STRAITS TRADG (Germany) Market Value
| W2F Stock | EUR 1.00 0.02 2.04% |
| Symbol | STRAITS |
STRAITS TRADG '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 STRAITS TRADG'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 STRAITS TRADG.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in STRAITS TRADG on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding STRAITS TRADG SD or generate 0.0% return on investment in STRAITS TRADG over 360 days. STRAITS TRADG is related to or competes with Mineral Resources, Liontown Resources, and American Lithium. The Straits Trading Company Limited, an investment company, has stakes in real estate, hospitality, and resources busine... More
STRAITS TRADG 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 STRAITS TRADG'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 STRAITS TRADG SD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.021 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.08 |
STRAITS TRADG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STRAITS TRADG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STRAITS TRADG's standard deviation. In reality, there are many statistical measures that can use STRAITS TRADG historical prices to predict the future STRAITS TRADG's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.1766 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.45) |
STRAITS TRADG SD Backtested Returns
At this point, STRAITS TRADG is risky. STRAITS TRADG SD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0853, which indicates the firm had a 0.0853% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for STRAITS TRADG SD, which you can use to evaluate the volatility of the company. Please validate STRAITS TRADG's risk adjusted performance of 0.0949, and Coefficient Of Variation of 840.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. STRAITS TRADG has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning STRAITS TRADG are expected to decrease at a much lower rate. During the bear market, STRAITS TRADG is likely to outperform the market. STRAITS TRADG SD presently has a risk of 1.2%. Please validate STRAITS TRADG treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if STRAITS TRADG will be following its existing price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
STRAITS TRADG SD has good reverse predictability. Overlapping area represents the amount of predictability between STRAITS TRADG time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 STRAITS TRADG SD price movement. The serial correlation of -0.55 indicates that about 55.0% of current STRAITS TRADG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
STRAITS TRADG SD lagged returns against current returns
Autocorrelation, which is STRAITS TRADG 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 STRAITS TRADG's stock expected returns. We can calculate the autocorrelation of STRAITS TRADG returns to help us make a trade decision. For example, suppose you find that STRAITS TRADG 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 |
STRAITS TRADG 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 STRAITS TRADG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STRAITS TRADG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STRAITS TRADG stock over time.
Current vs Lagged Prices |
| Timeline |
STRAITS TRADG Lagged Returns
When evaluating STRAITS TRADG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STRAITS TRADG stock have on its future price. STRAITS TRADG 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, STRAITS TRADG autocorrelation shows the relationship between STRAITS TRADG stock current value and its past values and can show if there is a momentum factor associated with investing in STRAITS TRADG SD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STRAITS Stock
STRAITS TRADG financial ratios help investors to determine whether STRAITS 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 STRAITS with respect to the benefits of owning STRAITS TRADG security.