SCANSOURCE (Germany) Market Value
| SC3 Stock | 48.80 0.20 0.41% |
| Symbol | SCANSOURCE |
SCANSOURCE '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 SCANSOURCE'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 SCANSOURCE.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SCANSOURCE on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SCANSOURCE or generate 0.0% return on investment in SCANSOURCE over 30 days. SCANSOURCE is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
SCANSOURCE 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 SCANSOURCE'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 SCANSOURCE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0836 | |||
| Maximum Drawdown | 13.17 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 3.88 |
SCANSOURCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCANSOURCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCANSOURCE's standard deviation. In reality, there are many statistical measures that can use SCANSOURCE historical prices to predict the future SCANSOURCE's volatility.| Risk Adjusted Performance | 0.1056 | |||
| Jensen Alpha | 0.1873 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1062 | |||
| Treynor Ratio | 0.2879 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SCANSOURCE'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.
SCANSOURCE Backtested Returns
SCANSOURCE appears to be very steady, given 3 months investment horizon. SCANSOURCE retains Efficiency (Sharpe Ratio) of 0.13, which indicates the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SCANSOURCE, which you can use to evaluate the volatility of the entity. Please review SCANSOURCE's Standard Deviation of 2.35, market risk adjusted performance of 0.2979, and Semi Deviation of 1.61 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SCANSOURCE holds a performance score of 9. The firm owns a Beta (Systematic Risk) of 1.08, which indicates a somewhat significant risk relative to the market. SCANSOURCE returns are very sensitive to returns on the market. As the market goes up or down, SCANSOURCE is expected to follow. Please check SCANSOURCE's downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to make a quick decision on whether SCANSOURCE's current price history will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
SCANSOURCE has very weak reverse predictability. Overlapping area represents the amount of predictability between SCANSOURCE time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 SCANSOURCE price movement. The serial correlation of -0.03 indicates that only 3.0% of current SCANSOURCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
SCANSOURCE lagged returns against current returns
Autocorrelation, which is SCANSOURCE 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 SCANSOURCE's stock expected returns. We can calculate the autocorrelation of SCANSOURCE returns to help us make a trade decision. For example, suppose you find that SCANSOURCE 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 |
SCANSOURCE 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 SCANSOURCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCANSOURCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCANSOURCE stock over time.
Current vs Lagged Prices |
| Timeline |
SCANSOURCE Lagged Returns
When evaluating SCANSOURCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCANSOURCE stock have on its future price. SCANSOURCE 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, SCANSOURCE autocorrelation shows the relationship between SCANSOURCE stock current value and its past values and can show if there is a momentum factor associated with investing in SCANSOURCE.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SCANSOURCE Stock Analysis
When running SCANSOURCE's price analysis, check to measure SCANSOURCE'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 SCANSOURCE is operating at the current time. Most of SCANSOURCE's value examination focuses on studying past and present price action to predict the probability of SCANSOURCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SCANSOURCE's price. Additionally, you may evaluate how the addition of SCANSOURCE to your portfolios can decrease your overall portfolio volatility.