Swedencare Publ (Sweden) Market Value
| SECARE Stock | SEK 49.60 0.94 1.93% |
| Symbol | Swedencare |
Swedencare Publ '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 Swedencare Publ'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 Swedencare Publ.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Swedencare Publ on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Swedencare publ AB or generate 0.0% return on investment in Swedencare Publ over 30 days. Swedencare Publ is related to or competes with Svenska Handelsbanken, Soder Sportfiske, Nexam Chemical, SaveLend Group, Arion Banki, USWE Sports, and High Coast. Swedencare AB , together with its subsidiaries, develops, manufactures, markets, and sells pet healthcare products More
Swedencare Publ 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 Swedencare Publ'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 Swedencare publ AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0924 | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.42 |
Swedencare Publ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Swedencare Publ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swedencare Publ's standard deviation. In reality, there are many statistical measures that can use Swedencare Publ historical prices to predict the future Swedencare Publ's volatility.| Risk Adjusted Performance | 0.1309 | |||
| Jensen Alpha | 0.3887 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1123 | |||
| Treynor Ratio | (0.48) |
Swedencare publ AB Backtested Returns
Swedencare Publ appears to be very steady, given 3 months investment horizon. Swedencare publ AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Swedencare publ AB, which you can use to evaluate the volatility of the company. Please review Swedencare Publ's Coefficient Of Variation of 612.39, semi deviation of 1.36, and Risk Adjusted Performance of 0.1309 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Swedencare Publ holds a performance score of 11. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Swedencare Publ are expected to decrease at a much lower rate. During the bear market, Swedencare Publ is likely to outperform the market. Please check Swedencare Publ's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Swedencare Publ's existing price patterns will revert.
Auto-correlation | -0.9 |
Excellent reverse predictability
Swedencare publ AB has excellent reverse predictability. Overlapping area represents the amount of predictability between Swedencare Publ time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Swedencare publ AB price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Swedencare Publ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Swedencare publ AB lagged returns against current returns
Autocorrelation, which is Swedencare Publ 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 Swedencare Publ's stock expected returns. We can calculate the autocorrelation of Swedencare Publ returns to help us make a trade decision. For example, suppose you find that Swedencare Publ 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 |
Swedencare Publ 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 Swedencare Publ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swedencare Publ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swedencare Publ stock over time.
Current vs Lagged Prices |
| Timeline |
Swedencare Publ Lagged Returns
When evaluating Swedencare Publ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swedencare Publ stock have on its future price. Swedencare Publ 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, Swedencare Publ autocorrelation shows the relationship between Swedencare Publ stock current value and its past values and can show if there is a momentum factor associated with investing in Swedencare publ AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Swedencare Stock
Swedencare Publ financial ratios help investors to determine whether Swedencare 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 Swedencare with respect to the benefits of owning Swedencare Publ security.