Nilsson Special (Sweden) Market Value
| NILS Stock | SEK 2.82 0.16 5.37% |
| Symbol | Nilsson |
Nilsson Special '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 Nilsson Special'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 Nilsson Special.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nilsson Special on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nilsson Special Vehicles or generate 0.0% return on investment in Nilsson Special over 30 days. Nilsson Special is related to or competes with TF Bank, Upsales Technology, Nitro Games, Arion Banki, and Qleanair Holding. Nilsson Special Vehicles AB produces and sells ambulances, limousines, hearses, and emergency vehicles in Europe, Asia, ... More
Nilsson Special 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 Nilsson Special'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 Nilsson Special Vehicles upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 31.25 | |||
| Value At Risk | (10.59) | |||
| Potential Upside | 9.89 |
Nilsson Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nilsson Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nilsson Special's standard deviation. In reality, there are many statistical measures that can use Nilsson Special historical prices to predict the future Nilsson Special's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.63) | |||
| Treynor Ratio | (0.44) |
Nilsson Special Vehicles Backtested Returns
Nilsson Special Vehicles has Sharpe Ratio of -0.0999, which conveys that the firm had a -0.0999% return per unit of risk over the last 3 months. Nilsson Special exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nilsson Special's Risk Adjusted Performance of (0.07), standard deviation of 6.0, and Mean Deviation of 4.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.41, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nilsson Special will likely underperform. At this point, Nilsson Special Vehicles has a negative expected return of -0.6%. Please make sure to verify Nilsson Special's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Nilsson Special Vehicles performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Nilsson Special Vehicles has average predictability. Overlapping area represents the amount of predictability between Nilsson Special time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Nilsson Special Vehicles price movement. The serial correlation of 0.47 indicates that about 47.0% of current Nilsson Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nilsson Special Vehicles lagged returns against current returns
Autocorrelation, which is Nilsson Special 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 Nilsson Special's stock expected returns. We can calculate the autocorrelation of Nilsson Special returns to help us make a trade decision. For example, suppose you find that Nilsson Special 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 |
Nilsson Special 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 Nilsson Special stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nilsson Special stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nilsson Special stock over time.
Current vs Lagged Prices |
| Timeline |
Nilsson Special Lagged Returns
When evaluating Nilsson Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nilsson Special stock have on its future price. Nilsson Special 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, Nilsson Special autocorrelation shows the relationship between Nilsson Special stock current value and its past values and can show if there is a momentum factor associated with investing in Nilsson Special Vehicles.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nilsson Stock Analysis
When running Nilsson Special's price analysis, check to measure Nilsson Special'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 Nilsson Special is operating at the current time. Most of Nilsson Special's value examination focuses on studying past and present price action to predict the probability of Nilsson Special's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nilsson Special's price. Additionally, you may evaluate how the addition of Nilsson Special to your portfolios can decrease your overall portfolio volatility.