Climeon AB (Sweden) Market Value
| CLIME-B Stock | SEK 0.41 0.04 10.81% |
| Symbol | Climeon |
Climeon 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 Climeon 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 Climeon AB.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Climeon AB on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Climeon AB or generate 0.0% return on investment in Climeon AB over 720 days. Climeon AB is related to or competes with Minesto AB, SolTech Energy, Arise Windpower, and Oncopeptides. Climeon AB provides heat power systems in Sweden, Europe, Asia, and the United States More
Climeon 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 Climeon 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 Climeon AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.76 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 6.12 |
Climeon AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Climeon AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Climeon AB's standard deviation. In reality, there are many statistical measures that can use Climeon AB historical prices to predict the future Climeon AB's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 0.8702 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Climeon AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Climeon AB Backtested Returns
Climeon AB secures Sharpe Ratio (or Efficiency) of -0.0526, which signifies that the company had a -0.0526% return per unit of risk over the last 3 months. Climeon AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Climeon AB's Mean Deviation of 3.56, risk adjusted performance of (0.02), and Standard Deviation of 5.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Climeon AB are expected to decrease at a much lower rate. During the bear market, Climeon AB is likely to outperform the market. At this point, Climeon AB has a negative expected return of -0.29%. Please make sure to confirm Climeon AB's jensen alpha, kurtosis, price action indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Climeon AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Climeon AB has good predictability. Overlapping area represents the amount of predictability between Climeon AB time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Climeon AB price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Climeon AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Climeon AB lagged returns against current returns
Autocorrelation, which is Climeon 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 Climeon AB's stock expected returns. We can calculate the autocorrelation of Climeon AB returns to help us make a trade decision. For example, suppose you find that Climeon 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 |
Climeon 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 Climeon AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Climeon AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Climeon AB stock over time.
Current vs Lagged Prices |
| Timeline |
Climeon AB Lagged Returns
When evaluating Climeon AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Climeon AB stock have on its future price. Climeon 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, Climeon AB autocorrelation shows the relationship between Climeon AB stock current value and its past values and can show if there is a momentum factor associated with investing in Climeon AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Climeon Stock
Climeon AB financial ratios help investors to determine whether Climeon 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 Climeon with respect to the benefits of owning Climeon AB security.