Saniona AB (Sweden) Market Value
| SANION Stock | SEK 6.72 0.51 7.05% |
| Symbol | Saniona |
Saniona 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 Saniona 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 Saniona AB.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Saniona AB on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Saniona AB or generate 0.0% return on investment in Saniona AB over 90 days. Saniona AB is related to or competes with GomSpace Group, Hansa Biopharma, Zealand Pharma, and BioInvent International. Saniona AB , a research and development company, engages in the development of drugs for diseases of the central nervous... More
Saniona 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 Saniona 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 Saniona AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.73 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 26.47 | |||
| Value At Risk | (6.79) | |||
| Potential Upside | 10.3 |
Saniona AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saniona AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saniona AB's standard deviation. In reality, there are many statistical measures that can use Saniona AB historical prices to predict the future Saniona AB's volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.1993 | |||
| Total Risk Alpha | 0.8758 | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | 19.05 |
Saniona AB Backtested Returns
Saniona AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0215, which indicates the firm had a -0.0215 % return per unit of risk over the last 3 months. Saniona AB exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saniona AB's Risk Adjusted Performance of 0.0419, semi deviation of 4.56, and Coefficient Of Variation of 2599.87 to confirm the risk estimate we provide. The entity has a beta of 0.0104, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saniona AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saniona AB is expected to be smaller as well. At this point, Saniona AB has a negative expected return of -0.11%. Please make sure to validate Saniona AB's skewness, and the relationship between the value at risk and day median price , to decide if Saniona AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Saniona AB has average predictability. Overlapping area represents the amount of predictability between Saniona 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 Saniona AB price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Saniona AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Saniona AB lagged returns against current returns
Autocorrelation, which is Saniona 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 Saniona AB's stock expected returns. We can calculate the autocorrelation of Saniona AB returns to help us make a trade decision. For example, suppose you find that Saniona 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 |
Saniona 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 Saniona AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saniona AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saniona AB stock over time.
Current vs Lagged Prices |
| Timeline |
Saniona AB Lagged Returns
When evaluating Saniona AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saniona AB stock have on its future price. Saniona 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, Saniona AB autocorrelation shows the relationship between Saniona AB stock current value and its past values and can show if there is a momentum factor associated with investing in Saniona AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Saniona Stock
Saniona AB financial ratios help investors to determine whether Saniona 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 Saniona with respect to the benefits of owning Saniona AB security.