Super Retail (Australia) Market Value
| SUL Stock | 14.73 0.08 0.54% |
| Symbol | Super |
Super Retail '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 Super Retail'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 Super Retail.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Super Retail on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Super Retail Group or generate 0.0% return on investment in Super Retail over 90 days. Super Retail is related to or competes with Westpac Banking, Champion Iron, IShares Global, Peel Mining, Perpetual Credit, Talisman Mining, and Tombador Iron. Super Retail is entity of Australia. It is traded as Stock on AU exchange. More
Super Retail 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 Super Retail'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 Super Retail Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.3 |
Super Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Super Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Super Retail's standard deviation. In reality, there are many statistical measures that can use Super Retail historical prices to predict the future Super Retail's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.31) |
Super Retail Group Backtested Returns
Super Retail Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Super Retail Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Super Retail's Variance of 3.01, risk adjusted performance of (0.10), and Coefficient Of Variation of (705.69) to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Super Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Super Retail is expected to be smaller as well. At this point, Super Retail Group has a negative expected return of -0.27%. Please make sure to validate Super Retail's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Super Retail Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Super Retail Group has weak reverse predictability. Overlapping area represents the amount of predictability between Super Retail time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Super Retail Group price movement. The serial correlation of -0.22 indicates that over 22.0% of current Super Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Super Retail Group lagged returns against current returns
Autocorrelation, which is Super Retail 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 Super Retail's stock expected returns. We can calculate the autocorrelation of Super Retail returns to help us make a trade decision. For example, suppose you find that Super Retail 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 |
Super Retail 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 Super Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Super Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Super Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Super Retail Lagged Returns
When evaluating Super Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Super Retail stock have on its future price. Super Retail 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, Super Retail autocorrelation shows the relationship between Super Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Super Retail Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Super Stock Analysis
When running Super Retail's price analysis, check to measure Super Retail'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 Super Retail is operating at the current time. Most of Super Retail's value examination focuses on studying past and present price action to predict the probability of Super Retail's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Super Retail's price. Additionally, you may evaluate how the addition of Super Retail to your portfolios can decrease your overall portfolio volatility.