Addnode Group (Sweden) Market Value
| ANOD-B Stock | SEK 100.50 0.40 0.40% |
| Symbol | Addnode |
Addnode Group '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 Addnode Group'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 Addnode Group.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Addnode Group on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Addnode Group AB or generate 0.0% return on investment in Addnode Group over 360 days. Addnode Group is related to or competes with Lagercrantz Group, Addtech AB, Vitec Software, AddLife AB, and Lifco AB. Addnode Group AB provides software and services for the design, construction, product data information, project collabor... More
Addnode Group 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 Addnode Group'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 Addnode Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.31 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.76 |
Addnode Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addnode Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addnode Group's standard deviation. In reality, there are many statistical measures that can use Addnode Group historical prices to predict the future Addnode Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 1.89 |
Addnode Group AB Backtested Returns
Addnode Group AB secures Sharpe Ratio (or Efficiency) of -0.0499, which signifies that the company had a -0.0499% return per unit of standard deviation over the last 3 months. Addnode Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addnode Group's mean deviation of 1.36, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0618, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Addnode Group are expected to decrease at a much lower rate. During the bear market, Addnode Group is likely to outperform the market. At this point, Addnode Group AB has a negative expected return of -0.0954%. Please make sure to confirm Addnode Group's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Addnode Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Addnode Group AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Addnode Group time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Addnode Group AB price movement. The serial correlation of -0.74 indicates that around 74.0% of current Addnode Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 59.55 |
Addnode Group AB lagged returns against current returns
Autocorrelation, which is Addnode Group 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 Addnode Group's stock expected returns. We can calculate the autocorrelation of Addnode Group returns to help us make a trade decision. For example, suppose you find that Addnode Group 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 |
Addnode Group 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 Addnode Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addnode Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addnode Group stock over time.
Current vs Lagged Prices |
| Timeline |
Addnode Group Lagged Returns
When evaluating Addnode Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addnode Group stock have on its future price. Addnode Group 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, Addnode Group autocorrelation shows the relationship between Addnode Group stock current value and its past values and can show if there is a momentum factor associated with investing in Addnode Group AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in Addnode Stock
Addnode Group financial ratios help investors to determine whether Addnode 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 Addnode with respect to the benefits of owning Addnode Group security.