Scandinavian Enviro (Sweden) Market Value
| SES Stock | SEK 1.91 0.02 1.06% |
| Symbol | Scandinavian |
Scandinavian Enviro '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 Scandinavian Enviro'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 Scandinavian Enviro.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Scandinavian Enviro on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Scandinavian Enviro Systems or generate 0.0% return on investment in Scandinavian Enviro over 30 days. Scandinavian Enviro is related to or competes with Minesto AB, Sivers IMA, SolTech Energy, and AAC Clyde. Scandinavian Enviro Systems AB , an environmental company, engages in the recovery of carbon black, oil, steel, and gas ... More
Scandinavian Enviro 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 Scandinavian Enviro'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 Scandinavian Enviro Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 2.49 |
Scandinavian Enviro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandinavian Enviro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandinavian Enviro's standard deviation. In reality, there are many statistical measures that can use Scandinavian Enviro historical prices to predict the future Scandinavian Enviro's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 2.56 |
Scandinavian Enviro Backtested Returns
Scandinavian Enviro owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Scandinavian Enviro Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scandinavian Enviro's Risk Adjusted Performance of (0.14), coefficient of variation of (543.02), and Variance of 3.2 to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scandinavian Enviro are expected to decrease at a much lower rate. During the bear market, Scandinavian Enviro is likely to outperform the market. At this point, Scandinavian Enviro has a negative expected return of -0.32%. Please make sure to validate Scandinavian Enviro's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Scandinavian Enviro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Scandinavian Enviro Systems has virtually no predictability. Overlapping area represents the amount of predictability between Scandinavian Enviro time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Scandinavian Enviro price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Scandinavian Enviro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandinavian Enviro lagged returns against current returns
Autocorrelation, which is Scandinavian Enviro 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 Scandinavian Enviro's stock expected returns. We can calculate the autocorrelation of Scandinavian Enviro returns to help us make a trade decision. For example, suppose you find that Scandinavian Enviro 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 |
Scandinavian Enviro 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 Scandinavian Enviro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandinavian Enviro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandinavian Enviro stock over time.
Current vs Lagged Prices |
| Timeline |
Scandinavian Enviro Lagged Returns
When evaluating Scandinavian Enviro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandinavian Enviro stock have on its future price. Scandinavian Enviro 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, Scandinavian Enviro autocorrelation shows the relationship between Scandinavian Enviro stock current value and its past values and can show if there is a momentum factor associated with investing in Scandinavian Enviro Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scandinavian Stock Analysis
When running Scandinavian Enviro's price analysis, check to measure Scandinavian Enviro'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 Scandinavian Enviro is operating at the current time. Most of Scandinavian Enviro's value examination focuses on studying past and present price action to predict the probability of Scandinavian Enviro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandinavian Enviro's price. Additionally, you may evaluate how the addition of Scandinavian Enviro to your portfolios can decrease your overall portfolio volatility.