Lindab International (Sweden) Market Value
| LIAB Stock | SEK 227.60 0.40 0.18% |
| Symbol | Lindab |
Lindab International '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 Lindab International'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 Lindab International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Lindab International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Lindab International AB or generate 0.0% return on investment in Lindab International over 30 days. Lindab International is related to or competes with Inwido AB, Nolato AB, Trelleborg, Peab AB, and Systemair. Lindab International AB develops, manufactures, markets, and distributes products and system solutions for construction ... More
Lindab International 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 Lindab International'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 Lindab International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.07 |
Lindab International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lindab International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lindab International's standard deviation. In reality, there are many statistical measures that can use Lindab International historical prices to predict the future Lindab International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.31) |
Lindab International Backtested Returns
Lindab International has Sharpe Ratio of -0.0721, which conveys that the firm had a -0.0721% return per unit of risk over the last 3 months. Lindab International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lindab International's Mean Deviation of 1.49, standard deviation of 2.45, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lindab International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lindab International is expected to be smaller as well. At this point, Lindab International has a negative expected return of -0.18%. Please make sure to verify Lindab International's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Lindab International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Lindab International AB has average predictability. Overlapping area represents the amount of predictability between Lindab International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Lindab International price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Lindab International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 14.27 |
Lindab International lagged returns against current returns
Autocorrelation, which is Lindab International 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 Lindab International's stock expected returns. We can calculate the autocorrelation of Lindab International returns to help us make a trade decision. For example, suppose you find that Lindab International 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 |
Lindab International 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 Lindab International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lindab International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lindab International stock over time.
Current vs Lagged Prices |
| Timeline |
Lindab International Lagged Returns
When evaluating Lindab International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lindab International stock have on its future price. Lindab International 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, Lindab International autocorrelation shows the relationship between Lindab International stock current value and its past values and can show if there is a momentum factor associated with investing in Lindab International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lindab Stock Analysis
When running Lindab International's price analysis, check to measure Lindab International'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 Lindab International is operating at the current time. Most of Lindab International's value examination focuses on studying past and present price action to predict the probability of Lindab International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lindab International's price. Additionally, you may evaluate how the addition of Lindab International to your portfolios can decrease your overall portfolio volatility.