Solvay Sa Adr Stock Market Value
| SLVYY Stock | USD 3.41 0.01 0.29% |
| Symbol | Solvay |
Solvay SA '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 Solvay SA's pink sheet 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 Solvay SA.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Solvay SA on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Solvay SA ADR or generate 0.0% return on investment in Solvay SA over 90 days. Solvay SA is related to or competes with Dow, Solvay SA, Sumitomo Chemical, Braskem SA, Shin-Etsu Chemical, Tronox Holdings, and Valhi. Solvay SA provides advanced materials and specialty chemicals worldwide More
Solvay SA 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 Solvay SA's pink sheet 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 Solvay SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.42 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 3.0 |
Solvay SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solvay SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solvay SA's standard deviation. In reality, there are many statistical measures that can use Solvay SA historical prices to predict the future Solvay SA's volatility.| Risk Adjusted Performance | 0.0101 | |||
| Jensen Alpha | 0.0554 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.0008) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solvay SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solvay SA ADR Backtested Returns
Solvay SA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0036, which indicates the firm had a -0.0036% return per unit of risk over the last 3 months. Solvay SA ADR exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solvay SA's Semi Deviation of 2.34, coefficient of variation of 21002.34, and Risk Adjusted Performance of 0.0101 to confirm the risk estimate we provide. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Solvay SA are expected to decrease at a much lower rate. During the bear market, Solvay SA is likely to outperform the market. At this point, Solvay SA ADR has a negative expected return of -0.0078%. Please make sure to validate Solvay SA's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Solvay SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Solvay SA ADR has excellent reverse predictability. Overlapping area represents the amount of predictability between Solvay SA time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Solvay SA ADR price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Solvay SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Solvay SA ADR lagged returns against current returns
Autocorrelation, which is Solvay SA pink sheet'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 Solvay SA's pink sheet expected returns. We can calculate the autocorrelation of Solvay SA returns to help us make a trade decision. For example, suppose you find that Solvay SA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Solvay SA 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 Solvay SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solvay SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solvay SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Solvay SA Lagged Returns
When evaluating Solvay SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solvay SA pink sheet have on its future price. Solvay SA 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, Solvay SA autocorrelation shows the relationship between Solvay SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Solvay SA ADR.
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 Solvay Pink Sheet Analysis
When running Solvay SA's price analysis, check to measure Solvay SA'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 Solvay SA is operating at the current time. Most of Solvay SA's value examination focuses on studying past and present price action to predict the probability of Solvay SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solvay SA's price. Additionally, you may evaluate how the addition of Solvay SA to your portfolios can decrease your overall portfolio volatility.