Synsam AB (Sweden) Market Value
| SYNSAM Stock | 43.00 0.70 1.65% |
| Symbol | Synsam |
Synsam 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 Synsam 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 Synsam AB.
| 06/26/2024 |
| 12/23/2024 |
If you would invest 0.00 in Synsam AB on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Synsam AB or generate 0.0% return on investment in Synsam AB over 180 days. Synsam AB is related to or competes with Nordnet AB, Storskogen Group, Truecaller, and Peab AB. More
Synsam 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 Synsam 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 Synsam AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.77 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 3.01 |
Synsam AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synsam AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synsam AB's standard deviation. In reality, there are many statistical measures that can use Synsam AB historical prices to predict the future Synsam AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.51) |
Synsam AB Backtested Returns
Synsam AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0876, which indicates the firm had a -0.0876% return per unit of risk over the last 3 months. Synsam AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synsam AB's Risk Adjusted Performance of (0.05), coefficient of variation of (1,407), and Variance of 4.2 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Synsam AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Synsam AB is expected to be smaller as well. At this point, Synsam AB has a negative expected return of -0.18%. Please make sure to validate Synsam AB's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Synsam AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Synsam AB has modest predictability. Overlapping area represents the amount of predictability between Synsam AB time series from 26th of June 2024 to 24th of September 2024 and 24th of September 2024 to 23rd 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 Synsam AB price movement. The serial correlation of 0.52 indicates that about 52.0% of current Synsam AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 8.23 |
Synsam AB lagged returns against current returns
Autocorrelation, which is Synsam 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 Synsam AB's stock expected returns. We can calculate the autocorrelation of Synsam AB returns to help us make a trade decision. For example, suppose you find that Synsam 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 |
Synsam 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 Synsam AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synsam AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synsam AB stock over time.
Current vs Lagged Prices |
| Timeline |
Synsam AB Lagged Returns
When evaluating Synsam AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synsam AB stock have on its future price. Synsam 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, Synsam AB autocorrelation shows the relationship between Synsam AB stock current value and its past values and can show if there is a momentum factor associated with investing in Synsam AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Synsam Stock
Synsam AB financial ratios help investors to determine whether Synsam 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 Synsam with respect to the benefits of owning Synsam AB security.