Spago Nanomedical (Sweden) Market Value
| SPAGO Stock | SEK 0.21 0.01 4.55% |
| Symbol | Spago |
Spago Nanomedical '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 Spago Nanomedical'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 Spago Nanomedical.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Spago Nanomedical on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Spago Nanomedical AB or generate 0.0% return on investment in Spago Nanomedical over 720 days. Spago Nanomedical is related to or competes with Alligator Bioscience, Abliva AB, Ascelia Pharma, and Saniona AB. Spago Nanomedical AB develops nanomaterials for cancer diagnostics and treatment More
Spago Nanomedical 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 Spago Nanomedical'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 Spago Nanomedical AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Spago Nanomedical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spago Nanomedical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spago Nanomedical's standard deviation. In reality, there are many statistical measures that can use Spago Nanomedical historical prices to predict the future Spago Nanomedical's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.0943 | |||
| Total Risk Alpha | 0.0972 | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | 0.2566 |
Spago Nanomedical Backtested Returns
Spago Nanomedical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0086, which indicates the firm had a -0.0086% return per unit of risk over the last 3 months. Spago Nanomedical AB exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spago Nanomedical's Risk Adjusted Performance of 0.0266, coefficient of variation of 4396.0, and Semi Deviation of 4.02 to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spago Nanomedical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spago Nanomedical is expected to be smaller as well. At this point, Spago Nanomedical has a negative expected return of -0.0414%. Please make sure to validate Spago Nanomedical's jensen alpha and the relationship between the value at risk and day median price , to decide if Spago Nanomedical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Spago Nanomedical AB has good predictability. Overlapping area represents the amount of predictability between Spago Nanomedical time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 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 Spago Nanomedical price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Spago Nanomedical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spago Nanomedical lagged returns against current returns
Autocorrelation, which is Spago Nanomedical 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 Spago Nanomedical's stock expected returns. We can calculate the autocorrelation of Spago Nanomedical returns to help us make a trade decision. For example, suppose you find that Spago Nanomedical 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 |
Spago Nanomedical 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 Spago Nanomedical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spago Nanomedical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spago Nanomedical stock over time.
Current vs Lagged Prices |
| Timeline |
Spago Nanomedical Lagged Returns
When evaluating Spago Nanomedical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spago Nanomedical stock have on its future price. Spago Nanomedical 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, Spago Nanomedical autocorrelation shows the relationship between Spago Nanomedical stock current value and its past values and can show if there is a momentum factor associated with investing in Spago Nanomedical AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Spago Stock Analysis
When running Spago Nanomedical's price analysis, check to measure Spago Nanomedical'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 Spago Nanomedical is operating at the current time. Most of Spago Nanomedical's value examination focuses on studying past and present price action to predict the probability of Spago Nanomedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spago Nanomedical's price. Additionally, you may evaluate how the addition of Spago Nanomedical to your portfolios can decrease your overall portfolio volatility.