Scandic Hotels (Sweden) Market Value

SHOT Stock  SEK 68.30  1.45  2.08%   
Scandic Hotels' market value is the price at which a share of Scandic Hotels trades on a public exchange. It measures the collective expectations of Scandic Hotels Group investors about its performance. Scandic Hotels is selling for under 68.30 as of the 11th of December 2024; that is 2.08% down since the beginning of the trading day. The stock's last reported lowest price was 67.8.
With this module, you can estimate the performance of a buy and hold strategy of Scandic Hotels Group and determine expected loss or profit from investing in Scandic Hotels over a given investment horizon. Check out Scandic Hotels Correlation, Scandic Hotels Volatility and Scandic Hotels Alpha and Beta module to complement your research on Scandic Hotels.
Symbol

Please note, there is a significant difference between Scandic Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Scandic Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scandic Hotels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
09/12/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/11/2024
0.00
If you would invest  0.00  in Scandic Hotels on September 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 90 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.

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.
Hype
Prediction
LowEstimatedHigh
66.7668.3069.84
Details
Intrinsic
Valuation
LowRealHigh
68.2769.8171.35
Details
Naive
Forecast
LowNextHigh
67.3368.8770.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
65.9867.8969.80
Details

Scandic Hotels Group Backtested Returns

Currently, Scandic Hotels Group is very steady. Scandic Hotels Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0188, which indicates the firm had a 0.0188% 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 1.44, risk adjusted performance of 0.0176, and Coefficient Of Variation of 5873.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.029%. Scandic Hotels has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.38, 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

    
  -0.43  

Modest reverse predictability

Scandic Hotels Group has modest reverse predictability. Overlapping area represents the amount of predictability between Scandic Hotels time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 -0.43 indicates that just about 43.0% of current Scandic Hotels price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.31
Residual Average0.0
Price Variance2.79

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   
       Timeline  

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   
       Timeline  

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

Explore Investment 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.