Novotek AB (Sweden) Market Value
| NTEK-B Stock | SEK 77.20 1.60 2.12% |
| Symbol | Novotek |
Novotek 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 Novotek 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 Novotek AB.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Novotek AB on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Novotek AB or generate 0.0% return on investment in Novotek AB over 90 days. Novotek AB is related to or competes with Softronic, Prevas AB, FormPipe Software, Dedicare, and NOTE AB. Novotek AB delivers solutions in the industrial IT and automation areas More
Novotek 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 Novotek 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 Novotek AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1747 | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.38 |
Novotek AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novotek AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novotek AB's standard deviation. In reality, there are many statistical measures that can use Novotek AB historical prices to predict the future Novotek AB's volatility.| Risk Adjusted Performance | 0.1088 | |||
| Jensen Alpha | 0.1747 | |||
| Total Risk Alpha | 0.4257 | |||
| Sortino Ratio | 0.2019 | |||
| Treynor Ratio | (0.80) |
Novotek AB Backtested Returns
At this point, Novotek AB is very steady. Novotek AB has Sharpe Ratio of 0.0621, which conveys that the firm had a 0.0621 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Novotek AB, which you can use to evaluate the volatility of the firm. Please verify Novotek AB's Risk Adjusted Performance of 0.1088, downside deviation of 1.54, and Mean Deviation of 1.27 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Novotek AB has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Novotek AB are expected to decrease at a much lower rate. During the bear market, Novotek AB is likely to outperform the market. Novotek AB right now secures a risk of 1.77%. Please verify Novotek AB value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Novotek AB will be following its current price movements.
Auto-correlation | -0.62 |
Very good reverse predictability
Novotek AB has very good reverse predictability. Overlapping area represents the amount of predictability between Novotek AB time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Novotek AB price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Novotek AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 13.48 |
Novotek AB lagged returns against current returns
Autocorrelation, which is Novotek 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 Novotek AB's stock expected returns. We can calculate the autocorrelation of Novotek AB returns to help us make a trade decision. For example, suppose you find that Novotek 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 |
Novotek 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 Novotek AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novotek AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novotek AB stock over time.
Current vs Lagged Prices |
| Timeline |
Novotek AB Lagged Returns
When evaluating Novotek AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novotek AB stock have on its future price. Novotek 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, Novotek AB autocorrelation shows the relationship between Novotek AB stock current value and its past values and can show if there is a momentum factor associated with investing in Novotek AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Novotek Stock
Novotek AB financial ratios help investors to determine whether Novotek Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novotek with respect to the benefits of owning Novotek AB security.