Superior Plus (Germany) Market Value
| 8SP Stock | EUR 6.20 0.05 0.81% |
| Symbol | Superior |
Superior Plus '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 Superior Plus' 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 Superior Plus.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Superior Plus on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Superior Plus Corp or generate 0.0% return on investment in Superior Plus over 30 days. Superior Plus is related to or competes with NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and 2G ENERGY. Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, ... More
Superior Plus 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 Superior Plus' 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 Superior Plus Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.16 |
Superior Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Superior Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Superior Plus' standard deviation. In reality, there are many statistical measures that can use Superior Plus historical prices to predict the future Superior Plus' volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | 0.0012 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0791 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Superior Plus' 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.
Superior Plus Corp Backtested Returns
We consider Superior Plus out of control. Superior Plus Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0352, which indicates the firm had a 0.0352% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Superior Plus Corp, which you can use to evaluate the volatility of the company. Please validate Superior Plus' Semi Deviation of 1.12, risk adjusted performance of 0.0137, and Coefficient Of Variation of 7195.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0457%. Superior Plus has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Superior Plus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Superior Plus is expected to be smaller as well. Superior Plus Corp right now has a risk of 1.3%. Please validate Superior Plus treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to decide if Superior Plus will be following its existing price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Superior Plus Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Superior Plus time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 Superior Plus Corp price movement. The serial correlation of -0.16 indicates that over 16.0% of current Superior Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Superior Plus Corp lagged returns against current returns
Autocorrelation, which is Superior Plus 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 Superior Plus' stock expected returns. We can calculate the autocorrelation of Superior Plus returns to help us make a trade decision. For example, suppose you find that Superior Plus 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 |
Superior Plus 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 Superior Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Superior Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Superior Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Superior Plus Lagged Returns
When evaluating Superior Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Superior Plus stock have on its future price. Superior Plus 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, Superior Plus autocorrelation shows the relationship between Superior Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Superior Plus Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| VWITX | Vanguard Intermediate Term Tax Exempt | |
| VGSTX | Vanguard Star Fund | |
| VFIAX | Vanguard 500 Index | |
| VTCLX | Vanguard Tax Managed Capital | |
| VTSAX | Vanguard Total Stock |
Check out Superior Plus Correlation, Superior Plus Volatility and Superior Plus Alpha and Beta module to complement your research on Superior Plus. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Superior Stock analysis
When running Superior Plus' price analysis, check to measure Superior Plus' 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 Superior Plus is operating at the current time. Most of Superior Plus' value examination focuses on studying past and present price action to predict the probability of Superior Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Plus' price. Additionally, you may evaluate how the addition of Superior Plus to your portfolios can decrease your overall portfolio volatility.
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Superior Plus 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.