Sony Corp Stock Market Value
| SNEJF Stock | USD 86.65 0.00 0.00% |
| Symbol | Sony |
Sony Corp '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 Sony Corp's pink sheet 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 Sony Corp.
| 05/15/2022 |
| 05/04/2024 |
If you would invest 0.00 in Sony Corp on May 15, 2022 and sell it all today you would earn a total of 0.00 from holding Sony Corp or generate 0.0% return on investment in Sony Corp over 720 days. Sony Corp is related to or competes with Sharp Corp, LG Display, Vizio Holding, Universal Electronics, VOXX International, Turtle Beach, and Xiaomi Corp. Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the con... More
Sony Corp 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 Sony Corp's pink sheet 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 Sony Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.69 |
Sony Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sony Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sony Corp's standard deviation. In reality, there are many statistical measures that can use Sony Corp historical prices to predict the future Sony Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (2.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sony Corp'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.
Sony Corp Backtested Returns
Sony Corp 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. Sony Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sony Corp's Variance of 1.97, risk adjusted performance of (0.09), and Coefficient Of Variation of (685.53) to confirm the risk estimate we provide. The entity has a beta of 0.0838, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sony Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sony Corp is expected to be smaller as well. Sony Corp has an expected return of -0.18%. Please make sure to validate Sony Corp jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Sony Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Sony Corp has below average predictability. Overlapping area represents the amount of predictability between Sony Corp time series from 15th of May 2022 to 10th of May 2023 and 10th of May 2023 to 4th 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 Sony Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Sony Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 27.93 |
Sony Corp lagged returns against current returns
Autocorrelation, which is Sony Corp pink sheet'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 Sony Corp's pink sheet expected returns. We can calculate the autocorrelation of Sony Corp returns to help us make a trade decision. For example, suppose you find that Sony Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sony Corp 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 Sony Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sony Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sony Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sony Corp Lagged Returns
When evaluating Sony Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sony Corp pink sheet have on its future price. Sony Corp 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, Sony Corp autocorrelation shows the relationship between Sony Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sony Corp.
Regressed Prices |
| Timeline |
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Check out Sony Corp Correlation, Sony Corp Volatility and Sony Corp Alpha and Beta module to complement your research on Sony Corp. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Sony Pink Sheet analysis
When running Sony Corp's price analysis, check to measure Sony Corp'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 Sony Corp is operating at the current time. Most of Sony Corp's value examination focuses on studying past and present price action to predict the probability of Sony Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sony Corp's price. Additionally, you may evaluate how the addition of Sony Corp to your portfolios can decrease your overall portfolio volatility.
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Sony Corp technical pink sheet 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, pink sheet market cycles, or different charting patterns.