Synthomer Plc (UK) Market Value
| SYNT Stock | 169.40 0.60 0.36% |
| Symbol | Synthomer |
Synthomer Plc '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 Synthomer Plc'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 Synthomer Plc.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Synthomer Plc on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Synthomer plc or generate 0.0% return on investment in Synthomer Plc over 30 days. Synthomer Plc is related to or competes with Givaudan, Antofagasta PLC, Ferrexpo PLC, Atalaya Mining, Central Asia, Amaroq Minerals, and Anglo Asian. Synthomer Plc is entity of United Kingdom More
Synthomer Plc 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 Synthomer Plc'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 Synthomer plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 4.17 |
Synthomer Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synthomer Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synthomer Plc's standard deviation. In reality, there are many statistical measures that can use Synthomer Plc historical prices to predict the future Synthomer Plc's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.87) |
Synthomer plc Backtested Returns
Synthomer plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Synthomer plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synthomer Plc's Risk Adjusted Performance of (0.09), coefficient of variation of (764.61), and Variance of 6.74 to confirm the risk estimate we provide. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Synthomer Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Synthomer Plc is expected to be smaller as well. At this point, Synthomer plc has a negative expected return of -0.31%. Please make sure to validate Synthomer Plc's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Synthomer plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Synthomer plc has weak reverse predictability. Overlapping area represents the amount of predictability between Synthomer Plc time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Synthomer plc price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Synthomer Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 9.34 |
Synthomer plc lagged returns against current returns
Autocorrelation, which is Synthomer Plc 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 Synthomer Plc's stock expected returns. We can calculate the autocorrelation of Synthomer Plc returns to help us make a trade decision. For example, suppose you find that Synthomer Plc 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 |
Synthomer Plc 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 Synthomer Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synthomer Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synthomer Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Synthomer Plc Lagged Returns
When evaluating Synthomer Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synthomer Plc stock have on its future price. Synthomer Plc 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, Synthomer Plc autocorrelation shows the relationship between Synthomer Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Synthomer plc.
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 Synthomer Stock Analysis
When running Synthomer Plc's price analysis, check to measure Synthomer Plc'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 Synthomer Plc is operating at the current time. Most of Synthomer Plc's value examination focuses on studying past and present price action to predict the probability of Synthomer Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synthomer Plc's price. Additionally, you may evaluate how the addition of Synthomer Plc to your portfolios can decrease your overall portfolio volatility.