Salon City Stock Market Value
| SALN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Salon |
Is Publishing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Salon City. If investors know Salon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Salon City listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.024 | Quarterly Revenue Growth (0.97) | Return On Assets (1.21) |
The market value of Salon City is measured differently than its book value, which is the value of Salon that is recorded on the company's balance sheet. Investors also form their own opinion of Salon City's value that differs from its market value or its book value, called intrinsic value, which is Salon City's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Salon City's market value can be influenced by many factors that don't directly affect Salon City's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Salon City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Salon City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salon City'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.
Salon City '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 Salon City'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 Salon City.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Salon City on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Salon City or generate 0.0% return on investment in Salon City over 60 days. Salon City is related to or competes with Willamette Valley, National Beverage, SL Green, PepsiCo, and Brandywine Realty. Salon City, Inc. publishes and distributes Salon Citymagazine in the United States and internationally More
Salon City 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 Salon City'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 Salon City upside and downside potential and time the market with a certain degree of confidence.
Salon City Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salon City's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salon City's standard deviation. In reality, there are many statistical measures that can use Salon City historical prices to predict the future Salon City's volatility.Salon City Backtested Returns
We have found three technical indicators for Salon City, 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 Salon City are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Salon City has perfect predictability. Overlapping area represents the amount of predictability between Salon City time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Salon City price movement. The serial correlation of 1.0 indicates that 100.0% of current Salon City 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 |
Salon City lagged returns against current returns
Autocorrelation, which is Salon City 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 Salon City's stock expected returns. We can calculate the autocorrelation of Salon City returns to help us make a trade decision. For example, suppose you find that Salon City 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 |
Salon City 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 Salon City stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salon City stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salon City stock over time.
Current vs Lagged Prices |
| Timeline |
Salon City Lagged Returns
When evaluating Salon City's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salon City stock have on its future price. Salon City 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, Salon City autocorrelation shows the relationship between Salon City stock current value and its past values and can show if there is a momentum factor associated with investing in Salon City.
Regressed Prices |
| Timeline |
Pair Trading with Salon City
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Salon City position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Salon City will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Salon City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salon City when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Salon City - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Salon City to buy it.
The correlation of Salon City is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salon City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salon City moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Salon City can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Salon City Correlation, Salon City Volatility and Salon City Alpha and Beta module to complement your research on Salon City. To learn how to invest in Salon Stock, please use our How to Invest in Salon City guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Salon City technical stock 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, stock market cycles, or different charting patterns.