Sixt SE (Germany) Market Value
| SIX2 Stock | 76.85 0.10 0.13% |
| Symbol | Sixt |
Sixt SE '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 Sixt SE'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 Sixt SE.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Sixt SE on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sixt SE or generate 0.0% return on investment in Sixt SE over 240 days. Sixt SE is related to or competes with Ashtead Group, WillScot Mobile, Avis Budget, Sixt SE, ELEMENT FLEET, Sixt SE. More
Sixt SE 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 Sixt SE'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 Sixt SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1657 | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.19 |
Sixt SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixt SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sixt SE's standard deviation. In reality, there are many statistical measures that can use Sixt SE historical prices to predict the future Sixt SE's volatility.| Risk Adjusted Performance | 0.1502 | |||
| Jensen Alpha | 0.3517 | |||
| Total Risk Alpha | 0.2935 | |||
| Sortino Ratio | 0.1509 | |||
| Treynor Ratio | (2.60) |
Sixt SE Backtested Returns
Sixt SE appears to be very steady, given 3 months investment horizon. Sixt SE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sixt SE, which you can use to evaluate the volatility of the company. Please review Sixt SE's Semi Deviation of 1.74, coefficient of variation of 549.21, and Risk Adjusted Performance of 0.1502 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sixt SE holds a performance score of 12. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sixt SE are expected to decrease at a much lower rate. During the bear market, Sixt SE is likely to outperform the market. Please check Sixt SE's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether Sixt SE's existing price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Sixt SE has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sixt SE time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Sixt SE price movement. The serial correlation of -0.75 indicates that around 75.0% of current Sixt SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 25.29 |
Sixt SE lagged returns against current returns
Autocorrelation, which is Sixt SE 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 Sixt SE's stock expected returns. We can calculate the autocorrelation of Sixt SE returns to help us make a trade decision. For example, suppose you find that Sixt SE 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 |
Sixt SE 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 Sixt SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sixt SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sixt SE stock over time.
Current vs Lagged Prices |
| Timeline |
Sixt SE Lagged Returns
When evaluating Sixt SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sixt SE stock have on its future price. Sixt SE 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, Sixt SE autocorrelation shows the relationship between Sixt SE stock current value and its past values and can show if there is a momentum factor associated with investing in Sixt SE.
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.Other Information on Investing in Sixt Stock
Sixt SE financial ratios help investors to determine whether Sixt 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 Sixt with respect to the benefits of owning Sixt SE security.