Essity Ab Stock Market Value
| ETTYF Stock | USD 24.98 1.35 5.13% |
| Symbol | Essity |
Essity 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 Essity AB's pink sheet 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 Essity AB.
| 04/15/2024 |
| 01/10/2025 |
If you would invest 0.00 in Essity AB on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Essity AB or generate 0.0% return on investment in Essity AB over 270 days. Essity AB is related to or competes with Hengan International, Henkel AG, LOral SA, Henkel Ag, Beiersdorf Aktiengesellscha, LOreal Co, and Unilever PLC. Essity AB develops, produces, and sells hygiene and health products and services worldwide More
Essity 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 Essity AB's pink sheet 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 Essity AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.48 | |||
| Value At Risk | (4.25) |
Essity AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essity AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essity AB's standard deviation. In reality, there are many statistical measures that can use Essity AB historical prices to predict the future Essity AB's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.609 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Essity 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.
Essity AB Backtested Returns
Essity AB secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Essity AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Essity AB's Mean Deviation of 0.8468, standard deviation of 2.32, and Variance of 5.38 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Essity AB are expected to decrease at a much lower rate. During the bear market, Essity AB is likely to outperform the market. At this point, Essity AB has a negative expected return of -0.24%. Please make sure to confirm Essity AB's jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Essity AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Essity AB has excellent reverse predictability. Overlapping area represents the amount of predictability between Essity AB time series from 15th of April 2024 to 28th of August 2024 and 28th of August 2024 to 10th of January 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 Essity AB price movement. The serial correlation of -0.81 indicates that around 81.0% of current Essity AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.83 |
Essity AB lagged returns against current returns
Autocorrelation, which is Essity AB pink sheet'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 Essity AB's pink sheet expected returns. We can calculate the autocorrelation of Essity AB returns to help us make a trade decision. For example, suppose you find that Essity AB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Essity 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 Essity AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essity AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essity AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Essity AB Lagged Returns
When evaluating Essity AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essity AB pink sheet have on its future price. Essity 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, Essity AB autocorrelation shows the relationship between Essity AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Essity AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in Essity Pink Sheet
Essity AB financial ratios help investors to determine whether Essity Pink Sheet 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 Essity with respect to the benefits of owning Essity AB security.