SSE PLC (Germany) Market Value
| SCTA Stock | EUR 18.60 0.50 2.62% |
| Symbol | SSE |
SSE PLC '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 SSE PLC'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 SSE PLC.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in SSE PLC on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding SSE PLC ADR or generate 0.0% return on investment in SSE PLC over 30 days. SSE PLC is related to or competes with CIA ENGER, EVN AG, and TELECOM PLUS. SSE plc engages in the generation, transmission, distribution, and supply of electricity More
SSE PLC 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 SSE PLC'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 SSE PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.65 |
SSE PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSE PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSE PLC's standard deviation. In reality, there are many statistical measures that can use SSE PLC historical prices to predict the future SSE PLC's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (78.72) |
SSE PLC ADR Backtested Returns
SSE PLC ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of volatility over the last 3 months. SSE PLC ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SSE PLC's variance of 2.23, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of 0.0039, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SSE PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SSE PLC is expected to be smaller as well. At this point, SSE PLC ADR has a negative expected return of -0.28%. Please make sure to validate SSE PLC's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if SSE PLC ADR performance from the past will be repeated at future time.
Auto-correlation | -0.04 |
Very weak reverse predictability
SSE PLC ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between SSE PLC time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 SSE PLC ADR price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current SSE PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
SSE PLC ADR lagged returns against current returns
Autocorrelation, which is SSE PLC 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 SSE PLC's stock expected returns. We can calculate the autocorrelation of SSE PLC returns to help us make a trade decision. For example, suppose you find that SSE PLC 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 |
SSE PLC 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 SSE PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSE PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSE PLC stock over time.
Current vs Lagged Prices |
| Timeline |
SSE PLC Lagged Returns
When evaluating SSE PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSE PLC stock have on its future price. SSE PLC 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, SSE PLC autocorrelation shows the relationship between SSE PLC stock current value and its past values and can show if there is a momentum factor associated with investing in SSE PLC ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SSE Stock
SSE PLC financial ratios help investors to determine whether SSE 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 SSE with respect to the benefits of owning SSE PLC security.