SERI INDUSTRIAL's market value is the price at which a share of SERI INDUSTRIAL trades on a public exchange. It measures the collective expectations of SERI INDUSTRIAL EO investors about its performance. SERI INDUSTRIAL is trading at 2.88 as of the 2nd of December 2024. This is a 1.37% down since the beginning of the trading day. The stock's lowest day price was 2.88. With this module, you can estimate the performance of a buy and hold strategy of SERI INDUSTRIAL EO and determine expected loss or profit from investing in SERI INDUSTRIAL over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
SERI
SERI INDUSTRIAL '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 SERI INDUSTRIAL'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 SERI INDUSTRIAL.
0.00
05/06/2024
No Change 0.00
0.0
In 6 months and 30 days
12/02/2024
0.00
If you would invest 0.00 in SERI INDUSTRIAL on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding SERI INDUSTRIAL EO or generate 0.0% return on investment in SERI INDUSTRIAL over 210 days.
SERI INDUSTRIAL 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 SERI INDUSTRIAL'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 SERI INDUSTRIAL EO upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SERI INDUSTRIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SERI INDUSTRIAL's standard deviation. In reality, there are many statistical measures that can use SERI INDUSTRIAL historical prices to predict the future SERI INDUSTRIAL's volatility.
SERI INDUSTRIAL EO owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0617, which indicates the firm had a -0.0617% return per unit of standard deviation over the last 3 months. SERI INDUSTRIAL EO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SERI INDUSTRIAL's variance of 19.37, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SERI INDUSTRIAL are expected to decrease at a much lower rate. During the bear market, SERI INDUSTRIAL is likely to outperform the market. At this point, SERI INDUSTRIAL EO has a negative expected return of -0.27%. Please make sure to validate SERI INDUSTRIAL's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if SERI INDUSTRIAL EO performance from the past will be repeated at future time.
Auto-correlation
0.37
Below average predictability
SERI INDUSTRIAL EO has below average predictability. Overlapping area represents the amount of predictability between SERI INDUSTRIAL time series from 6th of May 2024 to 19th of August 2024 and 19th 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 SERI INDUSTRIAL EO price movement. The serial correlation of 0.37 indicates that just about 37.0% of current SERI INDUSTRIAL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
0.4
Residual Average
0.0
Price Variance
0.15
SERI INDUSTRIAL EO lagged returns against current returns
Autocorrelation, which is SERI INDUSTRIAL 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 SERI INDUSTRIAL's stock expected returns. We can calculate the autocorrelation of SERI INDUSTRIAL returns to help us make a trade decision. For example, suppose you find that SERI INDUSTRIAL 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
SERI INDUSTRIAL 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 SERI INDUSTRIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SERI INDUSTRIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SERI INDUSTRIAL stock over time.
Current vs Lagged Prices
Timeline
SERI INDUSTRIAL Lagged Returns
When evaluating SERI INDUSTRIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SERI INDUSTRIAL stock have on its future price. SERI INDUSTRIAL 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, SERI INDUSTRIAL autocorrelation shows the relationship between SERI INDUSTRIAL stock current value and its past values and can show if there is a momentum factor associated with investing in SERI INDUSTRIAL EO.