Scandinavian Brake (Denmark) Market Value
| SBS Stock | DKK 12.20 0.00 0.00% |
| Symbol | Scandinavian |
Scandinavian Brake '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 Scandinavian Brake'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 Scandinavian Brake.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Scandinavian Brake on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Scandinavian Brake Systems or generate 0.0% return on investment in Scandinavian Brake over 30 days. Scandinavian Brake is related to or competes with Broendbyernes, Matas AS, NKT AS, and Jyske Bank. Scandinavian Brake Systems AS, together with its subsidiaries, sources, completes, stocks, markets, and distributes spar... More
Scandinavian Brake 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 Scandinavian Brake'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 Scandinavian Brake Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0256 | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.55 |
Scandinavian Brake Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandinavian Brake's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandinavian Brake's standard deviation. In reality, there are many statistical measures that can use Scandinavian Brake historical prices to predict the future Scandinavian Brake's volatility.| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | 0.0561 | |||
| Total Risk Alpha | 0.0191 | |||
| Sortino Ratio | 0.0186 | |||
| Treynor Ratio | (1.27) |
Scandinavian Brake Backtested Returns
As of now, Scandinavian Stock is not too volatile. Scandinavian Brake owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0458, which indicates the firm had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Scandinavian Brake Systems, which you can use to evaluate the volatility of the company. Please validate Scandinavian Brake's Risk Adjusted Performance of 0.044, coefficient of variation of 1972.03, and Semi Deviation of 1.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.0586%. Scandinavian Brake has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0435, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scandinavian Brake are expected to decrease at a much lower rate. During the bear market, Scandinavian Brake is likely to outperform the market. Scandinavian Brake right now has a risk of 1.28%. Please validate Scandinavian Brake coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Scandinavian Brake will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Scandinavian Brake Systems has no correlation between past and present. Overlapping area represents the amount of predictability between Scandinavian Brake time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Scandinavian Brake price movement. The serial correlation of 0.0 indicates that just 0.0% of current Scandinavian Brake price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandinavian Brake lagged returns against current returns
Autocorrelation, which is Scandinavian Brake 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 Scandinavian Brake's stock expected returns. We can calculate the autocorrelation of Scandinavian Brake returns to help us make a trade decision. For example, suppose you find that Scandinavian Brake 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 |
Scandinavian Brake 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 Scandinavian Brake stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandinavian Brake stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandinavian Brake stock over time.
Current vs Lagged Prices |
| Timeline |
Scandinavian Brake Lagged Returns
When evaluating Scandinavian Brake's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandinavian Brake stock have on its future price. Scandinavian Brake 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, Scandinavian Brake autocorrelation shows the relationship between Scandinavian Brake stock current value and its past values and can show if there is a momentum factor associated with investing in Scandinavian Brake Systems.
Regressed Prices |
| Timeline |
Pair Trading with Scandinavian Brake
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Scandinavian Brake position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Scandinavian Brake will appreciate offsetting losses from the drop in the long position's value.Moving against Scandinavian Stock
The ability to find closely correlated positions to Scandinavian Brake could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandinavian Brake when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Scandinavian Brake - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Scandinavian Brake Systems to buy it.
The correlation of Scandinavian Brake is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scandinavian Brake moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandinavian Brake moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Scandinavian Brake can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Scandinavian Stock
Scandinavian Brake financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Brake security.