CirChem AB (Sweden) Market Value
| CIRCHE Stock | SEK 3.01 0.02 0.66% |
| Symbol | CirChem |
CirChem AB '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 CirChem AB'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 CirChem AB.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in CirChem AB on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding CirChem AB or generate 0.0% return on investment in CirChem AB over 30 days. CirChem AB is related to or competes with Intervacc, Alzinova, Clinical Laserthermia, and AAC Clyde. CirChem AB engages in recycling of used solvents in Sweden More
CirChem AB 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 CirChem AB'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 CirChem AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0691 | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.66 |
CirChem AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CirChem AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CirChem AB's standard deviation. In reality, there are many statistical measures that can use CirChem AB historical prices to predict the future CirChem AB's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.3181 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1191 | |||
| Treynor Ratio | 0.8881 |
CirChem AB Backtested Returns
CirChem AB appears to be risky, given 3 months investment horizon. CirChem AB secures Sharpe Ratio (or Efficiency) of 0.0843, which signifies that the company had a 0.0843% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CirChem AB, which you can use to evaluate the volatility of the firm. Please makes use of CirChem AB's Risk Adjusted Performance of 0.0869, downside deviation of 2.11, and Mean Deviation of 1.97 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CirChem AB holds a performance score of 6. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CirChem AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding CirChem AB is expected to be smaller as well. Please check CirChem AB's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether CirChem AB's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
CirChem AB has modest predictability. Overlapping area represents the amount of predictability between CirChem AB time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 CirChem AB price movement. The serial correlation of 0.51 indicates that about 51.0% of current CirChem AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CirChem AB lagged returns against current returns
Autocorrelation, which is CirChem AB 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 CirChem AB's stock expected returns. We can calculate the autocorrelation of CirChem AB returns to help us make a trade decision. For example, suppose you find that CirChem AB 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 |
CirChem AB 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 CirChem AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CirChem AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CirChem AB stock over time.
Current vs Lagged Prices |
| Timeline |
CirChem AB Lagged Returns
When evaluating CirChem AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CirChem AB stock have on its future price. CirChem AB 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, CirChem AB autocorrelation shows the relationship between CirChem AB stock current value and its past values and can show if there is a momentum factor associated with investing in CirChem AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in CirChem Stock
CirChem AB financial ratios help investors to determine whether CirChem 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 CirChem with respect to the benefits of owning CirChem AB security.