NOTE AB (Sweden) Market Value
| NOTE Stock | SEK 170.00 1.40 0.83% |
| Symbol | NOTE |
NOTE 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 NOTE 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 NOTE AB.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in NOTE AB on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding NOTE AB or generate 0.0% return on investment in NOTE AB over 90 days. NOTE AB is related to or competes with Redsense Medical, Systemair, Corline Biomedical, AcadeMedia, Sedana Medical, Lundin Mining, and Nexam Chemical. NOTE AB operates as a manufacturing and logistics partner for producing electronics-based products primarily in Sweden, ... More
NOTE 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 NOTE 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 NOTE AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.2192 | |||
| Maximum Drawdown | 13.65 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.79 |
NOTE AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOTE AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOTE AB's standard deviation. In reality, there are many statistical measures that can use NOTE AB historical prices to predict the future NOTE AB's volatility.| Risk Adjusted Performance | 0.1562 | |||
| Jensen Alpha | 0.3601 | |||
| Total Risk Alpha | 0.6237 | |||
| Sortino Ratio | 0.275 | |||
| Treynor Ratio | 13.58 |
NOTE AB Backtested Returns
NOTE AB appears to be very steady, given 3 months investment horizon. NOTE AB has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NOTE AB, which you can use to evaluate the volatility of the firm. Please exercise NOTE AB's Mean Deviation of 1.56, market risk adjusted performance of 13.59, and Risk Adjusted Performance of 0.1562 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NOTE AB holds a performance score of 11. The company secures a Beta (Market Risk) of 0.0263, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOTE AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOTE AB is expected to be smaller as well. Please check NOTE AB's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether NOTE AB's current price movements will revert.
Auto-correlation | 0.40 |
Average predictability
NOTE AB has average predictability. Overlapping area represents the amount of predictability between NOTE AB 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 NOTE AB price movement. The serial correlation of 0.4 indicates that just about 40.0% of current NOTE AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 20.95 |
NOTE AB lagged returns against current returns
Autocorrelation, which is NOTE 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 NOTE AB's stock expected returns. We can calculate the autocorrelation of NOTE AB returns to help us make a trade decision. For example, suppose you find that NOTE 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 |
NOTE 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 NOTE AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOTE AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOTE AB stock over time.
Current vs Lagged Prices |
| Timeline |
NOTE AB Lagged Returns
When evaluating NOTE AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOTE AB stock have on its future price. NOTE 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, NOTE AB autocorrelation shows the relationship between NOTE AB stock current value and its past values and can show if there is a momentum factor associated with investing in NOTE AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NOTE Stock Analysis
When running NOTE AB's price analysis, check to measure NOTE AB'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 NOTE AB is operating at the current time. Most of NOTE AB's value examination focuses on studying past and present price action to predict the probability of NOTE AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOTE AB's price. Additionally, you may evaluate how the addition of NOTE AB to your portfolios can decrease your overall portfolio volatility.