ProstaLund (Sweden) Market Value
| PLUN Stock | SEK 9.00 2.00 28.57% |
| Symbol | ProstaLund |
ProstaLund '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 ProstaLund'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 ProstaLund.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in ProstaLund on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding ProstaLund AB or generate 0.0% return on investment in ProstaLund over 90 days. ProstaLund is related to or competes with Episurf Medical, Senzime AB, Acarix AS, and Scibase AB. ProstaLund AB develops, manufactures, and sells urological devices and treatments. More
ProstaLund 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 ProstaLund'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 ProstaLund AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 34.93 | |||
| Value At Risk | (8.63) | |||
| Potential Upside | 5.61 |
ProstaLund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProstaLund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProstaLund's standard deviation. In reality, there are many statistical measures that can use ProstaLund historical prices to predict the future ProstaLund's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 0.7586 |
ProstaLund AB Backtested Returns
ProstaLund AB maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. ProstaLund AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProstaLund's Variance of 26.63, coefficient of variation of (755.71), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The company holds a Beta of -0.91, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning ProstaLund are expected to decrease slowly. On the other hand, during market turmoil, ProstaLund is expected to outperform it slightly. At this point, ProstaLund AB has a negative expected return of -0.79%. Please make sure to check ProstaLund's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if ProstaLund AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
ProstaLund AB has poor predictability. Overlapping area represents the amount of predictability between ProstaLund time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ProstaLund AB price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ProstaLund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
ProstaLund AB lagged returns against current returns
Autocorrelation, which is ProstaLund 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 ProstaLund's stock expected returns. We can calculate the autocorrelation of ProstaLund returns to help us make a trade decision. For example, suppose you find that ProstaLund 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 |
ProstaLund 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 ProstaLund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProstaLund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProstaLund stock over time.
Current vs Lagged Prices |
| Timeline |
ProstaLund Lagged Returns
When evaluating ProstaLund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProstaLund stock have on its future price. ProstaLund 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, ProstaLund autocorrelation shows the relationship between ProstaLund stock current value and its past values and can show if there is a momentum factor associated with investing in ProstaLund AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ProstaLund Stock Analysis
When running ProstaLund's price analysis, check to measure ProstaLund'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 ProstaLund is operating at the current time. Most of ProstaLund's value examination focuses on studying past and present price action to predict the probability of ProstaLund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProstaLund's price. Additionally, you may evaluate how the addition of ProstaLund to your portfolios can decrease your overall portfolio volatility.