Saxlund Group (Sweden) Market Value
| SAXG Stock | SEK 8.00 0.26 3.15% |
| Symbol | Saxlund |
Saxlund Group '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 Saxlund Group'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 Saxlund Group.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Saxlund Group on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Saxlund Group AB or generate 0.0% return on investment in Saxlund Group over 30 days. Saxlund Group is related to or competes with Fasadgruppen Group, Green Landscaping, Volati AB, Instalco Intressenter, and Sdiptech. Saxlund Group AB , an environmental technology group, develops, manufactures, and services plants and equipment for the ... More
Saxlund Group 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 Saxlund Group'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 Saxlund Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 44.61 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Saxlund Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saxlund Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saxlund Group's standard deviation. In reality, there are many statistical measures that can use Saxlund Group historical prices to predict the future Saxlund Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | (0.47) |
Saxlund Group AB Backtested Returns
Saxlund Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0481, which indicates the firm had a -0.0481% return per unit of risk over the last 3 months. Saxlund Group AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saxlund Group's Variance of 39.04, coefficient of variation of (2,335), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saxlund Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saxlund Group is expected to be smaller as well. At this point, Saxlund Group AB has a negative expected return of -0.3%. Please make sure to validate Saxlund Group's skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Saxlund Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Saxlund Group AB has good reverse predictability. Overlapping area represents the amount of predictability between Saxlund Group time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Saxlund Group AB price movement. The serial correlation of -0.54 indicates that about 54.0% of current Saxlund Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Saxlund Group AB lagged returns against current returns
Autocorrelation, which is Saxlund Group 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 Saxlund Group's stock expected returns. We can calculate the autocorrelation of Saxlund Group returns to help us make a trade decision. For example, suppose you find that Saxlund Group 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 |
Saxlund Group 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 Saxlund Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saxlund Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saxlund Group stock over time.
Current vs Lagged Prices |
| Timeline |
Saxlund Group Lagged Returns
When evaluating Saxlund Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saxlund Group stock have on its future price. Saxlund Group 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, Saxlund Group autocorrelation shows the relationship between Saxlund Group stock current value and its past values and can show if there is a momentum factor associated with investing in Saxlund Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Saxlund Stock Analysis
When running Saxlund Group's price analysis, check to measure Saxlund Group'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 Saxlund Group is operating at the current time. Most of Saxlund Group's value examination focuses on studying past and present price action to predict the probability of Saxlund Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saxlund Group's price. Additionally, you may evaluate how the addition of Saxlund Group to your portfolios can decrease your overall portfolio volatility.