SOLOCAL GROUP (Germany) Market Value
| QS3 Stock | 2.41 0.02 0.82% |
| Symbol | SOLOCAL |
Please note, there is a significant difference between SOLOCAL GROUP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SOLOCAL GROUP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SOLOCAL GROUP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SOLOCAL GROUP '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 SOLOCAL GROUP'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 SOLOCAL GROUP.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in SOLOCAL GROUP on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding SOLOCAL GROUP or generate 0.0% return on investment in SOLOCAL GROUP over 30 days. SOLOCAL GROUP is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
SOLOCAL GROUP 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 SOLOCAL GROUP'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 SOLOCAL GROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.86 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 310.88 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
SOLOCAL GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOLOCAL GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOLOCAL GROUP's standard deviation. In reality, there are many statistical measures that can use SOLOCAL GROUP historical prices to predict the future SOLOCAL GROUP's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 5.36 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.4406 | |||
| Treynor Ratio | (0.43) |
SOLOCAL GROUP Backtested Returns
SOLOCAL GROUP is out of control given 3 months investment horizon. SOLOCAL GROUP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of volatility over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 4.56% are justified by taking the suggested risk. Use SOLOCAL GROUP coefficient of variation of 850.5, and Risk Adjusted Performance of 0.0951 to evaluate company specific risk that cannot be diversified away. SOLOCAL GROUP holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -10.24, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning SOLOCAL GROUP are expected to decrease by larger amounts. On the other hand, during market turmoil, SOLOCAL GROUP is expected to outperform it. Use SOLOCAL GROUP sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on SOLOCAL GROUP.
Auto-correlation | 0.13 |
Insignificant predictability
SOLOCAL GROUP has insignificant predictability. Overlapping area represents the amount of predictability between SOLOCAL GROUP time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 SOLOCAL GROUP price movement. The serial correlation of 0.13 indicates that less than 13.0% of current SOLOCAL GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SOLOCAL GROUP lagged returns against current returns
Autocorrelation, which is SOLOCAL GROUP 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 SOLOCAL GROUP's stock expected returns. We can calculate the autocorrelation of SOLOCAL GROUP returns to help us make a trade decision. For example, suppose you find that SOLOCAL GROUP 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 |
SOLOCAL GROUP 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 SOLOCAL GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOLOCAL GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOLOCAL GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
SOLOCAL GROUP Lagged Returns
When evaluating SOLOCAL GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOLOCAL GROUP stock have on its future price. SOLOCAL GROUP 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, SOLOCAL GROUP autocorrelation shows the relationship between SOLOCAL GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in SOLOCAL GROUP.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SOLOCAL Stock
SOLOCAL GROUP financial ratios help investors to determine whether SOLOCAL 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 SOLOCAL with respect to the benefits of owning SOLOCAL GROUP security.