SaltX Technology (Sweden) Market Value
| SALT-B Stock | SEK 3.82 0.11 2.96% |
| Symbol | SaltX |
SaltX Technology '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 SaltX Technology'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 SaltX Technology.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in SaltX Technology on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding SaltX Technology Holding or generate 0.0% return on investment in SaltX Technology over 540 days. SaltX Technology is related to or competes with GomSpace Group, Maha Energy, SolTech Energy, and Saniona AB. SaltX Technology Holding AB develops, delivers, and licenses the SaltX technology to the OEM manufacturers of energy eff... More
SaltX Technology 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 SaltX Technology'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 SaltX Technology Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.0712 | |||
| Maximum Drawdown | 18.24 | |||
| Value At Risk | (6.03) | |||
| Potential Upside | 8.07 |
SaltX Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SaltX Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SaltX Technology's standard deviation. In reality, there are many statistical measures that can use SaltX Technology historical prices to predict the future SaltX Technology's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 0.5042 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0911 | |||
| Treynor Ratio | (0.58) |
SaltX Technology Holding Backtested Returns
SaltX Technology appears to be risky, given 3 months investment horizon. SaltX Technology Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SaltX Technology Holding, which you can use to evaluate the volatility of the company. Please review SaltX Technology's Coefficient Of Variation of 994.82, semi deviation of 3.1, and Risk Adjusted Performance of 0.0852 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SaltX Technology holds a performance score of 8. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SaltX Technology are expected to decrease at a much lower rate. During the bear market, SaltX Technology is likely to outperform the market. Please check SaltX Technology's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether SaltX Technology's existing price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
SaltX Technology Holding has weak reverse predictability. Overlapping area represents the amount of predictability between SaltX Technology time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 SaltX Technology Holding price movement. The serial correlation of -0.24 indicates that over 24.0% of current SaltX Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
SaltX Technology Holding lagged returns against current returns
Autocorrelation, which is SaltX Technology 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 SaltX Technology's stock expected returns. We can calculate the autocorrelation of SaltX Technology returns to help us make a trade decision. For example, suppose you find that SaltX Technology 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 |
SaltX Technology 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 SaltX Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SaltX Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SaltX Technology stock over time.
Current vs Lagged Prices |
| Timeline |
SaltX Technology Lagged Returns
When evaluating SaltX Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SaltX Technology stock have on its future price. SaltX Technology 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, SaltX Technology autocorrelation shows the relationship between SaltX Technology stock current value and its past values and can show if there is a momentum factor associated with investing in SaltX Technology Holding.
Regressed Prices |
| Timeline |
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Other Information on Investing in SaltX Stock
SaltX Technology financial ratios help investors to determine whether SaltX 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 SaltX with respect to the benefits of owning SaltX Technology security.