SkiStar AB (Sweden) Market Value
| SKIS-B Stock | SEK 168.00 1.40 0.83% |
| Symbol | SkiStar |
SkiStar 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 SkiStar 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 SkiStar AB.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in SkiStar AB on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding SkiStar AB or generate 0.0% return on investment in SkiStar AB over 720 days. SkiStar AB is related to or competes with Truecaller, Dedicare, AddLife AB, and Desenio Group. SkiStar AB owns and operates alpine ski resorts in Sweden, Norway, and Austria More
SkiStar 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 SkiStar 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 SkiStar AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.11 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.15 |
SkiStar AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SkiStar AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SkiStar AB's standard deviation. In reality, there are many statistical measures that can use SkiStar AB historical prices to predict the future SkiStar AB's volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.0661 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.28) |
SkiStar AB Backtested Returns
At this point, SkiStar AB is very steady. SkiStar AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SkiStar AB, which you can use to evaluate the volatility of the company. Please validate SkiStar AB's Coefficient Of Variation of 2419.7, semi deviation of 1.31, and Risk Adjusted Performance of 0.0359 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. SkiStar AB has a performance score of 8 on a scale of 0 to 100. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SkiStar AB are expected to decrease at a much lower rate. During the bear market, SkiStar AB is likely to outperform the market. SkiStar AB right now has a risk of 1.27%. Please validate SkiStar AB standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if SkiStar AB will be following its existing price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
SkiStar AB has virtually no predictability. Overlapping area represents the amount of predictability between SkiStar AB time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 SkiStar AB price movement. The serial correlation of 0.01 indicates that just 1.0% of current SkiStar AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 225.66 |
SkiStar AB lagged returns against current returns
Autocorrelation, which is SkiStar 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 SkiStar AB's stock expected returns. We can calculate the autocorrelation of SkiStar AB returns to help us make a trade decision. For example, suppose you find that SkiStar 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 |
SkiStar 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 SkiStar AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SkiStar AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SkiStar AB stock over time.
Current vs Lagged Prices |
| Timeline |
SkiStar AB Lagged Returns
When evaluating SkiStar AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SkiStar AB stock have on its future price. SkiStar 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, SkiStar AB autocorrelation shows the relationship between SkiStar AB stock current value and its past values and can show if there is a momentum factor associated with investing in SkiStar AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in SkiStar Stock
SkiStar AB financial ratios help investors to determine whether SkiStar 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 SkiStar with respect to the benefits of owning SkiStar AB security.