PolyPlank Publ (Sweden) Market Value
| POLY Stock | SEK 0.02 0.0005 2.33% |
| Symbol | PolyPlank |
PolyPlank 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 PolyPlank 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 PolyPlank Publ.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in PolyPlank Publ on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding PolyPlank publ AB or generate 0.0% return on investment in PolyPlank Publ over 180 days. PolyPlank Publ is related to or competes with Systemair, Softronic, Inwido AB, Lindab International, and KABE Group. Polyplank AB manufactures and sells wood products made of recycled thermoplastics and organic fibers primarily in Sweden More
PolyPlank 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 PolyPlank 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 PolyPlank publ AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 33.4 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 5.41 |
PolyPlank Publ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PolyPlank Publ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PolyPlank Publ's standard deviation. In reality, there are many statistical measures that can use PolyPlank Publ historical prices to predict the future PolyPlank Publ's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.50) |
PolyPlank publ AB Backtested Returns
PolyPlank publ AB maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. PolyPlank publ AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PolyPlank Publ's Variance of 21.8, coefficient of variation of (769.97), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 1.23, which implies 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, PolyPlank Publ will likely underperform. At this point, PolyPlank publ AB has a negative expected return of -0.63%. Please make sure to check PolyPlank Publ's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if PolyPlank publ AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
PolyPlank publ AB has insignificant predictability. Overlapping area represents the amount of predictability between PolyPlank Publ time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 PolyPlank publ AB price movement. The serial correlation of 0.11 indicates that less than 11.0% of current PolyPlank Publ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PolyPlank publ AB lagged returns against current returns
Autocorrelation, which is PolyPlank 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 PolyPlank Publ's stock expected returns. We can calculate the autocorrelation of PolyPlank Publ returns to help us make a trade decision. For example, suppose you find that PolyPlank 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 |
PolyPlank 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 PolyPlank Publ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PolyPlank Publ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PolyPlank Publ stock over time.
Current vs Lagged Prices |
| Timeline |
PolyPlank Publ Lagged Returns
When evaluating PolyPlank Publ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PolyPlank Publ stock have on its future price. PolyPlank 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, PolyPlank Publ autocorrelation shows the relationship between PolyPlank Publ stock current value and its past values and can show if there is a momentum factor associated with investing in PolyPlank publ AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PolyPlank Stock Analysis
When running PolyPlank Publ's price analysis, check to measure PolyPlank 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 PolyPlank Publ is operating at the current time. Most of PolyPlank Publ's value examination focuses on studying past and present price action to predict the probability of PolyPlank 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 PolyPlank Publ's price. Additionally, you may evaluate how the addition of PolyPlank Publ to your portfolios can decrease your overall portfolio volatility.