BillerudKorsnas (Sweden) Market Value

BILL Stock  SEK 99.25  3.10  3.22%   
BillerudKorsnas' market value is the price at which a share of BillerudKorsnas trades on a public exchange. It measures the collective expectations of BillerudKorsnas AB investors about its performance. BillerudKorsnas is selling for under 99.25 as of the 4th of December 2024; that is 3.22 percent increase since the beginning of the trading day. The stock's last reported lowest price was 96.0.
With this module, you can estimate the performance of a buy and hold strategy of BillerudKorsnas AB and determine expected loss or profit from investing in BillerudKorsnas over a given investment horizon. Check out BillerudKorsnas Correlation, BillerudKorsnas Volatility and BillerudKorsnas Alpha and Beta module to complement your research on BillerudKorsnas.
Symbol

Please note, there is a significant difference between BillerudKorsnas' value and its price as these two are different measures arrived at by different means. Investors typically determine if BillerudKorsnas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BillerudKorsnas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BillerudKorsnas '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 BillerudKorsnas' 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 BillerudKorsnas.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in BillerudKorsnas on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding BillerudKorsnas AB or generate 0.0% return on investment in BillerudKorsnas over 60 days. BillerudKorsnas is related to or competes with Holmen AB, Svenska Cellulosa, Husqvarna, Alfa Laval, and Axfood AB. BillerudKorsns AB provides fiber based packaging materials and packaging solutions in Sweden and internationally More

BillerudKorsnas 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 BillerudKorsnas' 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 BillerudKorsnas AB upside and downside potential and time the market with a certain degree of confidence.

BillerudKorsnas Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BillerudKorsnas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BillerudKorsnas' standard deviation. In reality, there are many statistical measures that can use BillerudKorsnas historical prices to predict the future BillerudKorsnas' volatility.
Hype
Prediction
LowEstimatedHigh
97.1199.25101.39
Details
Intrinsic
Valuation
LowRealHigh
85.2087.34109.18
Details
Naive
Forecast
LowNextHigh
86.0088.1490.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
96.0398.24100.46
Details

BillerudKorsnas AB Backtested Returns

BillerudKorsnas AB secures Sharpe Ratio (or Efficiency) of -0.0458, which signifies that the company had a -0.0458% return per unit of risk over the last 3 months. BillerudKorsnas AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BillerudKorsnas' Standard Deviation of 2.14, risk adjusted performance of (0.04), and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BillerudKorsnas' returns are expected to increase less than the market. However, during the bear market, the loss of holding BillerudKorsnas is expected to be smaller as well. At this point, BillerudKorsnas AB has a negative expected return of -0.098%. Please make sure to confirm BillerudKorsnas' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if BillerudKorsnas AB performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.16  

Very weak predictability

BillerudKorsnas AB has very weak predictability. Overlapping area represents the amount of predictability between BillerudKorsnas time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 BillerudKorsnas AB price movement. The serial correlation of 0.16 indicates that over 16.0% of current BillerudKorsnas price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.06
Residual Average0.0
Price Variance5.01

BillerudKorsnas AB lagged returns against current returns

Autocorrelation, which is BillerudKorsnas 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 BillerudKorsnas' stock expected returns. We can calculate the autocorrelation of BillerudKorsnas returns to help us make a trade decision. For example, suppose you find that BillerudKorsnas 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  

BillerudKorsnas 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 BillerudKorsnas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BillerudKorsnas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BillerudKorsnas stock over time.
   Current vs Lagged Prices   
       Timeline  

BillerudKorsnas Lagged Returns

When evaluating BillerudKorsnas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BillerudKorsnas stock have on its future price. BillerudKorsnas 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, BillerudKorsnas autocorrelation shows the relationship between BillerudKorsnas stock current value and its past values and can show if there is a momentum factor associated with investing in BillerudKorsnas AB.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for BillerudKorsnas Stock Analysis

When running BillerudKorsnas' price analysis, check to measure BillerudKorsnas' 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 BillerudKorsnas is operating at the current time. Most of BillerudKorsnas' value examination focuses on studying past and present price action to predict the probability of BillerudKorsnas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BillerudKorsnas' price. Additionally, you may evaluate how the addition of BillerudKorsnas to your portfolios can decrease your overall portfolio volatility.