Advenica (Sweden) Market Value
| ADVE Stock | SEK 17.60 0.65 3.83% |
| Symbol | Advenica |
Advenica '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 Advenica'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 Advenica.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Advenica on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Advenica AB or generate 0.0% return on investment in Advenica over 90 days. Advenica is related to or competes with BIMobject, Hanza AB, Alcadon Group, Clavister Holding, and Avensia Publ. Advenica AB develops, manufactures, and sells cybersecurity solutions and services worldwide More
Advenica 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 Advenica'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 Advenica AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.2559 | |||
| Maximum Drawdown | 18.66 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 10.06 |
Advenica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advenica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advenica's standard deviation. In reality, there are many statistical measures that can use Advenica historical prices to predict the future Advenica's volatility.| Risk Adjusted Performance | 0.2099 | |||
| Jensen Alpha | 0.943 | |||
| Total Risk Alpha | 1.48 | |||
| Sortino Ratio | 0.4073 | |||
| Treynor Ratio | (8.29) |
Advenica AB Backtested Returns
Advenica is somewhat reliable given 3 months investment horizon. Advenica AB secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Advenica Risk Adjusted Performance of 0.2099, mean deviation of 2.87, and Downside Deviation of 2.61 to evaluate company specific risk that cannot be diversified away. Advenica holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Advenica are expected to decrease at a much lower rate. During the bear market, Advenica is likely to outperform the market. Use Advenica treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Advenica.
Auto-correlation | -0.65 |
Very good reverse predictability
Advenica AB has very good reverse predictability. Overlapping area represents the amount of predictability between Advenica time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Advenica AB price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Advenica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 4.37 |
Advenica AB lagged returns against current returns
Autocorrelation, which is Advenica 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 Advenica's stock expected returns. We can calculate the autocorrelation of Advenica returns to help us make a trade decision. For example, suppose you find that Advenica 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 |
Advenica 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 Advenica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advenica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advenica stock over time.
Current vs Lagged Prices |
| Timeline |
Advenica Lagged Returns
When evaluating Advenica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advenica stock have on its future price. Advenica 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, Advenica autocorrelation shows the relationship between Advenica stock current value and its past values and can show if there is a momentum factor associated with investing in Advenica AB.
Regressed Prices |
| Timeline |
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Additional Tools for Advenica Stock Analysis
When running Advenica's price analysis, check to measure Advenica'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 Advenica is operating at the current time. Most of Advenica's value examination focuses on studying past and present price action to predict the probability of Advenica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advenica's price. Additionally, you may evaluate how the addition of Advenica to your portfolios can decrease your overall portfolio volatility.