Mekonomen (Sweden) Market Value
| MEKO Stock | SEK 123.60 1.00 0.82% |
| Symbol | Mekonomen |
Mekonomen '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 Mekonomen'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 Mekonomen.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Mekonomen on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mekonomen AB or generate 0.0% return on investment in Mekonomen over 90 days. Mekonomen is related to or competes with Clas Ohlson, Bilia AB, Byggmax Group, Peab AB, and Nobia AB. Mekonomen AB operates a chain of car service stores in Sweden, Norway, Denmark, Poland, and Finland More
Mekonomen 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 Mekonomen'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 Mekonomen AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 2.33 |
Mekonomen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mekonomen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mekonomen's standard deviation. In reality, there are many statistical measures that can use Mekonomen historical prices to predict the future Mekonomen's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.0675 | |||
| Treynor Ratio | 2.14 |
Mekonomen AB Backtested Returns
Mekonomen AB has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1 % return per unit of risk over the last 3 months. Mekonomen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mekonomen's Mean Deviation of 1.26, standard deviation of 1.66, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0659, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mekonomen are expected to decrease at a much lower rate. During the bear market, Mekonomen is likely to outperform the market. At this point, Mekonomen AB has a negative expected return of -0.18%. Please make sure to verify Mekonomen's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Mekonomen AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Mekonomen AB has modest predictability. Overlapping area represents the amount of predictability between Mekonomen 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 Mekonomen AB price movement. The serial correlation of 0.54 indicates that about 54.0% of current Mekonomen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 21.09 |
Mekonomen AB lagged returns against current returns
Autocorrelation, which is Mekonomen 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 Mekonomen's stock expected returns. We can calculate the autocorrelation of Mekonomen returns to help us make a trade decision. For example, suppose you find that Mekonomen 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 |
Mekonomen 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 Mekonomen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mekonomen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mekonomen stock over time.
Current vs Lagged Prices |
| Timeline |
Mekonomen Lagged Returns
When evaluating Mekonomen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mekonomen stock have on its future price. Mekonomen 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, Mekonomen autocorrelation shows the relationship between Mekonomen stock current value and its past values and can show if there is a momentum factor associated with investing in Mekonomen AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mekonomen Stock Analysis
When running Mekonomen's price analysis, check to measure Mekonomen'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 Mekonomen is operating at the current time. Most of Mekonomen's value examination focuses on studying past and present price action to predict the probability of Mekonomen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mekonomen's price. Additionally, you may evaluate how the addition of Mekonomen to your portfolios can decrease your overall portfolio volatility.