Solid State (UK) Market Value
| SOLI Stock | 130.00 10.00 8.33% |
| Symbol | Solid |
Solid State '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 Solid State'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 Solid State.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Solid State on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Solid State Plc or generate 0.0% return on investment in Solid State over 30 days. Solid State is related to or competes with Alliance Data, Pets At, Melia Hotels, American Homes, Bet At, Datagroup, and Ecclesiastical Insurance. Solid State is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Solid State 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 Solid State'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 Solid State Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 47.0 | |||
| Value At Risk | (7.19) | |||
| Potential Upside | 4.55 |
Solid State Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solid State's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solid State's standard deviation. In reality, there are many statistical measures that can use Solid State historical prices to predict the future Solid State's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | 2.02 |
Solid State Plc Backtested Returns
Solid State Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Solid State Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solid State's Variance of 32.41, risk adjusted performance of (0.09), and Coefficient Of Variation of (729.78) to confirm the risk estimate we provide. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Solid State are expected to decrease at a much lower rate. During the bear market, Solid State is likely to outperform the market. At this point, Solid State Plc has a negative expected return of -0.8%. Please make sure to validate Solid State's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Solid State Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Solid State Plc has modest predictability. Overlapping area represents the amount of predictability between Solid State time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Solid State Plc price movement. The serial correlation of 0.5 indicates that about 50.0% of current Solid State price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 14.56 |
Solid State Plc lagged returns against current returns
Autocorrelation, which is Solid State 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 Solid State's stock expected returns. We can calculate the autocorrelation of Solid State returns to help us make a trade decision. For example, suppose you find that Solid State 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 |
Solid State 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 Solid State stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solid State stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solid State stock over time.
Current vs Lagged Prices |
| Timeline |
Solid State Lagged Returns
When evaluating Solid State's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solid State stock have on its future price. Solid State 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, Solid State autocorrelation shows the relationship between Solid State stock current value and its past values and can show if there is a momentum factor associated with investing in Solid State Plc.
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.Additional Tools for Solid Stock Analysis
When running Solid State's price analysis, check to measure Solid State'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 Solid State is operating at the current time. Most of Solid State's value examination focuses on studying past and present price action to predict the probability of Solid State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid State's price. Additionally, you may evaluate how the addition of Solid State to your portfolios can decrease your overall portfolio volatility.