Alcadon Group (Sweden) Market Value
| ALCA Stock | SEK 27.40 0.20 0.72% |
| Symbol | Alcadon |
Alcadon Group '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 Alcadon Group'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 Alcadon Group.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Alcadon Group on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Alcadon Group AB or generate 0.0% return on investment in Alcadon Group over 30 days. Alcadon Group is related to or competes with DistIT AB, Addnode Group, Awardit AB, Avensia Publ, and Acconeer. Alcadon Group AB engages in the data and telecommunications business in Sweden More
Alcadon Group 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 Alcadon Group'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 Alcadon Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 21.96 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.11 |
Alcadon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcadon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alcadon Group's standard deviation. In reality, there are many statistical measures that can use Alcadon Group historical prices to predict the future Alcadon Group's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (1.31) |
Alcadon Group AB Backtested Returns
Alcadon Group AB secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Alcadon Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alcadon Group's mean deviation of 1.48, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alcadon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alcadon Group is expected to be smaller as well. At this point, Alcadon Group AB has a negative expected return of -0.59%. Please make sure to confirm Alcadon Group's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Alcadon Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Alcadon Group AB has modest predictability. Overlapping area represents the amount of predictability between Alcadon Group time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Alcadon Group AB price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Alcadon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alcadon Group AB lagged returns against current returns
Autocorrelation, which is Alcadon Group 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 Alcadon Group's stock expected returns. We can calculate the autocorrelation of Alcadon Group returns to help us make a trade decision. For example, suppose you find that Alcadon Group 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 |
Alcadon Group 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 Alcadon Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alcadon Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alcadon Group stock over time.
Current vs Lagged Prices |
| Timeline |
Alcadon Group Lagged Returns
When evaluating Alcadon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alcadon Group stock have on its future price. Alcadon Group 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, Alcadon Group autocorrelation shows the relationship between Alcadon Group stock current value and its past values and can show if there is a momentum factor associated with investing in Alcadon Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alcadon Stock Analysis
When running Alcadon Group's price analysis, check to measure Alcadon Group'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 Alcadon Group is operating at the current time. Most of Alcadon Group's value examination focuses on studying past and present price action to predict the probability of Alcadon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcadon Group's price. Additionally, you may evaluate how the addition of Alcadon Group to your portfolios can decrease your overall portfolio volatility.