Sectra AB (Sweden) Market Value
| SECT-B Stock | SEK 235.70 0.70 0.30% |
| Symbol | Sectra |
Sectra 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 Sectra 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 Sectra AB.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Sectra AB on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Sectra AB or generate 0.0% return on investment in Sectra AB over 30 days. Sectra AB is related to or competes with Vitrolife, Beijer Ref, Biotage AB, CellaVision, and Addtech AB. Sectra AB provides IT systems for managing medical images and patient information related to diagnostic imaging More
Sectra 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 Sectra 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 Sectra AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.03 |
Sectra AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sectra AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sectra AB's standard deviation. In reality, there are many statistical measures that can use Sectra AB historical prices to predict the future Sectra AB's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.47) |
Sectra AB Backtested Returns
Sectra AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19 % return per unit of risk over the last 3 months. Sectra AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sectra AB's Coefficient Of Variation of (715.42), variance of 2.44, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sectra AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sectra AB is expected to be smaller as well. At this point, Sectra AB has a negative expected return of -0.31%. Please make sure to validate Sectra AB's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sectra AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Sectra AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sectra AB time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sectra AB price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Sectra AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 76.34 |
Sectra AB lagged returns against current returns
Autocorrelation, which is Sectra 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 Sectra AB's stock expected returns. We can calculate the autocorrelation of Sectra AB returns to help us make a trade decision. For example, suppose you find that Sectra 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 |
Sectra 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 Sectra AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sectra AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sectra AB stock over time.
Current vs Lagged Prices |
| Timeline |
Sectra AB Lagged Returns
When evaluating Sectra AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sectra AB stock have on its future price. Sectra 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, Sectra AB autocorrelation shows the relationship between Sectra AB stock current value and its past values and can show if there is a momentum factor associated with investing in Sectra AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sectra Stock
Sectra AB financial ratios help investors to determine whether Sectra 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 Sectra with respect to the benefits of owning Sectra AB security.