Scandic Hotels (Sweden) Market Value
| SHOT Stock | SEK 69.40 1.10 1.61% |
| Symbol | Scandic |
Scandic Hotels '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 Scandic Hotels' 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 Scandic Hotels.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Scandic Hotels on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Scandic Hotels Group or generate 0.0% return on investment in Scandic Hotels over 30 days. Scandic Hotels is related to or competes with H M, Norwegian Air, KABE Group, IAR Systems, Mekonomen, Norva24 Group, and Clinical Laserthermia. Scandic Hotels Group AB , together with its subsidiaries, operates and franchises hotels in Sweden, Norway, Finland, and... More
Scandic Hotels 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 Scandic Hotels' 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 Scandic Hotels Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.36 |
Scandic Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandic Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandic Hotels' standard deviation. In reality, there are many statistical measures that can use Scandic Hotels historical prices to predict the future Scandic Hotels' volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.0259 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1895 |
Scandic Hotels Group Backtested Returns
Currently, Scandic Hotels Group is very steady. Scandic Hotels Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0164, which indicates the firm had a 0.0164% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Scandic Hotels Group, which you can use to evaluate the volatility of the company. Please validate Scandic Hotels' Semi Deviation of 1.42, risk adjusted performance of 0.0406, and Coefficient Of Variation of 2046.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0253%. Scandic Hotels has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scandic Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Scandic Hotels is expected to be smaller as well. Scandic Hotels Group right now has a risk of 1.54%. Please validate Scandic Hotels coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Scandic Hotels will be following its existing price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Scandic Hotels Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Scandic Hotels 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 Scandic Hotels Group price movement. The serial correlation of -0.74 indicates that around 74.0% of current Scandic Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Scandic Hotels Group lagged returns against current returns
Autocorrelation, which is Scandic Hotels 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 Scandic Hotels' stock expected returns. We can calculate the autocorrelation of Scandic Hotels returns to help us make a trade decision. For example, suppose you find that Scandic Hotels 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 |
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Scandic Hotels 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 Scandic Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandic Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandic Hotels stock over time.
Current vs Lagged Prices |
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Scandic Hotels Lagged Returns
When evaluating Scandic Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandic Hotels stock have on its future price. Scandic Hotels 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, Scandic Hotels autocorrelation shows the relationship between Scandic Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Scandic Hotels Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scandic Stock Analysis
When running Scandic Hotels' price analysis, check to measure Scandic Hotels' 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 Scandic Hotels is operating at the current time. Most of Scandic Hotels' value examination focuses on studying past and present price action to predict the probability of Scandic Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandic Hotels' price. Additionally, you may evaluate how the addition of Scandic Hotels to your portfolios can decrease your overall portfolio volatility.