Solvac SA (Belgium) Market Value
| SOLV Stock | EUR 104.00 1.00 0.97% |
| Symbol | Solvac |
Solvac SA '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 Solvac SA'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 Solvac SA.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Solvac SA on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Solvac SA or generate 0.0% return on investment in Solvac SA over 30 days. Solvac SA is related to or competes with Tubize Fin, Brederode, GIMV NV, Tessenderlo, and Groep Brussel. Solvac S.A., through its participation interest in Solvay SA, operates as an advanced materials and specialty chemicals ... More
Solvac SA 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 Solvac SA'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 Solvac SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.56 |
Solvac SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solvac SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solvac SA's standard deviation. In reality, there are many statistical measures that can use Solvac SA historical prices to predict the future Solvac SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.917 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solvac SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solvac SA Backtested Returns
Solvac SA 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. Solvac SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solvac SA's Variance of 2.14, coefficient of variation of (873.06), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solvac SA are expected to decrease at a much lower rate. During the bear market, Solvac SA is likely to outperform the market. Solvac SA has an expected return of -0.18%. Please make sure to validate Solvac SA value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Solvac SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Solvac SA has average predictability. Overlapping area represents the amount of predictability between Solvac SA time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 Solvac SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Solvac SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Solvac SA lagged returns against current returns
Autocorrelation, which is Solvac SA 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 Solvac SA's stock expected returns. We can calculate the autocorrelation of Solvac SA returns to help us make a trade decision. For example, suppose you find that Solvac SA 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 |
Solvac SA 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 Solvac SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solvac SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solvac SA stock over time.
Current vs Lagged Prices |
| Timeline |
Solvac SA Lagged Returns
When evaluating Solvac SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solvac SA stock have on its future price. Solvac SA 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, Solvac SA autocorrelation shows the relationship between Solvac SA stock current value and its past values and can show if there is a momentum factor associated with investing in Solvac SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Solvac SA Correlation, Solvac SA Volatility and Solvac SA Alpha and Beta module to complement your research on Solvac SA. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Solvac Stock analysis
When running Solvac SA's price analysis, check to measure Solvac SA'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 Solvac SA is operating at the current time. Most of Solvac SA's value examination focuses on studying past and present price action to predict the probability of Solvac SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solvac SA's price. Additionally, you may evaluate how the addition of Solvac SA to your portfolios can decrease your overall portfolio volatility.
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Solvac SA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.