Acrinova (Sweden) Market Value
| ACRI-A Stock | SEK 9.20 0.10 1.10% |
| Symbol | Acrinova |
Acrinova '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 Acrinova'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 Acrinova.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Acrinova on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Acrinova AB or generate 0.0% return on investment in Acrinova over 30 days. Acrinova is related to or competes with Acrinova, K2A Knaust, Eastnine, Fastator, and Brinova Fastigheter. Acrinova AB owns, develops, and manages real estate properties in southern Sweden More
Acrinova 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 Acrinova'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 Acrinova AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.98 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 38.98 | |||
| Value At Risk | (8.50) | |||
| Potential Upside | 9.48 |
Acrinova Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acrinova's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acrinova's standard deviation. In reality, there are many statistical measures that can use Acrinova historical prices to predict the future Acrinova's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.4633 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.03) |
Acrinova AB Backtested Returns
At this point, Acrinova is moderately volatile. Acrinova AB secures Sharpe Ratio (or Efficiency) of 0.0161, which signifies that the company had a 0.0161% return per unit of risk over the last 3 months. We have found thirty technical indicators for Acrinova AB, which you can use to evaluate the volatility of the firm. Please confirm Acrinova's Downside Deviation of 6.98, risk adjusted performance of 0.0211, and Mean Deviation of 3.86 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Acrinova has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -2.92, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Acrinova are expected to decrease by larger amounts. On the other hand, during market turmoil, Acrinova is expected to outperform it. Acrinova AB right now shows a risk of 6.23%. Please confirm Acrinova AB jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Acrinova AB will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Acrinova AB has weak predictability. Overlapping area represents the amount of predictability between Acrinova time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Acrinova AB price movement. The serial correlation of 0.24 indicates that over 24.0% of current Acrinova price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Acrinova AB lagged returns against current returns
Autocorrelation, which is Acrinova 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 Acrinova's stock expected returns. We can calculate the autocorrelation of Acrinova returns to help us make a trade decision. For example, suppose you find that Acrinova 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 |
Acrinova 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 Acrinova stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acrinova stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acrinova stock over time.
Current vs Lagged Prices |
| Timeline |
Acrinova Lagged Returns
When evaluating Acrinova's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acrinova stock have on its future price. Acrinova 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, Acrinova autocorrelation shows the relationship between Acrinova stock current value and its past values and can show if there is a momentum factor associated with investing in Acrinova AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Acrinova Stock
Acrinova financial ratios help investors to determine whether Acrinova 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 Acrinova with respect to the benefits of owning Acrinova security.