Polygiene (Sweden) Market Value
| POLYG Stock | SEK 12.60 0.10 0.79% |
| Symbol | Polygiene |
Polygiene '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 Polygiene'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 Polygiene.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Polygiene on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Polygiene AB or generate 0.0% return on investment in Polygiene over 30 days. Polygiene is related to or competes with SaltX Technology, Nexam Chemical, and AAC Clyde. Polygiene AB develops, manufactures, and sells odor control solutions for clothes, sports equipment, textiles, and other... More
Polygiene 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 Polygiene'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 Polygiene AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0474 | |||
| Maximum Drawdown | 29.48 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 11.43 |
Polygiene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polygiene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polygiene's standard deviation. In reality, there are many statistical measures that can use Polygiene historical prices to predict the future Polygiene's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.2876 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | 0.8478 |
Polygiene AB Backtested Returns
Polygiene appears to be slightly risky, given 3 months investment horizon. Polygiene AB maintains Sharpe Ratio (i.e., Efficiency) of 0.079, which implies the firm had a 0.079% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Polygiene AB, which you can use to evaluate the volatility of the company. Please evaluate Polygiene's Coefficient Of Variation of 1275.58, semi deviation of 2.81, and Risk Adjusted Performance of 0.0682 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Polygiene holds a performance score of 6. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Polygiene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polygiene is expected to be smaller as well. Please check Polygiene's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Polygiene's historical price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Polygiene AB has virtually no predictability. Overlapping area represents the amount of predictability between Polygiene time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Polygiene AB price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Polygiene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Polygiene AB lagged returns against current returns
Autocorrelation, which is Polygiene 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 Polygiene's stock expected returns. We can calculate the autocorrelation of Polygiene returns to help us make a trade decision. For example, suppose you find that Polygiene 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 |
Polygiene 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 Polygiene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polygiene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polygiene stock over time.
Current vs Lagged Prices |
| Timeline |
Polygiene Lagged Returns
When evaluating Polygiene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polygiene stock have on its future price. Polygiene 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, Polygiene autocorrelation shows the relationship between Polygiene stock current value and its past values and can show if there is a momentum factor associated with investing in Polygiene AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Polygiene Stock Analysis
When running Polygiene's price analysis, check to measure Polygiene'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 Polygiene is operating at the current time. Most of Polygiene's value examination focuses on studying past and present price action to predict the probability of Polygiene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polygiene's price. Additionally, you may evaluate how the addition of Polygiene to your portfolios can decrease your overall portfolio volatility.