Siriuspoint Preferred Stock Market Value
| SPNT-PB Preferred Stock | 25.42 0.07 0.28% |
| Symbol | SiriusPoint |
SiriusPoint '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 SiriusPoint's preferred 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 SiriusPoint.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in SiriusPoint on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding SiriusPoint or generate 0.0% return on investment in SiriusPoint over 180 days. SiriusPoint is related to or competes with RLJ Lodging, Argo Group, New York, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. More
SiriusPoint 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 SiriusPoint's preferred 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 SiriusPoint upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.287 | |||
| Information Ratio | 0.017 | |||
| Maximum Drawdown | 2.0 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5206 |
SiriusPoint Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SiriusPoint's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SiriusPoint's standard deviation. In reality, there are many statistical measures that can use SiriusPoint historical prices to predict the future SiriusPoint's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | 0.0185 | |||
| Sortino Ratio | 0.0202 | |||
| Treynor Ratio | 0.5252 |
SiriusPoint Backtested Returns
At this point, SiriusPoint is very steady. SiriusPoint owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SiriusPoint, which you can use to evaluate the volatility of the company. Please validate SiriusPoint's Semi Deviation of 0.189, coefficient of variation of 900.24, and Risk Adjusted Performance of 0.0752 to confirm if the risk estimate we provide is consistent with the expected return of 0.0461%. SiriusPoint has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.0533, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SiriusPoint's returns are expected to increase less than the market. However, during the bear market, the loss of holding SiriusPoint is expected to be smaller as well. SiriusPoint right now has a risk of 0.34%. Please validate SiriusPoint maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if SiriusPoint will be following its existing price patterns.
Auto-correlation | 0.86 |
Very good predictability
SiriusPoint has very good predictability. Overlapping area represents the amount of predictability between SiriusPoint time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 SiriusPoint price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current SiriusPoint price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
SiriusPoint lagged returns against current returns
Autocorrelation, which is SiriusPoint preferred 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 SiriusPoint's preferred stock expected returns. We can calculate the autocorrelation of SiriusPoint returns to help us make a trade decision. For example, suppose you find that SiriusPoint has exhibited high autocorrelation historically, and you observe that the preferred 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 |
SiriusPoint 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 SiriusPoint preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SiriusPoint preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SiriusPoint preferred stock over time.
Current vs Lagged Prices |
| Timeline |
SiriusPoint Lagged Returns
When evaluating SiriusPoint's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SiriusPoint preferred stock have on its future price. SiriusPoint 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, SiriusPoint autocorrelation shows the relationship between SiriusPoint preferred stock current value and its past values and can show if there is a momentum factor associated with investing in SiriusPoint.
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.Other Information on Investing in SiriusPoint Preferred Stock
SiriusPoint financial ratios help investors to determine whether SiriusPoint Preferred 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 SiriusPoint with respect to the benefits of owning SiriusPoint security.