Saab AB (Sweden) Market Value
| SAAB-B Stock | SEK 238.85 2.25 0.95% |
| Symbol | Saab |
Saab 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 Saab 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 Saab AB.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Saab AB on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Saab AB or generate 0.0% return on investment in Saab AB over 30 days. Saab AB is related to or competes with SSAB AB, Boliden AB, Sandvik AB, Telefonaktiebolaget, and AB Electrolux. Saab AB provides products, services, and solutions for the military, defense, and civil security markets worldwide More
Saab 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 Saab 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 Saab AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.61 | |||
| Value At Risk | (5.47) | |||
| Potential Upside | 4.28 |
Saab AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saab AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saab AB's standard deviation. In reality, there are many statistical measures that can use Saab AB historical prices to predict the future Saab AB's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.06) |
Saab AB Backtested Returns
At this point, Saab AB is very steady. Saab AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0389, which indicates the firm had a 0.0389% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Saab AB, which you can use to evaluate the volatility of the company. Please validate Saab AB's Semi Deviation of 2.8, risk adjusted performance of 0.013, and Coefficient Of Variation of 13194.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Saab AB has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saab AB are expected to decrease at a much lower rate. During the bear market, Saab AB is likely to outperform the market. Saab AB right now has a risk of 2.67%. Please validate Saab AB coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Saab AB will be following its existing price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Saab AB has very good reverse predictability. Overlapping area represents the amount of predictability between Saab AB 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 Saab AB price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Saab AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 15.92 |
Saab AB lagged returns against current returns
Autocorrelation, which is Saab 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 Saab AB's stock expected returns. We can calculate the autocorrelation of Saab AB returns to help us make a trade decision. For example, suppose you find that Saab 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 |
Saab 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 Saab AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saab AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saab AB stock over time.
Current vs Lagged Prices |
| Timeline |
Saab AB Lagged Returns
When evaluating Saab AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saab AB stock have on its future price. Saab 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, Saab AB autocorrelation shows the relationship between Saab AB stock current value and its past values and can show if there is a momentum factor associated with investing in Saab AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Saab Stock
Saab AB financial ratios help investors to determine whether Saab 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 Saab with respect to the benefits of owning Saab AB security.