Eolus Vind (Sweden) Market Value
| EOLU-B Stock | SEK 47.15 1.65 3.63% |
| Symbol | Eolus |
Eolus Vind '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 Eolus Vind'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 Eolus Vind.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Eolus Vind on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Eolus Vind AB or generate 0.0% return on investment in Eolus Vind over 540 days. Eolus Vind is related to or competes with NOTE AB, Zaptec AS, SolTech Energy, Scatec Solar, and GomSpace Group. Eolus Vind AB primarily engages in the development and construction of wind power facilities in the Nordic region More
Eolus Vind 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 Eolus Vind'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 Eolus Vind AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 4.77 |
Eolus Vind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eolus Vind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eolus Vind's standard deviation. In reality, there are many statistical measures that can use Eolus Vind historical prices to predict the future Eolus Vind's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.77) |
Eolus Vind AB Backtested Returns
Eolus Vind AB secures Sharpe Ratio (or Efficiency) of -0.0774, which denotes the company had a -0.0774% return per unit of risk over the last 3 months. Eolus Vind AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eolus Vind's Variance of 6.41, standard deviation of 2.53, and Mean Deviation of 1.8 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eolus Vind's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eolus Vind is expected to be smaller as well. At this point, Eolus Vind AB has a negative expected return of -0.19%. Please make sure to confirm Eolus Vind's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Eolus Vind AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Eolus Vind AB has poor reverse predictability. Overlapping area represents the amount of predictability between Eolus Vind time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Eolus Vind AB price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Eolus Vind price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 124.87 |
Eolus Vind AB lagged returns against current returns
Autocorrelation, which is Eolus Vind 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 Eolus Vind's stock expected returns. We can calculate the autocorrelation of Eolus Vind returns to help us make a trade decision. For example, suppose you find that Eolus Vind 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 |
Eolus Vind 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 Eolus Vind stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eolus Vind stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eolus Vind stock over time.
Current vs Lagged Prices |
| Timeline |
Eolus Vind Lagged Returns
When evaluating Eolus Vind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eolus Vind stock have on its future price. Eolus Vind 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, Eolus Vind autocorrelation shows the relationship between Eolus Vind stock current value and its past values and can show if there is a momentum factor associated with investing in Eolus Vind AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Eolus Stock
Eolus Vind financial ratios help investors to determine whether Eolus 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 Eolus with respect to the benefits of owning Eolus Vind security.