SIKA AG (Germany) Market Value
| SIKB Stock | EUR 22.80 1.40 5.79% |
| Symbol | SIKA |
SIKA AG '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 SIKA AG'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 SIKA AG.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in SIKA AG on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SIKA AG UNSPADR or generate 0.0% return on investment in SIKA AG over 60 days. SIKA AG is related to or competes with Linde Plc, Linde PLC, Air Liquide, Sherwin Williams, Ecolab, Dupont De, and LyondellBasell Industries. Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping... More
SIKA AG 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 SIKA AG'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 SIKA AG UNSPADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.5 |
SIKA AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIKA AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIKA AG's standard deviation. In reality, there are many statistical measures that can use SIKA AG historical prices to predict the future SIKA AG's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (5.81) |
SIKA AG UNSPADR Backtested Returns
SIKA AG UNSPADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of volatility over the last 3 months. SIKA AG UNSPADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SIKA AG's risk adjusted performance of (0.15), and Variance of 2.85 to confirm the risk estimate we provide. The entity has a beta of 0.0583, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SIKA AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIKA AG is expected to be smaller as well. At this point, SIKA AG UNSPADR has a negative expected return of -0.34%. Please make sure to validate SIKA AG's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if SIKA AG UNSPADR performance from the past will be repeated at future time.
Auto-correlation | 0.39 |
Below average predictability
SIKA AG UNSPADR has below average predictability. Overlapping area represents the amount of predictability between SIKA AG 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 SIKA AG UNSPADR price movement. The serial correlation of 0.39 indicates that just about 39.0% of current SIKA AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
SIKA AG UNSPADR lagged returns against current returns
Autocorrelation, which is SIKA AG 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 SIKA AG's stock expected returns. We can calculate the autocorrelation of SIKA AG returns to help us make a trade decision. For example, suppose you find that SIKA AG 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 |
SIKA AG 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 SIKA AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIKA AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIKA AG stock over time.
Current vs Lagged Prices |
| Timeline |
SIKA AG Lagged Returns
When evaluating SIKA AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIKA AG stock have on its future price. SIKA AG 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, SIKA AG autocorrelation shows the relationship between SIKA AG stock current value and its past values and can show if there is a momentum factor associated with investing in SIKA AG UNSPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SIKA Stock
SIKA AG financial ratios help investors to determine whether SIKA 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 SIKA with respect to the benefits of owning SIKA AG security.