SIDETRADE (Germany) Market Value
| 7QG Stock | 221.00 1.00 0.45% |
| Symbol | SIDETRADE |
SIDETRADE '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 SIDETRADE'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 SIDETRADE.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in SIDETRADE on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding SIDETRADE EO 1 or generate 0.0% return on investment in SIDETRADE over 240 days. SIDETRADE is related to or competes with PSI Software, Consolidated Communications, BW OFFSHORE, Citic Telecom, and Chunghwa Telecom. More
SIDETRADE 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 SIDETRADE'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 SIDETRADE EO 1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.96 |
SIDETRADE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIDETRADE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIDETRADE's standard deviation. In reality, there are many statistical measures that can use SIDETRADE historical prices to predict the future SIDETRADE's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.1492 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0084 | |||
| Treynor Ratio | (12.00) |
SIDETRADE EO 1 Backtested Returns
At this point, SIDETRADE is very steady. SIDETRADE EO 1 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0486, which indicates the firm had a 0.0486% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for SIDETRADE EO 1, which you can use to evaluate the volatility of the company. Please validate SIDETRADE's coefficient of variation of 1541.65, and Risk Adjusted Performance of 0.0564 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. SIDETRADE has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0123, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SIDETRADE are expected to decrease at a much lower rate. During the bear market, SIDETRADE is likely to outperform the market. SIDETRADE EO 1 now has a risk of 2.3%. Please validate SIDETRADE semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if SIDETRADE will be following its existing price patterns.
Auto-correlation | 0.59 |
Modest predictability
SIDETRADE EO 1 has modest predictability. Overlapping area represents the amount of predictability between SIDETRADE time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 SIDETRADE EO 1 price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current SIDETRADE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 153.64 |
SIDETRADE EO 1 lagged returns against current returns
Autocorrelation, which is SIDETRADE 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 SIDETRADE's stock expected returns. We can calculate the autocorrelation of SIDETRADE returns to help us make a trade decision. For example, suppose you find that SIDETRADE 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 |
SIDETRADE 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 SIDETRADE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIDETRADE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIDETRADE stock over time.
Current vs Lagged Prices |
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SIDETRADE Lagged Returns
When evaluating SIDETRADE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIDETRADE stock have on its future price. SIDETRADE 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, SIDETRADE autocorrelation shows the relationship between SIDETRADE stock current value and its past values and can show if there is a momentum factor associated with investing in SIDETRADE EO 1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SIDETRADE Stock
SIDETRADE financial ratios help investors to determine whether SIDETRADE Stock 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 SIDETRADE with respect to the benefits of owning SIDETRADE security.