Ctek AB (Sweden) Market Value
| CTEK Stock | 13.60 0.30 2.26% |
| Symbol | Ctek |
Ctek 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 Ctek 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 Ctek AB.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Ctek AB on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ctek AB or generate 0.0% return on investment in Ctek AB over 30 days.
Ctek 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 Ctek 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 Ctek AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.26 |
Ctek AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ctek AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ctek AB's standard deviation. In reality, there are many statistical measures that can use Ctek AB historical prices to predict the future Ctek AB's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.97 |
Ctek AB Backtested Returns
Ctek AB secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18 % return per unit of standard deviation over the last 3 months. Ctek AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ctek AB's risk adjusted performance of (0.14), and Mean Deviation of 1.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ctek AB are expected to decrease at a much lower rate. During the bear market, Ctek AB is likely to outperform the market. At this point, Ctek AB has a negative expected return of -0.41%. Please make sure to confirm Ctek AB's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Ctek AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Ctek AB has good reverse predictability. Overlapping area represents the amount of predictability between Ctek AB time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 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 Ctek AB price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Ctek AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Ctek AB lagged returns against current returns
Autocorrelation, which is Ctek 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 Ctek AB's stock expected returns. We can calculate the autocorrelation of Ctek AB returns to help us make a trade decision. For example, suppose you find that Ctek 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 |
Ctek 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 Ctek AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ctek AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ctek AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ctek AB Lagged Returns
When evaluating Ctek AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ctek AB stock have on its future price. Ctek 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, Ctek AB autocorrelation shows the relationship between Ctek AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ctek AB.
Regressed Prices |
| Timeline |
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Additional Tools for Ctek Stock Analysis
When running Ctek AB's price analysis, check to measure Ctek AB'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 Ctek AB is operating at the current time. Most of Ctek AB's value examination focuses on studying past and present price action to predict the probability of Ctek AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ctek AB's price. Additionally, you may evaluate how the addition of Ctek AB to your portfolios can decrease your overall portfolio volatility.