SinterCast (Sweden) Market Value
| SINT Stock | SEK 109.00 0.50 0.46% |
| Symbol | SinterCast |
SinterCast '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 SinterCast'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 SinterCast.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in SinterCast on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding SinterCast AB or generate 0.0% return on investment in SinterCast over 60 days. SinterCast is related to or competes with Skandinaviska Enskilda, Skandinaviska Enskilda, Swedbank, Svenska Handelsbanken, Svenska Handelsbanken, Telefonaktiebolaget, and AB Volvo. SinterCast AB provides process control technology and solutions for the production of compacted graphite iron to foundri... More
SinterCast 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 SinterCast'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 SinterCast AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.71 |
SinterCast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SinterCast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SinterCast's standard deviation. In reality, there are many statistical measures that can use SinterCast historical prices to predict the future SinterCast's volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.0596 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.14) |
SinterCast AB Backtested Returns
SinterCast AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0166, which indicates the firm had a -0.0166% return per unit of risk over the last 3 months. SinterCast AB exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SinterCast's Coefficient Of Variation of 3398.98, semi deviation of 1.25, and Risk Adjusted Performance of 0.0262 to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SinterCast are expected to decrease at a much lower rate. During the bear market, SinterCast is likely to outperform the market. At this point, SinterCast AB has a negative expected return of -0.022%. Please make sure to validate SinterCast's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if SinterCast AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
SinterCast AB has poor reverse predictability. Overlapping area represents the amount of predictability between SinterCast time series from 13th of October 2024 to 12th of November 2024 and 12th 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 SinterCast AB price movement. The serial correlation of -0.39 indicates that just about 39.0% of current SinterCast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
SinterCast AB lagged returns against current returns
Autocorrelation, which is SinterCast 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 SinterCast's stock expected returns. We can calculate the autocorrelation of SinterCast returns to help us make a trade decision. For example, suppose you find that SinterCast 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 |
SinterCast 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 SinterCast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SinterCast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SinterCast stock over time.
Current vs Lagged Prices |
| Timeline |
SinterCast Lagged Returns
When evaluating SinterCast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SinterCast stock have on its future price. SinterCast 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, SinterCast autocorrelation shows the relationship between SinterCast stock current value and its past values and can show if there is a momentum factor associated with investing in SinterCast AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SinterCast Stock Analysis
When running SinterCast's price analysis, check to measure SinterCast'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 SinterCast is operating at the current time. Most of SinterCast's value examination focuses on studying past and present price action to predict the probability of SinterCast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SinterCast's price. Additionally, you may evaluate how the addition of SinterCast to your portfolios can decrease your overall portfolio volatility.