Sdiptech (Sweden) Market Value
| SDIP-B Stock | SEK 228.80 1.20 0.52% |
| Symbol | Sdiptech |
Sdiptech '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 Sdiptech'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 Sdiptech.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sdiptech on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sdiptech AB or generate 0.0% return on investment in Sdiptech over 30 days. Sdiptech is related to or competes with Bergman Beving, FM Mattsson, Systemair, and Garo AB. Sdiptech AB provides technical products and services for urban infrastructures in Sweden More
Sdiptech 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 Sdiptech'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 Sdiptech AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 9.74 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 2.39 |
Sdiptech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sdiptech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sdiptech's standard deviation. In reality, there are many statistical measures that can use Sdiptech historical prices to predict the future Sdiptech's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (1.50) |
Sdiptech AB Backtested Returns
Sdiptech AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the firm had a -0.26% return per unit of risk over the last 3 months. Sdiptech AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sdiptech's Risk Adjusted Performance of (0.20), coefficient of variation of (367.11), and Variance of 3.58 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sdiptech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sdiptech is expected to be smaller as well. At this point, Sdiptech AB has a negative expected return of -0.48%. Please make sure to validate Sdiptech's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Sdiptech AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Sdiptech AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sdiptech time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Sdiptech AB price movement. The serial correlation of -0.73 indicates that around 73.0% of current Sdiptech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 26.14 |
Sdiptech AB lagged returns against current returns
Autocorrelation, which is Sdiptech 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 Sdiptech's stock expected returns. We can calculate the autocorrelation of Sdiptech returns to help us make a trade decision. For example, suppose you find that Sdiptech 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 |
Sdiptech 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 Sdiptech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sdiptech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sdiptech stock over time.
Current vs Lagged Prices |
| Timeline |
Sdiptech Lagged Returns
When evaluating Sdiptech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sdiptech stock have on its future price. Sdiptech 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, Sdiptech autocorrelation shows the relationship between Sdiptech stock current value and its past values and can show if there is a momentum factor associated with investing in Sdiptech AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sdiptech Stock
Sdiptech financial ratios help investors to determine whether Sdiptech 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 Sdiptech with respect to the benefits of owning Sdiptech security.