SGS SA (Switzerland) Market Value
| SGSN Stock | CHF 87.48 0.24 0.28% |
| Symbol | SGS |
SGS SA '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 SGS SA'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 SGS SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in SGS SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding SGS SA or generate 0.0% return on investment in SGS SA over 360 days. SGS SA is related to or competes with Givaudan, Geberit AG, Swisscom, Swiss Life, and Sika AG. SGS SA provides inspection, verification, testing, certification, and quality assurance services in Europe, Africa, the ... More
SGS SA 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 SGS SA'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 SGS SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 1.44 |
SGS SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGS SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGS SA's standard deviation. In reality, there are many statistical measures that can use SGS SA historical prices to predict the future SGS SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.6077 |
SGS SA Backtested Returns
SGS SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0888, which indicates the firm had a -0.0888% return per unit of standard deviation over the last 3 months. SGS SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SGS SA's risk adjusted performance of (0.07), and Variance of 1.37 to confirm the risk estimate we provide. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SGS SA are expected to decrease at a much lower rate. During the bear market, SGS SA is likely to outperform the market. At this point, SGS SA has a negative expected return of -0.1%. Please make sure to validate SGS SA's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if SGS SA performance from the past will be repeated at future time.
Auto-correlation | 0.86 |
Very good predictability
SGS SA has very good predictability. Overlapping area represents the amount of predictability between SGS SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 SGS SA price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current SGS SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 34.07 |
SGS SA lagged returns against current returns
Autocorrelation, which is SGS SA 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 SGS SA's stock expected returns. We can calculate the autocorrelation of SGS SA returns to help us make a trade decision. For example, suppose you find that SGS SA 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 |
SGS SA 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 SGS SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGS SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGS SA stock over time.
Current vs Lagged Prices |
| Timeline |
SGS SA Lagged Returns
When evaluating SGS SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGS SA stock have on its future price. SGS SA 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, SGS SA autocorrelation shows the relationship between SGS SA stock current value and its past values and can show if there is a momentum factor associated with investing in SGS SA.
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.Additional Tools for SGS Stock Analysis
When running SGS SA's price analysis, check to measure SGS SA'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 SGS SA is operating at the current time. Most of SGS SA's value examination focuses on studying past and present price action to predict the probability of SGS SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SGS SA's price. Additionally, you may evaluate how the addition of SGS SA to your portfolios can decrease your overall portfolio volatility.