Shurgard Self (Belgium) Market Value
| SHUR Stock | 38.60 0.70 1.78% |
| Symbol | Shurgard |
Shurgard Self '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 Shurgard Self'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 Shurgard Self.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Shurgard Self on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Shurgard Self Storage or generate 0.0% return on investment in Shurgard Self over 720 days. Shurgard Self is related to or competes with Immobiliere Distri, Immobel, Exmar NV, Iep Invest, Unifiedpost Group, Montea CVA, and Biocartis Group. More
Shurgard Self 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 Shurgard Self'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 Shurgard Self Storage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.82 |
Shurgard Self Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shurgard Self's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shurgard Self's standard deviation. In reality, there are many statistical measures that can use Shurgard Self historical prices to predict the future Shurgard Self's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.84) |
Shurgard Self Storage Backtested Returns
Shurgard Self Storage owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0149, which indicates the firm had a -0.0149% return per unit of risk over the last 3 months. Shurgard Self Storage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shurgard Self's insignificant Risk Adjusted Performance, variance of 2.17, and Coefficient Of Variation of (8,920) to confirm the risk estimate we provide. The entity has a beta of 0.0315, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shurgard Self's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shurgard Self is expected to be smaller as well. At this point, Shurgard Self Storage has a negative expected return of -0.0219%. Please make sure to validate Shurgard Self's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Shurgard Self Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Shurgard Self Storage has weak reverse predictability. Overlapping area represents the amount of predictability between Shurgard Self time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Shurgard Self Storage price movement. The serial correlation of -0.25 indicates that over 25.0% of current Shurgard Self price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 4.48 |
Shurgard Self Storage lagged returns against current returns
Autocorrelation, which is Shurgard Self 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 Shurgard Self's stock expected returns. We can calculate the autocorrelation of Shurgard Self returns to help us make a trade decision. For example, suppose you find that Shurgard Self 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 |
Shurgard Self 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 Shurgard Self stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shurgard Self stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shurgard Self stock over time.
Current vs Lagged Prices |
| Timeline |
Shurgard Self Lagged Returns
When evaluating Shurgard Self's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shurgard Self stock have on its future price. Shurgard Self 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, Shurgard Self autocorrelation shows the relationship between Shurgard Self stock current value and its past values and can show if there is a momentum factor associated with investing in Shurgard Self Storage.
Regressed Prices |
| Timeline |
Pair Trading with Shurgard Self
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 Shurgard Self 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 Shurgard Self will appreciate offsetting losses from the drop in the long position's value.Moving against Shurgard Stock
The ability to find closely correlated positions to Shurgard Self could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shurgard Self 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 Shurgard Self - 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 Shurgard Self Storage to buy it.
The correlation of Shurgard Self 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 Shurgard Self moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shurgard Self Storage 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 Shurgard Self 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.Additional Tools for Shurgard Stock Analysis
When running Shurgard Self's price analysis, check to measure Shurgard Self'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 Shurgard Self is operating at the current time. Most of Shurgard Self's value examination focuses on studying past and present price action to predict the probability of Shurgard Self's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shurgard Self's price. Additionally, you may evaluate how the addition of Shurgard Self to your portfolios can decrease your overall portfolio volatility.