Spectrumone Publ (Sweden) Market Value
| SPEONE Stock | SEK 0.29 0.01 3.33% |
| Symbol | Spectrumone |
Spectrumone Publ '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 Spectrumone Publ'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 Spectrumone Publ.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Spectrumone Publ on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Spectrumone publ AB or generate 0.0% return on investment in Spectrumone Publ over 360 days. Spectrumone Publ is related to or competes with Kancera AB, Terranet, Divio Technologies, and Cantargia. SpectrumOne AB , a technology company, provides a suite of data management, analytics, and communications platform suite... More
Spectrumone Publ 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 Spectrumone Publ'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 Spectrumone publ AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 24.3 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.98 |
Spectrumone Publ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrumone Publ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectrumone Publ's standard deviation. In reality, there are many statistical measures that can use Spectrumone Publ historical prices to predict the future Spectrumone Publ's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (1.05) |
Spectrumone publ Backtested Returns
Spectrumone publ owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Spectrumone publ AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spectrumone Publ's Coefficient Of Variation of (1,062), variance of 16.96, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spectrumone Publ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spectrumone Publ is expected to be smaller as well. At this point, Spectrumone publ has a negative expected return of -0.61%. Please make sure to validate Spectrumone Publ's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Spectrumone publ performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Spectrumone publ AB has very good reverse predictability. Overlapping area represents the amount of predictability between Spectrumone Publ time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Spectrumone publ price movement. The serial correlation of -0.68 indicates that around 68.0% of current Spectrumone Publ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spectrumone publ lagged returns against current returns
Autocorrelation, which is Spectrumone Publ 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 Spectrumone Publ's stock expected returns. We can calculate the autocorrelation of Spectrumone Publ returns to help us make a trade decision. For example, suppose you find that Spectrumone Publ 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 |
Spectrumone Publ 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 Spectrumone Publ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectrumone Publ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectrumone Publ stock over time.
Current vs Lagged Prices |
| Timeline |
Spectrumone Publ Lagged Returns
When evaluating Spectrumone Publ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectrumone Publ stock have on its future price. Spectrumone Publ 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, Spectrumone Publ autocorrelation shows the relationship between Spectrumone Publ stock current value and its past values and can show if there is a momentum factor associated with investing in Spectrumone publ AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Spectrumone Stock
Spectrumone Publ financial ratios help investors to determine whether Spectrumone Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spectrumone with respect to the benefits of owning Spectrumone Publ security.