Prevas AB (Sweden) Market Value
| PREV-B Stock | SEK 110.80 4.60 4.33% |
| Symbol | Prevas |
Prevas AB '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 Prevas AB'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 Prevas AB.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Prevas AB on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Prevas AB or generate 0.0% return on investment in Prevas AB over 30 days. Prevas AB is related to or competes with Micro Systemation. The company provides product development services, including conceptualization, preliminary studies, requirements analys... More
Prevas AB 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 Prevas AB'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 Prevas AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.91 |
Prevas AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prevas AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prevas AB's standard deviation. In reality, there are many statistical measures that can use Prevas AB historical prices to predict the future Prevas AB's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.91) |
Prevas AB Backtested Returns
Prevas AB maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Prevas AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prevas AB's Coefficient Of Variation of (701.84), variance of 5.34, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prevas AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prevas AB is expected to be smaller as well. At this point, Prevas AB has a negative expected return of -0.25%. Please make sure to check Prevas AB's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Prevas AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Prevas AB has very good reverse predictability. Overlapping area represents the amount of predictability between Prevas AB time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Prevas AB price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Prevas AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 5.56 |
Prevas AB lagged returns against current returns
Autocorrelation, which is Prevas AB 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 Prevas AB's stock expected returns. We can calculate the autocorrelation of Prevas AB returns to help us make a trade decision. For example, suppose you find that Prevas AB 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 |
Prevas AB 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 Prevas AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prevas AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prevas AB stock over time.
Current vs Lagged Prices |
| Timeline |
Prevas AB Lagged Returns
When evaluating Prevas AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prevas AB stock have on its future price. Prevas AB 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, Prevas AB autocorrelation shows the relationship between Prevas AB stock current value and its past values and can show if there is a momentum factor associated with investing in Prevas AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in Prevas Stock
Prevas AB financial ratios help investors to determine whether Prevas 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 Prevas with respect to the benefits of owning Prevas AB security.