SKAN Group (Switzerland) Market Value
SKAN Group's market value is the price at which a share of SKAN Group trades on a public exchange. It measures the collective expectations of SKAN Group AG investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of SKAN Group AG and determine expected loss or profit from investing in SKAN Group over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
| Symbol | SKAN |
SKAN Group '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 SKAN Group'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 SKAN Group.
| 06/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in SKAN Group on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding SKAN Group AG or generate 0.0% return on investment in SKAN Group over 540 days. SKAN Group is related to or competes with Bachem Holding, PolyPeptide Group, VAT Group, Belimo Holding, and Softwareone Holding. More
SKAN Group 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 SKAN Group'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 SKAN Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.52 |
SKAN Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKAN Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKAN Group's standard deviation. In reality, there are many statistical measures that can use SKAN Group historical prices to predict the future SKAN Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.62) |
SKAN Group AG Backtested Returns
SKAN Group AG retains Efficiency (Sharpe Ratio) of -0.0958, which indicates the firm had a -0.0958% return per unit of risk over the last 3 months. SKAN Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SKAN Group's standard deviation of 1.58, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SKAN Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding SKAN Group is expected to be smaller as well. At this point, SKAN Group AG has a negative expected return of -0.15%. Please make sure to validate SKAN Group's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if SKAN Group AG performance from the past will be repeated in the future.
Auto-correlation | -0.02 |
Very weak reverse predictability
SKAN Group AG has very weak reverse predictability. Overlapping area represents the amount of predictability between SKAN Group time series from 20th of June 2023 to 16th of March 2024 and 16th of March 2024 to 11th 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 SKAN Group AG price movement. The serial correlation of -0.02 indicates that only 2.0% of current SKAN Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 7.29 |
SKAN Group AG lagged returns against current returns
Autocorrelation, which is SKAN Group 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 SKAN Group's stock expected returns. We can calculate the autocorrelation of SKAN Group returns to help us make a trade decision. For example, suppose you find that SKAN Group 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 |
SKAN Group 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 SKAN Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKAN Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKAN Group stock over time.
Current vs Lagged Prices |
| Timeline |
SKAN Group Lagged Returns
When evaluating SKAN Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKAN Group stock have on its future price. SKAN Group 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, SKAN Group autocorrelation shows the relationship between SKAN Group stock current value and its past values and can show if there is a momentum factor associated with investing in SKAN Group AG.
Regressed Prices |
| Timeline |
Also Currently Popular
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 SKAN Stock Analysis
When running SKAN Group's price analysis, check to measure SKAN Group'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 SKAN Group is operating at the current time. Most of SKAN Group's value examination focuses on studying past and present price action to predict the probability of SKAN Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKAN Group's price. Additionally, you may evaluate how the addition of SKAN Group to your portfolios can decrease your overall portfolio volatility.