Loomis AB (Sweden) Market Value
| LOOMIS Stock | SEK 333.60 1.80 0.54% |
| Symbol | Loomis |
Loomis 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 Loomis 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 Loomis AB.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Loomis AB on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Loomis AB ser or generate 0.0% return on investment in Loomis AB over 720 days. Loomis AB is related to or competes with Securitas, Intrum Justitia, Dometic Group, HEXPOL AB, and Trelleborg. Loomis AB provides solutions for the distribution, handling, storage, and recycling of cash and other valuables in Swede... More
Loomis 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 Loomis 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 Loomis AB ser upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.73 |
Loomis AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loomis AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loomis AB's standard deviation. In reality, there are many statistical measures that can use Loomis AB historical prices to predict the future Loomis AB's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.29) |
Loomis AB ser Backtested Returns
Loomis AB ser has Sharpe Ratio of -0.0469, which conveys that the firm had a -0.0469% return per unit of risk over the last 3 months. Loomis AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Loomis AB's Risk Adjusted Performance of (0.04), standard deviation of 1.05, and Mean Deviation of 0.8264 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Loomis AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Loomis AB is expected to be smaller as well. At this point, Loomis AB ser has a negative expected return of -0.0497%. Please make sure to verify Loomis AB's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Loomis AB ser performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Loomis AB ser has poor reverse predictability. Overlapping area represents the amount of predictability between Loomis AB time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Loomis AB ser price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Loomis AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 987.12 |
Loomis AB ser lagged returns against current returns
Autocorrelation, which is Loomis 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 Loomis AB's stock expected returns. We can calculate the autocorrelation of Loomis AB returns to help us make a trade decision. For example, suppose you find that Loomis 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 |
Loomis 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 Loomis AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loomis AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loomis AB stock over time.
Current vs Lagged Prices |
| Timeline |
Loomis AB Lagged Returns
When evaluating Loomis AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loomis AB stock have on its future price. Loomis 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, Loomis AB autocorrelation shows the relationship between Loomis AB stock current value and its past values and can show if there is a momentum factor associated with investing in Loomis AB ser.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Loomis Stock
Loomis AB financial ratios help investors to determine whether Loomis 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 Loomis with respect to the benefits of owning Loomis AB security.