Midsummer (Sweden) Market Value
| MIDS Stock | SEK 1.32 0.25 23.36% |
| Symbol | Midsummer |
Midsummer '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 Midsummer'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 Midsummer.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Midsummer on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Midsummer AB or generate 0.0% return on investment in Midsummer over 180 days. Midsummer is related to or competes with Soder Sportfiske, USWE Sports, Lime Technologies, SolTech Energy, Sdiptech, and Kinnevik Investment. Midsummer AB develops and supplies equipment for manufacturing CIGS thin film solar cells in Sweden More
Midsummer 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 Midsummer'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 Midsummer AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 7.92 |
Midsummer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midsummer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midsummer's standard deviation. In reality, there are many statistical measures that can use Midsummer historical prices to predict the future Midsummer's volatility.| Risk Adjusted Performance | 0.0552 | |||
| Jensen Alpha | 0.3759 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | (0.32) |
Midsummer AB Backtested Returns
Midsummer appears to be extremely dangerous, given 3 months investment horizon. Midsummer AB has Sharpe Ratio of 0.0929, which conveys that the firm had a 0.0929% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Midsummer, which you can use to evaluate the volatility of the firm. Please exercise Midsummer's Downside Deviation of 3.04, risk adjusted performance of 0.0552, and Mean Deviation of 3.02 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Midsummer holds a performance score of 7. The company secures a Beta (Market Risk) of -0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Midsummer are expected to decrease at a much lower rate. During the bear market, Midsummer is likely to outperform the market. Please check Midsummer's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Midsummer's current price movements will revert.
Auto-correlation | 0.36 |
Below average predictability
Midsummer AB has below average predictability. Overlapping area represents the amount of predictability between Midsummer time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Midsummer AB price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Midsummer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Midsummer AB lagged returns against current returns
Autocorrelation, which is Midsummer 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 Midsummer's stock expected returns. We can calculate the autocorrelation of Midsummer returns to help us make a trade decision. For example, suppose you find that Midsummer 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 |
Midsummer 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 Midsummer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midsummer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midsummer stock over time.
Current vs Lagged Prices |
| Timeline |
Midsummer Lagged Returns
When evaluating Midsummer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midsummer stock have on its future price. Midsummer 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, Midsummer autocorrelation shows the relationship between Midsummer stock current value and its past values and can show if there is a momentum factor associated with investing in Midsummer AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Midsummer Stock Analysis
When running Midsummer's price analysis, check to measure Midsummer'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 Midsummer is operating at the current time. Most of Midsummer's value examination focuses on studying past and present price action to predict the probability of Midsummer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midsummer's price. Additionally, you may evaluate how the addition of Midsummer to your portfolios can decrease your overall portfolio volatility.