Scandinavian Tobacco (Germany) Market Value
| 8ZI Stock | EUR 14.40 0.20 1.37% |
| Symbol | Scandinavian |
Scandinavian Tobacco '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 Scandinavian Tobacco'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 Scandinavian Tobacco.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Scandinavian Tobacco on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Scandinavian Tobacco Group or generate 0.0% return on investment in Scandinavian Tobacco over 30 days. Scandinavian Tobacco is related to or competes with EAGLE MATERIALS, Martin Marietta, QLEANAIR, LAir Liquide, Enter Air, and RYANAIR HLDGS. Scandinavian Tobacco Group AS manufactures and sells handmade and machine-made cigars, and pipe tobacco worldwide More
Scandinavian Tobacco 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 Scandinavian Tobacco'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 Scandinavian Tobacco Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.1643 | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.58 |
Scandinavian Tobacco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandinavian Tobacco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandinavian Tobacco's standard deviation. In reality, there are many statistical measures that can use Scandinavian Tobacco historical prices to predict the future Scandinavian Tobacco's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.2024 | |||
| Total Risk Alpha | 0.2406 | |||
| Sortino Ratio | 0.151 | |||
| Treynor Ratio | 1.18 |
Scandinavian Tobacco Backtested Returns
At this point, Scandinavian Tobacco is very steady. Scandinavian Tobacco owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Scandinavian Tobacco Group, which you can use to evaluate the volatility of the company. Please validate Scandinavian Tobacco's Semi Deviation of 1.18, coefficient of variation of 646.71, and Risk Adjusted Performance of 0.1184 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Scandinavian Tobacco has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scandinavian Tobacco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scandinavian Tobacco is expected to be smaller as well. Scandinavian Tobacco right now has a risk of 1.36%. Please validate Scandinavian Tobacco mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Scandinavian Tobacco will be following its existing price patterns.
Auto-correlation | 0.89 |
Very good predictability
Scandinavian Tobacco Group has very good predictability. Overlapping area represents the amount of predictability between Scandinavian Tobacco time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Scandinavian Tobacco price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Scandinavian Tobacco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Scandinavian Tobacco lagged returns against current returns
Autocorrelation, which is Scandinavian Tobacco 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 Scandinavian Tobacco's stock expected returns. We can calculate the autocorrelation of Scandinavian Tobacco returns to help us make a trade decision. For example, suppose you find that Scandinavian Tobacco 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 |
Scandinavian Tobacco 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 Scandinavian Tobacco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandinavian Tobacco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandinavian Tobacco stock over time.
Current vs Lagged Prices |
| Timeline |
Scandinavian Tobacco Lagged Returns
When evaluating Scandinavian Tobacco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandinavian Tobacco stock have on its future price. Scandinavian Tobacco 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, Scandinavian Tobacco autocorrelation shows the relationship between Scandinavian Tobacco stock current value and its past values and can show if there is a momentum factor associated with investing in Scandinavian Tobacco Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Scandinavian Stock
Scandinavian Tobacco financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Tobacco security.