Karolinska Development (Sweden) Market Value
| KDEV Stock | SEK 1.11 0.09 8.82% |
| Symbol | Karolinska |
Karolinska Development '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 Karolinska Development'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 Karolinska Development.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Karolinska Development on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Karolinska Development AB or generate 0.0% return on investment in Karolinska Development over 360 days. Karolinska Development is related to or competes with Oncopeptides, Cantargia, BioInvent International, Moberg Pharma, and BioArctic. Karolinska Development AB is a venture capital firm specializing in investments in growth capital, seed stage, and early... More
Karolinska Development 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 Karolinska Development'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 Karolinska Development AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 18.09 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 4.07 |
Karolinska Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karolinska Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karolinska Development's standard deviation. In reality, there are many statistical measures that can use Karolinska Development historical prices to predict the future Karolinska Development's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (3.54) |
Karolinska Development Backtested Returns
Karolinska Development has Sharpe Ratio of -0.0334, which conveys that the firm had a -0.0334% return per unit of risk over the last 3 months. Karolinska Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Karolinska Development's Mean Deviation of 2.14, risk adjusted performance of (0.03), and Standard Deviation of 3.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0525, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Karolinska Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Karolinska Development is expected to be smaller as well. At this point, Karolinska Development has a negative expected return of -0.11%. Please make sure to verify Karolinska Development's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Karolinska Development performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Karolinska Development AB has very good predictability. Overlapping area represents the amount of predictability between Karolinska Development time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Karolinska Development price movement. The serial correlation of 0.82 indicates that around 82.0% of current Karolinska Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Karolinska Development lagged returns against current returns
Autocorrelation, which is Karolinska Development 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 Karolinska Development's stock expected returns. We can calculate the autocorrelation of Karolinska Development returns to help us make a trade decision. For example, suppose you find that Karolinska Development 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 |
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Karolinska Development 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 Karolinska Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karolinska Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karolinska Development stock over time.
Current vs Lagged Prices |
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Karolinska Development Lagged Returns
When evaluating Karolinska Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karolinska Development stock have on its future price. Karolinska Development 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, Karolinska Development autocorrelation shows the relationship between Karolinska Development stock current value and its past values and can show if there is a momentum factor associated with investing in Karolinska Development AB.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Karolinska Stock Analysis
When running Karolinska Development's price analysis, check to measure Karolinska Development'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 Karolinska Development is operating at the current time. Most of Karolinska Development's value examination focuses on studying past and present price action to predict the probability of Karolinska Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karolinska Development's price. Additionally, you may evaluate how the addition of Karolinska Development to your portfolios can decrease your overall portfolio volatility.