Drillcon (Sweden) Market Value
| DRIL Stock | SEK 5.46 0.28 5.41% |
| Symbol | Drillcon |
Drillcon '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 Drillcon'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 Drillcon.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Drillcon on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Drillcon AB or generate 0.0% return on investment in Drillcon over 90 days. Drillcon is related to or competes with Bjorn Borg, Diadrom Holding, Cloetta AB, and Corline Biomedical. Drillcon AB , together with its subsidiaries, operates as a diamond core drilling and raise boring contractor More
Drillcon 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 Drillcon'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 Drillcon AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.1554 | |||
| Maximum Drawdown | 10.49 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.82 |
Drillcon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drillcon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drillcon's standard deviation. In reality, there are many statistical measures that can use Drillcon historical prices to predict the future Drillcon's volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.1923 | |||
| Total Risk Alpha | 0.4964 | |||
| Sortino Ratio | 0.1661 | |||
| Treynor Ratio | (0.73) |
Drillcon AB Backtested Returns
Drillcon appears to be slightly risky, given 3 months investment horizon. Drillcon AB secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Drillcon AB, which you can use to evaluate the volatility of the firm. Please utilize Drillcon's Downside Deviation of 2.02, mean deviation of 1.66, and Coefficient Of Variation of 913.39 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Drillcon holds a performance score of 9. The firm shows a Beta (market volatility) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Drillcon are expected to decrease at a much lower rate. During the bear market, Drillcon is likely to outperform the market. Please check Drillcon's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Drillcon's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Drillcon AB has very weak predictability. Overlapping area represents the amount of predictability between Drillcon time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Drillcon AB price movement. The serial correlation of 0.16 indicates that over 16.0% of current Drillcon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Drillcon AB lagged returns against current returns
Autocorrelation, which is Drillcon 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 Drillcon's stock expected returns. We can calculate the autocorrelation of Drillcon returns to help us make a trade decision. For example, suppose you find that Drillcon 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 |
Drillcon 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 Drillcon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drillcon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drillcon stock over time.
Current vs Lagged Prices |
| Timeline |
Drillcon Lagged Returns
When evaluating Drillcon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drillcon stock have on its future price. Drillcon 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, Drillcon autocorrelation shows the relationship between Drillcon stock current value and its past values and can show if there is a momentum factor associated with investing in Drillcon AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Drillcon Stock Analysis
When running Drillcon's price analysis, check to measure Drillcon'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 Drillcon is operating at the current time. Most of Drillcon's value examination focuses on studying past and present price action to predict the probability of Drillcon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drillcon's price. Additionally, you may evaluate how the addition of Drillcon to your portfolios can decrease your overall portfolio volatility.