Shyft (Germany) Market Value
| SP8 Stock | EUR 11.30 0.50 4.63% |
| Symbol | Shyft |
Shyft '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 Shyft'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 Shyft.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Shyft on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding The Shyft Group or generate 0.0% return on investment in Shyft over 180 days. Shyft is related to or competes with CECO ENVIRONMENTAL, AIR PRODCHEMICALS, BURLINGTON STORES, NIPPON STEEL, QURATE RETAIL, and Siamgas. Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty v... More
Shyft 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 Shyft'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 The Shyft Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 25.84 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 4.8 |
Shyft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shyft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shyft's standard deviation. In reality, there are many statistical measures that can use Shyft historical prices to predict the future Shyft's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | 0.0599 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.1626 |
Shyft Group Backtested Returns
At this point, Shyft is somewhat reliable. Shyft Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.027, which indicates the firm had a 0.027% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for The Shyft Group, which you can use to evaluate the volatility of the company. Please validate Shyft's Semi Deviation of 3.01, risk adjusted performance of 0.0256, and Coefficient Of Variation of 4457.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0974%. Shyft has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shyft's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shyft is expected to be smaller as well. Shyft Group right now has a risk of 3.61%. Please validate Shyft downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Shyft will be following its existing price patterns.
Auto-correlation | 0.47 |
Average predictability
The Shyft Group has average predictability. Overlapping area represents the amount of predictability between Shyft time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Shyft Group price movement. The serial correlation of 0.47 indicates that about 47.0% of current Shyft price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Shyft Group lagged returns against current returns
Autocorrelation, which is Shyft 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 Shyft's stock expected returns. We can calculate the autocorrelation of Shyft returns to help us make a trade decision. For example, suppose you find that Shyft 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 |
Shyft 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 Shyft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shyft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shyft stock over time.
Current vs Lagged Prices |
| Timeline |
Shyft Lagged Returns
When evaluating Shyft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shyft stock have on its future price. Shyft 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, Shyft autocorrelation shows the relationship between Shyft stock current value and its past values and can show if there is a momentum factor associated with investing in The Shyft Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shyft Stock
Shyft financial ratios help investors to determine whether Shyft 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 Shyft with respect to the benefits of owning Shyft security.