Sidi Kerir's market value is the price at which a share of Sidi Kerir trades on a public exchange. It measures the collective expectations of Sidi Kerir Petrochemicals investors about its performance. Sidi Kerir is trading at 20.30 as of the 14th of December 2024. This is a 1.22 percent decrease since the beginning of the trading day. The stock's lowest day price was 20.25. With this module, you can estimate the performance of a buy and hold strategy of Sidi Kerir Petrochemicals and determine expected loss or profit from investing in Sidi Kerir 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
Sidi
Sidi Kerir '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 Sidi Kerir'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 Sidi Kerir.
0.00
11/14/2024
No Change 0.00
0.0
In 31 days
12/14/2024
0.00
If you would invest 0.00 in Sidi Kerir on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sidi Kerir Petrochemicals or generate 0.0% return on investment in Sidi Kerir over 30 days.
Sidi Kerir 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 Sidi Kerir'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 Sidi Kerir Petrochemicals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sidi Kerir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sidi Kerir's standard deviation. In reality, there are many statistical measures that can use Sidi Kerir historical prices to predict the future Sidi Kerir's volatility.
Sidi Kerir Petrochemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Sidi Kerir Petrochemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sidi Kerir's Risk Adjusted Performance of (0.13), coefficient of variation of (536.04), and Variance of 6.54 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sidi Kerir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sidi Kerir is expected to be smaller as well. At this point, Sidi Kerir Petrochemicals has a negative expected return of -0.47%. Please make sure to validate Sidi Kerir's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sidi Kerir Petrochemicals performance from the past will be repeated at some point in the near future.
Auto-correlation
0.76
Good predictability
Sidi Kerir Petrochemicals has good predictability. Overlapping area represents the amount of predictability between Sidi Kerir time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Sidi Kerir Petrochemicals price movement. The serial correlation of 0.76 indicates that around 76.0% of current Sidi Kerir price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
0.8
Residual Average
0.0
Price Variance
0.02
Sidi Kerir Petrochemicals lagged returns against current returns
Autocorrelation, which is Sidi Kerir 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 Sidi Kerir's stock expected returns. We can calculate the autocorrelation of Sidi Kerir returns to help us make a trade decision. For example, suppose you find that Sidi Kerir 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
Sidi Kerir 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 Sidi Kerir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sidi Kerir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sidi Kerir stock over time.
Current vs Lagged Prices
Timeline
Sidi Kerir Lagged Returns
When evaluating Sidi Kerir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sidi Kerir stock have on its future price. Sidi Kerir 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, Sidi Kerir autocorrelation shows the relationship between Sidi Kerir stock current value and its past values and can show if there is a momentum factor associated with investing in Sidi Kerir Petrochemicals.
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.