Ferronordic (Sweden) Market Value
| FNM Stock | SEK 56.70 0.70 1.25% |
| Symbol | Ferronordic |
Ferronordic '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 Ferronordic'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 Ferronordic.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ferronordic on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ferronordic AB or generate 0.0% return on investment in Ferronordic over 90 days. Ferronordic is related to or competes with USWE Sports, Media, Invisio Communications, Maven Wireless, JLT Mobile, and Lundin Mining. Ferronordic AB sells, rents, and services construction equipment and other machines in Russia and Kazakhstan More
Ferronordic 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 Ferronordic'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 Ferronordic AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0149 | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 2.33 |
Ferronordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ferronordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ferronordic's standard deviation. In reality, there are many statistical measures that can use Ferronordic historical prices to predict the future Ferronordic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.1339 | |||
| Treynor Ratio | (0.69) |
Ferronordic AB Backtested Returns
Ferronordic AB secures Sharpe Ratio (or Efficiency) of -0.0663, which denotes the company had a -0.0663 % return per unit of risk over the last 3 months. Ferronordic AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ferronordic's Variance of 3.0, mean deviation of 1.16, and Standard Deviation of 1.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Ferronordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ferronordic is expected to be smaller as well. At this point, Ferronordic AB has a negative expected return of -0.12%. Please make sure to confirm Ferronordic's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Ferronordic AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Ferronordic AB has very good reverse predictability. Overlapping area represents the amount of predictability between Ferronordic time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Ferronordic AB price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Ferronordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 8.11 |
Ferronordic AB lagged returns against current returns
Autocorrelation, which is Ferronordic 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 Ferronordic's stock expected returns. We can calculate the autocorrelation of Ferronordic returns to help us make a trade decision. For example, suppose you find that Ferronordic 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 |
Ferronordic 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 Ferronordic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ferronordic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ferronordic stock over time.
Current vs Lagged Prices |
| Timeline |
Ferronordic Lagged Returns
When evaluating Ferronordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ferronordic stock have on its future price. Ferronordic 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, Ferronordic autocorrelation shows the relationship between Ferronordic stock current value and its past values and can show if there is a momentum factor associated with investing in Ferronordic AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ferronordic Stock Analysis
When running Ferronordic's price analysis, check to measure Ferronordic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ferronordic is operating at the current time. Most of Ferronordic's value examination focuses on studying past and present price action to predict the probability of Ferronordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ferronordic's price. Additionally, you may evaluate how the addition of Ferronordic to your portfolios can decrease your overall portfolio volatility.