Mycronic Publ (Sweden) Market Value
| MYCR Stock | SEK 440.00 13.60 3.19% |
| Symbol | Mycronic |
Mycronic Publ '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 Mycronic Publ'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 Mycronic Publ.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Mycronic Publ on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mycronic publ AB or generate 0.0% return on investment in Mycronic Publ over 90 days. Mycronic Publ is related to or competes with Nolato AB, Vitrolife, Bure Equity, Sectra AB, and Dometic Group. Mycronic AB , together with its subsidiaries, develops, manufactures, and sells production equipment to the electronics ... More
Mycronic Publ 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 Mycronic Publ'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 Mycronic publ AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1121 | |||
| Maximum Drawdown | 14.47 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.21 |
Mycronic Publ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mycronic Publ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mycronic Publ's standard deviation. In reality, there are many statistical measures that can use Mycronic Publ historical prices to predict the future Mycronic Publ's volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.1395 | |||
| Total Risk Alpha | 0.4263 | |||
| Sortino Ratio | 0.1247 | |||
| Treynor Ratio | (3.57) |
Mycronic publ AB Backtested Returns
Currently, Mycronic publ AB is very steady. Mycronic publ AB has Sharpe Ratio of 0.0682, which conveys that the firm had a 0.0682 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mycronic Publ, which you can use to evaluate the volatility of the firm. Please verify Mycronic Publ's Mean Deviation of 1.63, downside deviation of 2.03, and Risk Adjusted Performance of 0.0655 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Mycronic Publ has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0403, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mycronic Publ are expected to decrease at a much lower rate. During the bear market, Mycronic Publ is likely to outperform the market. Mycronic publ AB right now secures a risk of 2.26%. Please verify Mycronic publ AB coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Mycronic publ AB will be following its current price movements.
Auto-correlation | -0.46 |
Modest reverse predictability
Mycronic publ AB has modest reverse predictability. Overlapping area represents the amount of predictability between Mycronic Publ 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 Mycronic publ AB price movement. The serial correlation of -0.46 indicates that about 46.0% of current Mycronic Publ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 738.09 |
Mycronic publ AB lagged returns against current returns
Autocorrelation, which is Mycronic Publ 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 Mycronic Publ's stock expected returns. We can calculate the autocorrelation of Mycronic Publ returns to help us make a trade decision. For example, suppose you find that Mycronic Publ 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 |
Mycronic Publ 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 Mycronic Publ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mycronic Publ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mycronic Publ stock over time.
Current vs Lagged Prices |
| Timeline |
Mycronic Publ Lagged Returns
When evaluating Mycronic Publ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mycronic Publ stock have on its future price. Mycronic Publ 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, Mycronic Publ autocorrelation shows the relationship between Mycronic Publ stock current value and its past values and can show if there is a momentum factor associated with investing in Mycronic publ AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mycronic Stock Analysis
When running Mycronic Publ's price analysis, check to measure Mycronic Publ'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 Mycronic Publ is operating at the current time. Most of Mycronic Publ's value examination focuses on studying past and present price action to predict the probability of Mycronic Publ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mycronic Publ's price. Additionally, you may evaluate how the addition of Mycronic Publ to your portfolios can decrease your overall portfolio volatility.