Scibase AB (Sweden) Market Value
| SCIB Stock | SEK 0.42 0.03 7.69% |
| Symbol | Scibase |
Scibase 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 Scibase 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 Scibase AB.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Scibase AB on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Scibase AB or generate 0.0% return on investment in Scibase AB over 30 days. Scibase AB is related to or competes with Acarix AS, Episurf Medical, Xbrane Biopharma, Scandinavian Enviro, and Cantargia. SciBase Holding AB , a medical technology company, develops and sells skin cancer diagnostic instruments in Europe and i... More
Scibase 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 Scibase 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 Scibase AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.64 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 26.0 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 11.43 |
Scibase AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scibase AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scibase AB's standard deviation. In reality, there are many statistical measures that can use Scibase AB historical prices to predict the future Scibase AB's volatility.| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | 0.2567 | |||
| Total Risk Alpha | 0.098 | |||
| Sortino Ratio | 0.0414 | |||
| Treynor Ratio | (5.99) |
Scibase AB Backtested Returns
Scibase AB appears to be out of control, given 3 months investment horizon. Scibase AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0403, which indicates the firm had a 0.0403% return per unit of risk over the last 3 months. We have found thirty technical indicators for Scibase AB, which you can use to evaluate the volatility of the company. Please review Scibase AB's Coefficient Of Variation of 2119.9, semi deviation of 4.43, and Risk Adjusted Performance of 0.046 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scibase AB holds a performance score of 3. The entity has a beta of -0.0427, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scibase AB are expected to decrease at a much lower rate. During the bear market, Scibase AB is likely to outperform the market. Please check Scibase AB's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Scibase AB's existing price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Scibase AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Scibase AB 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 Scibase AB price movement. The serial correlation of -0.77 indicates that around 77.0% of current Scibase AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scibase AB lagged returns against current returns
Autocorrelation, which is Scibase 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 Scibase AB's stock expected returns. We can calculate the autocorrelation of Scibase AB returns to help us make a trade decision. For example, suppose you find that Scibase 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 |
Scibase 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 Scibase AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scibase AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scibase AB stock over time.
Current vs Lagged Prices |
| Timeline |
Scibase AB Lagged Returns
When evaluating Scibase AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scibase AB stock have on its future price. Scibase 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, Scibase AB autocorrelation shows the relationship between Scibase AB stock current value and its past values and can show if there is a momentum factor associated with investing in Scibase AB.
Regressed Prices |
| Timeline |
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Additional Tools for Scibase Stock Analysis
When running Scibase AB's price analysis, check to measure Scibase AB'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 Scibase AB is operating at the current time. Most of Scibase AB's value examination focuses on studying past and present price action to predict the probability of Scibase AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scibase AB's price. Additionally, you may evaluate how the addition of Scibase AB to your portfolios can decrease your overall portfolio volatility.