Ellwee AB (Sweden) Market Value
| ELLWEE Stock | SEK 4.04 0.03 0.75% |
| Symbol | Ellwee |
Ellwee 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 Ellwee 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 Ellwee AB.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ellwee AB on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ellwee AB or generate 0.0% return on investment in Ellwee AB over 30 days. Ellwee AB is related to or competes with Cortus Energy, and Insplorion. Ellwee Ab manufactures and sells electric golf vehicles More
Ellwee 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 Ellwee 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 Ellwee AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 4.03 |
Ellwee AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellwee AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellwee AB's standard deviation. In reality, there are many statistical measures that can use Ellwee AB historical prices to predict the future Ellwee AB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ellwee AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ellwee AB Backtested Returns
Ellwee AB secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Ellwee AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ellwee AB's Variance of 7.75, standard deviation of 2.78, and Mean Deviation of 1.86 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ellwee AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellwee AB is expected to be smaller as well. At this point, Ellwee AB has a negative expected return of -0.33%. Please make sure to confirm Ellwee AB's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Ellwee AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ellwee AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ellwee AB time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Ellwee AB price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ellwee AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ellwee AB lagged returns against current returns
Autocorrelation, which is Ellwee 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 Ellwee AB's stock expected returns. We can calculate the autocorrelation of Ellwee AB returns to help us make a trade decision. For example, suppose you find that Ellwee 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 |
Ellwee 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 Ellwee AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellwee AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellwee AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ellwee AB Lagged Returns
When evaluating Ellwee AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellwee AB stock have on its future price. Ellwee 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, Ellwee AB autocorrelation shows the relationship between Ellwee AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ellwee AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Ellwee Stock
Ellwee AB financial ratios help investors to determine whether Ellwee 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 Ellwee with respect to the benefits of owning Ellwee AB security.