spirax Sarco. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Spirax Pink Sheet analysis
When running Spirax Sarco's price analysis, check to measure Spirax Sarco'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 Spirax Sarco is operating at the current time. Most of Spirax Sarco's value examination focuses on studying past and present price action to predict the probability of Spirax Sarco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirax Sarco's price. Additionally, you may evaluate how the addition of Spirax Sarco to your portfolios can decrease your overall portfolio volatility.
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Spirax Sarco 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.