Elanders (Sweden) Market Value
| ELAN-B Stock | SEK 91.30 1.40 1.51% |
| Symbol | Elanders |
Elanders '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 Elanders' 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 Elanders.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Elanders on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Elanders AB or generate 0.0% return on investment in Elanders over 360 days. Elanders is related to or competes with MAG Interactive, Kambi Group, Hexatronic Group, Integrum, and Awardit AB. Elanders AB , through its subsidiaries, provides supply chain management, print and packaging, and e-commerce solutions More
Elanders 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 Elanders' 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 Elanders AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.52 |
Elanders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elanders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elanders' standard deviation. In reality, there are many statistical measures that can use Elanders historical prices to predict the future Elanders' volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | 0.0023 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.1015 |
Elanders AB Backtested Returns
Elanders AB secures Sharpe Ratio (or Efficiency) of -0.0185, which denotes the company had a -0.0185% return per unit of standard deviation over the last 3 months. Elanders AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elanders' Mean Deviation of 1.31, standard deviation of 1.97, and Coefficient Of Variation of (25,603) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elanders are expected to decrease at a much lower rate. During the bear market, Elanders is likely to outperform the market. At this point, Elanders AB has a negative expected return of -0.0366%. Please make sure to confirm Elanders' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Elanders AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Elanders AB has very good reverse predictability. Overlapping area represents the amount of predictability between Elanders time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Elanders AB price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Elanders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 22.73 |
Elanders AB lagged returns against current returns
Autocorrelation, which is Elanders 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 Elanders' stock expected returns. We can calculate the autocorrelation of Elanders returns to help us make a trade decision. For example, suppose you find that Elanders 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 |
Elanders 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 Elanders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elanders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elanders stock over time.
Current vs Lagged Prices |
| Timeline |
Elanders Lagged Returns
When evaluating Elanders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elanders stock have on its future price. Elanders 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, Elanders autocorrelation shows the relationship between Elanders stock current value and its past values and can show if there is a momentum factor associated with investing in Elanders AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Elanders Stock
Elanders financial ratios help investors to determine whether Elanders 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 Elanders with respect to the benefits of owning Elanders security.