Straumann Holding (Switzerland) Market Value
| STMN Stock | CHF 113.85 0.50 0.44% |
| Symbol | Straumann |
Straumann Holding '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 Straumann Holding'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 Straumann Holding.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Straumann Holding on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Straumann Holding AG or generate 0.0% return on investment in Straumann Holding over 90 days. Straumann Holding is related to or competes with Sonova H, Sika AG, Lonza Group, Givaudan, and Partners Group. Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide More
Straumann Holding 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 Straumann Holding'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 Straumann Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.01 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.28 |
Straumann Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Straumann Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Straumann Holding's standard deviation. In reality, there are many statistical measures that can use Straumann Holding historical prices to predict the future Straumann Holding's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 1.08 |
Straumann Holding Backtested Returns
Straumann Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0551, which indicates the firm had a -0.0551% return per unit of risk over the last 3 months. Straumann Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Straumann Holding's Variance of 3.97, coefficient of variation of (1,814), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Straumann Holding are expected to decrease at a much lower rate. During the bear market, Straumann Holding is likely to outperform the market. At this point, Straumann Holding has a negative expected return of -0.11%. Please make sure to validate Straumann Holding's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Straumann Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Straumann Holding AG has excellent reverse predictability. Overlapping area represents the amount of predictability between Straumann Holding time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Straumann Holding price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Straumann Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 54.86 |
Straumann Holding lagged returns against current returns
Autocorrelation, which is Straumann Holding 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 Straumann Holding's stock expected returns. We can calculate the autocorrelation of Straumann Holding returns to help us make a trade decision. For example, suppose you find that Straumann Holding 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 |
Straumann Holding 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 Straumann Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Straumann Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Straumann Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Straumann Holding Lagged Returns
When evaluating Straumann Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Straumann Holding stock have on its future price. Straumann Holding 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, Straumann Holding autocorrelation shows the relationship between Straumann Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Straumann Holding AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Straumann Stock Analysis
When running Straumann Holding's price analysis, check to measure Straumann Holding'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 Straumann Holding is operating at the current time. Most of Straumann Holding's value examination focuses on studying past and present price action to predict the probability of Straumann Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Straumann Holding's price. Additionally, you may evaluate how the addition of Straumann Holding to your portfolios can decrease your overall portfolio volatility.