Ekobot AB (Sweden) Market Value
| EKOBOT Stock | SEK 0.09 0.00 0.00% |
| Symbol | Ekobot |
Ekobot 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 Ekobot 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 Ekobot AB.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Ekobot AB on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ekobot AB or generate 0.0% return on investment in Ekobot AB over 30 days. Ekobot AB is related to or competes with Cint Group, IZafe Group, Veg Of, and Garo AB. Ekobot AB develops, manufactures, and sells autonomous agricultural robots that help farmers and growers in weeding crop... More
Ekobot 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 Ekobot 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 Ekobot AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 35.38 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 7.14 |
Ekobot AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekobot AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekobot AB's standard deviation. In reality, there are many statistical measures that can use Ekobot AB historical prices to predict the future Ekobot AB's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.87) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | 4.49 |
Ekobot AB Backtested Returns
Ekobot AB secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Ekobot AB exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ekobot AB's Variance of 25.73, standard deviation of 5.07, and Mean Deviation of 2.88 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ekobot AB are expected to decrease at a much lower rate. During the bear market, Ekobot AB is likely to outperform the market. At this point, Ekobot AB has a negative expected return of -0.91%. Please make sure to confirm Ekobot AB's variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Ekobot AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Ekobot AB has very good predictability. Overlapping area represents the amount of predictability between Ekobot 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 Ekobot AB price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Ekobot AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ekobot AB lagged returns against current returns
Autocorrelation, which is Ekobot 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 Ekobot AB's stock expected returns. We can calculate the autocorrelation of Ekobot AB returns to help us make a trade decision. For example, suppose you find that Ekobot 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 |
Ekobot 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 Ekobot AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekobot AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekobot AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ekobot AB Lagged Returns
When evaluating Ekobot AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekobot AB stock have on its future price. Ekobot 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, Ekobot AB autocorrelation shows the relationship between Ekobot AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ekobot AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ekobot Stock
Ekobot AB financial ratios help investors to determine whether Ekobot 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 Ekobot with respect to the benefits of owning Ekobot AB security.