SVENSKA CELLULO (Germany) Market Value
| SCA Stock | 11.78 0.04 0.34% |
| Symbol | SVENSKA |
SVENSKA CELLULO '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 SVENSKA CELLULO'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 SVENSKA CELLULO.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in SVENSKA CELLULO on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding SVENSKA CELLULO B or generate 0.0% return on investment in SVENSKA CELLULO over 30 days. SVENSKA CELLULO is related to or competes with Svenska Cellulosa, Svenska Cellulosa, Wells Fargo, UFP Industries, Rayonier, and Boise Cascade. More
SVENSKA CELLULO 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 SVENSKA CELLULO'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 SVENSKA CELLULO B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.89 |
SVENSKA CELLULO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SVENSKA CELLULO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SVENSKA CELLULO's standard deviation. In reality, there are many statistical measures that can use SVENSKA CELLULO historical prices to predict the future SVENSKA CELLULO's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SVENSKA CELLULO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SVENSKA CELLULO B Backtested Returns
SVENSKA CELLULO B owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0885, which indicates the firm had a -0.0885% return per unit of volatility over the last 3 months. SVENSKA CELLULO B exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SVENSKA CELLULO's risk adjusted performance of (0.04), and Variance of 1.99 to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SVENSKA CELLULO's returns are expected to increase less than the market. However, during the bear market, the loss of holding SVENSKA CELLULO is expected to be smaller as well. At this point, SVENSKA CELLULO B has a negative expected return of -0.12%. Please make sure to validate SVENSKA CELLULO's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if SVENSKA CELLULO B performance from the past will be repeated at future time.
Auto-correlation | -0.67 |
Very good reverse predictability
SVENSKA CELLULO B has very good reverse predictability. Overlapping area represents the amount of predictability between SVENSKA CELLULO time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 SVENSKA CELLULO B price movement. The serial correlation of -0.67 indicates that around 67.0% of current SVENSKA CELLULO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
SVENSKA CELLULO B lagged returns against current returns
Autocorrelation, which is SVENSKA CELLULO 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 SVENSKA CELLULO's stock expected returns. We can calculate the autocorrelation of SVENSKA CELLULO returns to help us make a trade decision. For example, suppose you find that SVENSKA CELLULO 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 |
SVENSKA CELLULO 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 SVENSKA CELLULO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SVENSKA CELLULO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SVENSKA CELLULO stock over time.
Current vs Lagged Prices |
| Timeline |
SVENSKA CELLULO Lagged Returns
When evaluating SVENSKA CELLULO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SVENSKA CELLULO stock have on its future price. SVENSKA CELLULO 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, SVENSKA CELLULO autocorrelation shows the relationship between SVENSKA CELLULO stock current value and its past values and can show if there is a momentum factor associated with investing in SVENSKA CELLULO B .
Regressed Prices |
| Timeline |
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Additional Tools for SVENSKA Stock Analysis
When running SVENSKA CELLULO's price analysis, check to measure SVENSKA CELLULO'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 SVENSKA CELLULO is operating at the current time. Most of SVENSKA CELLULO's value examination focuses on studying past and present price action to predict the probability of SVENSKA CELLULO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SVENSKA CELLULO's price. Additionally, you may evaluate how the addition of SVENSKA CELLULO to your portfolios can decrease your overall portfolio volatility.