DistIT AB (Sweden) Market Value
| DIST Stock | SEK 2.24 0.01 0.44% |
| Symbol | DistIT |
DistIT 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 DistIT 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 DistIT AB.
| 10/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in DistIT AB on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding DistIT AB or generate 0.0% return on investment in DistIT AB over 60 days. DistIT AB is related to or competes with Alcadon Group, IAR Systems, Bulten AB, Dustin Group, and Generic Sweden. DistIT AB sells accessories for IT, mobility, home electronics, network, and data communications in the Nordic and Balti... More
DistIT 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 DistIT 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 DistIT AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 28.48 | |||
| Value At Risk | (9.40) | |||
| Potential Upside | 10.38 |
DistIT AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DistIT AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DistIT AB's standard deviation. In reality, there are many statistical measures that can use DistIT AB historical prices to predict the future DistIT AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 0.1508 |
DistIT AB Backtested Returns
DistIT AB secures Sharpe Ratio (or Efficiency) of -0.0573, which denotes the company had a -0.0573% return per unit of risk over the last 3 months. DistIT AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DistIT AB's Standard Deviation of 5.49, variance of 30.09, and Mean Deviation of 3.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.87, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning DistIT AB are expected to decrease slowly. On the other hand, during market turmoil, DistIT AB is expected to outperform it slightly. At this point, DistIT AB has a negative expected return of -0.31%. Please make sure to confirm DistIT AB's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if DistIT AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
DistIT AB has very good predictability. Overlapping area represents the amount of predictability between DistIT AB 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 DistIT AB price movement. The serial correlation of 0.85 indicates that around 85.0% of current DistIT AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
DistIT AB lagged returns against current returns
Autocorrelation, which is DistIT 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 DistIT AB's stock expected returns. We can calculate the autocorrelation of DistIT AB returns to help us make a trade decision. For example, suppose you find that DistIT 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 |
DistIT 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 DistIT AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DistIT AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DistIT AB stock over time.
Current vs Lagged Prices |
| Timeline |
DistIT AB Lagged Returns
When evaluating DistIT AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DistIT AB stock have on its future price. DistIT 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, DistIT AB autocorrelation shows the relationship between DistIT AB stock current value and its past values and can show if there is a momentum factor associated with investing in DistIT AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DistIT Stock Analysis
When running DistIT AB's price analysis, check to measure DistIT 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 DistIT AB is operating at the current time. Most of DistIT AB's value examination focuses on studying past and present price action to predict the probability of DistIT 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 DistIT AB's price. Additionally, you may evaluate how the addition of DistIT AB to your portfolios can decrease your overall portfolio volatility.