Clas Ohlson (Sweden) Market Value
| CLAS-B Stock | SEK 201.60 4.60 2.34% |
| Symbol | Clas |
Clas Ohlson '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 Clas Ohlson'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 Clas Ohlson.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Clas Ohlson on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Clas Ohlson AB or generate 0.0% return on investment in Clas Ohlson over 360 days. Clas Ohlson is related to or competes with Tele2 AB, Axfood AB, Telia Company, Byggmax Group, and AB Electrolux. Clas Ohlson AB operates as a retailing company in Sweden and internationally More
Clas Ohlson 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 Clas Ohlson'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 Clas Ohlson AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1115 | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 3.12 |
Clas Ohlson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clas Ohlson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clas Ohlson's standard deviation. In reality, there are many statistical measures that can use Clas Ohlson historical prices to predict the future Clas Ohlson's volatility.| Risk Adjusted Performance | 0.1475 | |||
| Jensen Alpha | 0.2011 | |||
| Total Risk Alpha | 0.0507 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | 0.3462 |
Clas Ohlson AB Backtested Returns
Clas Ohlson appears to be very steady, given 3 months investment horizon. Clas Ohlson AB secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Clas Ohlson AB, which you can use to evaluate the volatility of the firm. Please makes use of Clas Ohlson's mean deviation of 1.23, and Risk Adjusted Performance of 0.1475 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clas Ohlson holds a performance score of 22. The firm shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Clas Ohlson returns are very sensitive to returns on the market. As the market goes up or down, Clas Ohlson is expected to follow. Please check Clas Ohlson's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Clas Ohlson's price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Clas Ohlson AB has insignificant predictability. Overlapping area represents the amount of predictability between Clas Ohlson time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 Clas Ohlson AB price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Clas Ohlson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 100.23 |
Clas Ohlson AB lagged returns against current returns
Autocorrelation, which is Clas Ohlson 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 Clas Ohlson's stock expected returns. We can calculate the autocorrelation of Clas Ohlson returns to help us make a trade decision. For example, suppose you find that Clas Ohlson 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 |
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Clas Ohlson 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 Clas Ohlson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clas Ohlson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clas Ohlson stock over time.
Current vs Lagged Prices |
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Clas Ohlson Lagged Returns
When evaluating Clas Ohlson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clas Ohlson stock have on its future price. Clas Ohlson 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, Clas Ohlson autocorrelation shows the relationship between Clas Ohlson stock current value and its past values and can show if there is a momentum factor associated with investing in Clas Ohlson AB.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Clas Stock
Clas Ohlson financial ratios help investors to determine whether Clas 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 Clas with respect to the benefits of owning Clas Ohlson security.