AB Electrolux (Sweden) Market Value
| ELUX-A Stock | SEK 105.00 4.00 3.96% |
| Symbol | ELUX-A |
AB Electrolux '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 AB Electrolux'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 AB Electrolux.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in AB Electrolux on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding AB Electrolux or generate 0.0% return on investment in AB Electrolux over 90 days. AB Electrolux is related to or competes with AB Electrolux, Tele2 AB, Husqvarna, Kinnevik Investment, and Industrivarden. AB Electrolux , together with its subsidiaries, manufactures and sells household appliances and appliances for professio... More
AB Electrolux 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 AB Electrolux'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 AB Electrolux upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.81 |
AB Electrolux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Electrolux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Electrolux's standard deviation. In reality, there are many statistical measures that can use AB Electrolux historical prices to predict the future AB Electrolux's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.21) |
AB Electrolux Backtested Returns
AB Electrolux retains Efficiency (Sharpe Ratio) of -0.0423, which signifies that the company had a -0.0423% return per unit of price deviation over the last 3 months. AB Electrolux exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Electrolux's Information Ratio of (0.10), variance of 6.41, and Market Risk Adjusted Performance of (0.20) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AB Electrolux's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Electrolux is expected to be smaller as well. At this point, AB Electrolux has a negative expected return of -0.11%. Please make sure to confirm AB Electrolux's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if AB Electrolux performance from the past will be repeated sooner or later.
Auto-correlation | 0.21 |
Weak predictability
AB Electrolux has weak predictability. Overlapping area represents the amount of predictability between AB Electrolux time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 AB Electrolux price movement. The serial correlation of 0.21 indicates that over 21.0% of current AB Electrolux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 24.38 |
AB Electrolux lagged returns against current returns
Autocorrelation, which is AB Electrolux 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 AB Electrolux's stock expected returns. We can calculate the autocorrelation of AB Electrolux returns to help us make a trade decision. For example, suppose you find that AB Electrolux 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 |
AB Electrolux 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 AB Electrolux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Electrolux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Electrolux stock over time.
Current vs Lagged Prices |
| Timeline |
AB Electrolux Lagged Returns
When evaluating AB Electrolux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Electrolux stock have on its future price. AB Electrolux 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, AB Electrolux autocorrelation shows the relationship between AB Electrolux stock current value and its past values and can show if there is a momentum factor associated with investing in AB Electrolux.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ELUX-A Stock
AB Electrolux financial ratios help investors to determine whether ELUX-A 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 ELUX-A with respect to the benefits of owning AB Electrolux security.