Attendo AB (Sweden) Market Value
| ATT Stock | SEK 52.20 0.10 0.19% |
| Symbol | Attendo |
Attendo 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 Attendo 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 Attendo AB.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Attendo AB on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Attendo AB or generate 0.0% return on investment in Attendo AB over 30 days. Attendo AB is related to or competes with Humana AB, Ambea AB, Dometic Group, Bonava AB, and Bravida Holding. Attendo AB provides financed care services in Sweden, Finland, Norway, and Denmark More
Attendo 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 Attendo 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 Attendo AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0093 | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 2.26 |
Attendo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Attendo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Attendo AB's standard deviation. In reality, there are many statistical measures that can use Attendo AB historical prices to predict the future Attendo AB's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.1259 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | (15.82) |
Attendo AB Backtested Returns
Currently, Attendo AB is very steady. Attendo AB secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Attendo AB, which you can use to evaluate the volatility of the firm. Please confirm Attendo AB's Risk Adjusted Performance of 0.0904, mean deviation of 0.8125, and Downside Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Attendo AB has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0079, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Attendo AB are expected to decrease at a much lower rate. During the bear market, Attendo AB is likely to outperform the market. Attendo AB right now shows a risk of 1.14%. Please confirm Attendo AB semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Attendo AB will be following its price patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Attendo AB has excellent reverse predictability. Overlapping area represents the amount of predictability between Attendo AB time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Attendo AB price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Attendo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Attendo AB lagged returns against current returns
Autocorrelation, which is Attendo 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 Attendo AB's stock expected returns. We can calculate the autocorrelation of Attendo AB returns to help us make a trade decision. For example, suppose you find that Attendo 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 |
Attendo 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 Attendo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Attendo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Attendo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Attendo AB Lagged Returns
When evaluating Attendo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Attendo AB stock have on its future price. Attendo 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, Attendo AB autocorrelation shows the relationship between Attendo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Attendo AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Attendo Stock Analysis
When running Attendo AB's price analysis, check to measure Attendo AB'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 Attendo AB is operating at the current time. Most of Attendo AB's value examination focuses on studying past and present price action to predict the probability of Attendo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attendo AB's price. Additionally, you may evaluate how the addition of Attendo AB to your portfolios can decrease your overall portfolio volatility.