Softronic (Sweden) Market Value
| SOF-B Stock | SEK 24.35 0.05 0.21% |
| Symbol | Softronic |
Softronic '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 Softronic'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 Softronic.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Softronic on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Softronic AB or generate 0.0% return on investment in Softronic over 30 days. Softronic is related to or competes with DevPort AB, and Micro Systemation. Softronic AB provides IT and management services primarily in Sweden More
Softronic 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 Softronic'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 Softronic AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0184 | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.36 |
Softronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Softronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Softronic's standard deviation. In reality, there are many statistical measures that can use Softronic historical prices to predict the future Softronic's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.1446 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | 2.16 |
Softronic AB Backtested Returns
Currently, Softronic AB is very steady. Softronic AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0951, which indicates the firm had a 0.0951% return per unit of risk over the last 3 months. We have found thirty technical indicators for Softronic AB, which you can use to evaluate the volatility of the company. Please validate Softronic's Semi Deviation of 1.09, risk adjusted performance of 0.093, and Coefficient Of Variation of 864.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Softronic has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0712, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Softronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Softronic is expected to be smaller as well. Softronic AB right now has a risk of 1.4%. Please validate Softronic coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Softronic will be following its existing price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Softronic AB has insignificant predictability. Overlapping area represents the amount of predictability between Softronic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Softronic AB price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Softronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Softronic AB lagged returns against current returns
Autocorrelation, which is Softronic 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 Softronic's stock expected returns. We can calculate the autocorrelation of Softronic returns to help us make a trade decision. For example, suppose you find that Softronic 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 |
Softronic 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 Softronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Softronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Softronic stock over time.
Current vs Lagged Prices |
| Timeline |
Softronic Lagged Returns
When evaluating Softronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Softronic stock have on its future price. Softronic 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, Softronic autocorrelation shows the relationship between Softronic stock current value and its past values and can show if there is a momentum factor associated with investing in Softronic AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Softronic Stock Analysis
When running Softronic's price analysis, check to measure Softronic'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 Softronic is operating at the current time. Most of Softronic's value examination focuses on studying past and present price action to predict the probability of Softronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Softronic's price. Additionally, you may evaluate how the addition of Softronic to your portfolios can decrease your overall portfolio volatility.