AB SKF (Sweden) Market Value
| SKF-B Stock | SEK 209.50 1.20 0.58% |
| Symbol | SKF-B |
AB SKF '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 AB SKF'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 AB SKF.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in AB SKF on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding AB SKF or generate 0.0% return on investment in AB SKF over 540 days. AB SKF is related to or competes with Sandvik AB, AB Electrolux, Alfa Laval, Skanska AB, and Boliden AB. AB SKF offers bearings, seals, condition monitoring, lubrication systems, and services More
AB SKF 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 AB SKF'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 AB SKF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 2.67 |
AB SKF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB SKF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB SKF's standard deviation. In reality, there are many statistical measures that can use AB SKF historical prices to predict the future AB SKF's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | 0.0707 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3083 |
AB SKF Backtested Returns
Currently, AB SKF is very steady. AB SKF retains Efficiency (Sharpe Ratio) of 0.078, which signifies that the company had a 0.078% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for AB SKF, which you can use to evaluate the volatility of the entity. Please confirm AB SKF's Market Risk Adjusted Performance of 0.3183, coefficient of variation of 1384.12, and Standard Deviation of 1.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. AB SKF has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AB SKF's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB SKF is expected to be smaller as well. AB SKF today owns a risk of 1.81%. Please confirm AB SKF market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if AB SKF will be following its current price history.
Auto-correlation | -0.27 |
Weak reverse predictability
AB SKF has weak reverse predictability. Overlapping area represents the amount of predictability between AB SKF time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 AB SKF price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current AB SKF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 226.86 |
AB SKF lagged returns against current returns
Autocorrelation, which is AB SKF 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 AB SKF's stock expected returns. We can calculate the autocorrelation of AB SKF returns to help us make a trade decision. For example, suppose you find that AB SKF 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 |
AB SKF 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 AB SKF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB SKF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB SKF stock over time.
Current vs Lagged Prices |
| Timeline |
AB SKF Lagged Returns
When evaluating AB SKF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB SKF stock have on its future price. AB SKF 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, AB SKF autocorrelation shows the relationship between AB SKF stock current value and its past values and can show if there is a momentum factor associated with investing in AB SKF.
Regressed Prices |
| Timeline |
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Additional Tools for SKF-B Stock Analysis
When running AB SKF's price analysis, check to measure AB SKF'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 AB SKF is operating at the current time. Most of AB SKF's value examination focuses on studying past and present price action to predict the probability of AB SKF's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB SKF's price. Additionally, you may evaluate how the addition of AB SKF to your portfolios can decrease your overall portfolio volatility.