Getinge AB (Sweden) Market Value
| GETI-B Stock | SEK 170.45 0.80 0.47% |
| Symbol | Getinge |
Getinge 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 Getinge 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 Getinge AB.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Getinge AB on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Getinge AB ser or generate 0.0% return on investment in Getinge AB over 360 days. Getinge AB is related to or competes with AB SKF, Elekta AB, Alfa Laval, Sandvik AB, and Tele2 AB. Getinge AB provides products and solutions for operating rooms, intensive-care units, sterilization departments, and lif... More
Getinge 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 Getinge 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 Getinge AB ser upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 1.64 |
Getinge AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Getinge AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Getinge AB's standard deviation. In reality, there are many statistical measures that can use Getinge AB historical prices to predict the future Getinge AB's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (4.95) |
Getinge AB ser Backtested Returns
Getinge AB ser holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of risk over the last 3 months. Getinge AB ser exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Getinge AB's Market Risk Adjusted Performance of (4.94), risk adjusted performance of (0.15), and Standard Deviation of 1.61 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0684, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Getinge AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Getinge AB is expected to be smaller as well. At this point, Getinge AB ser has a negative expected return of -0.36%. Please make sure to check out Getinge AB's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Getinge AB ser performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Getinge AB ser has very weak reverse predictability. Overlapping area represents the amount of predictability between Getinge AB time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Getinge AB ser price movement. The serial correlation of -0.03 indicates that only 3.0% of current Getinge AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 248.04 |
Getinge AB ser lagged returns against current returns
Autocorrelation, which is Getinge 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 Getinge AB's stock expected returns. We can calculate the autocorrelation of Getinge AB returns to help us make a trade decision. For example, suppose you find that Getinge 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 |
Getinge 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 Getinge AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Getinge AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Getinge AB stock over time.
Current vs Lagged Prices |
| Timeline |
Getinge AB Lagged Returns
When evaluating Getinge AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Getinge AB stock have on its future price. Getinge 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, Getinge AB autocorrelation shows the relationship between Getinge AB stock current value and its past values and can show if there is a momentum factor associated with investing in Getinge AB ser.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Getinge Stock
Getinge AB financial ratios help investors to determine whether Getinge 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 Getinge with respect to the benefits of owning Getinge AB security.