BillerudKorsnas (Sweden) Market Value
| BILL Stock | SEK 95.60 1.30 1.34% |
| Symbol | BillerudKorsnas |
BillerudKorsnas '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 BillerudKorsnas' 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 BillerudKorsnas.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in BillerudKorsnas on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding BillerudKorsnas AB or generate 0.0% return on investment in BillerudKorsnas over 720 days. BillerudKorsnas is related to or competes with Holmen AB, Svenska Cellulosa, Husqvarna, Alfa Laval, and Axfood AB. BillerudKorsns AB provides fiber based packaging materials and packaging solutions in Sweden and internationally More
BillerudKorsnas 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 BillerudKorsnas' 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 BillerudKorsnas AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.25 |
BillerudKorsnas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BillerudKorsnas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BillerudKorsnas' standard deviation. In reality, there are many statistical measures that can use BillerudKorsnas historical prices to predict the future BillerudKorsnas' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.61 |
BillerudKorsnas AB Backtested Returns
BillerudKorsnas AB secures Sharpe Ratio (or Efficiency) of -0.063, which signifies that the company had a -0.063% return per unit of risk over the last 3 months. BillerudKorsnas AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BillerudKorsnas' Mean Deviation of 1.44, standard deviation of 2.15, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0906, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BillerudKorsnas are expected to decrease at a much lower rate. During the bear market, BillerudKorsnas is likely to outperform the market. At this point, BillerudKorsnas AB has a negative expected return of -0.14%. Please make sure to confirm BillerudKorsnas' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if BillerudKorsnas AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
BillerudKorsnas AB has modest reverse predictability. Overlapping area represents the amount of predictability between BillerudKorsnas time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 BillerudKorsnas AB price movement. The serial correlation of -0.49 indicates that about 49.0% of current BillerudKorsnas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 57.41 |
BillerudKorsnas AB lagged returns against current returns
Autocorrelation, which is BillerudKorsnas 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 BillerudKorsnas' stock expected returns. We can calculate the autocorrelation of BillerudKorsnas returns to help us make a trade decision. For example, suppose you find that BillerudKorsnas 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 |
BillerudKorsnas 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 BillerudKorsnas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BillerudKorsnas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BillerudKorsnas stock over time.
Current vs Lagged Prices |
| Timeline |
BillerudKorsnas Lagged Returns
When evaluating BillerudKorsnas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BillerudKorsnas stock have on its future price. BillerudKorsnas 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, BillerudKorsnas autocorrelation shows the relationship between BillerudKorsnas stock current value and its past values and can show if there is a momentum factor associated with investing in BillerudKorsnas AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BillerudKorsnas Stock Analysis
When running BillerudKorsnas' price analysis, check to measure BillerudKorsnas' 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 BillerudKorsnas is operating at the current time. Most of BillerudKorsnas' value examination focuses on studying past and present price action to predict the probability of BillerudKorsnas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BillerudKorsnas' price. Additionally, you may evaluate how the addition of BillerudKorsnas to your portfolios can decrease your overall portfolio volatility.