SSAB AB (Sweden) Market Value
| SSAB-A Stock | SEK 51.56 0.26 0.50% |
| Symbol | SSAB |
SSAB AB '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 SSAB AB'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 SSAB AB.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SSAB AB on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SSAB AB or generate 0.0% return on investment in SSAB AB over 30 days. SSAB AB is related to or competes with SSAB AB, Boliden AB, AB SKF, Sandvik AB, and Svenska Cellulosa. It operates through five segments SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction More
SSAB AB 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 SSAB AB'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 SSAB AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.93 |
SSAB AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSAB AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSAB AB's standard deviation. In reality, there are many statistical measures that can use SSAB AB historical prices to predict the future SSAB AB's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.1301 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0521 | |||
| Treynor Ratio | 0.3217 |
SSAB AB Backtested Returns
At this point, SSAB AB is very steady. SSAB AB retains Efficiency (Sharpe Ratio) of 0.0955, which indicates the firm had a 0.0955% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SSAB AB, which you can use to evaluate the volatility of the company. Please validate SSAB AB's downside deviation of 1.68, and Risk Adjusted Performance of 0.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. SSAB AB has a performance score of 7 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SSAB AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding SSAB AB is expected to be smaller as well. SSAB AB currently owns a risk of 1.84%. Please validate SSAB AB coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if SSAB AB will be following its current price history.
Auto-correlation | -0.18 |
Insignificant reverse predictability
SSAB AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between SSAB AB time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 SSAB AB price movement. The serial correlation of -0.18 indicates that over 18.0% of current SSAB AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
SSAB AB lagged returns against current returns
Autocorrelation, which is SSAB AB 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 SSAB AB's stock expected returns. We can calculate the autocorrelation of SSAB AB returns to help us make a trade decision. For example, suppose you find that SSAB AB 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 |
SSAB AB 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 SSAB AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSAB AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSAB AB stock over time.
Current vs Lagged Prices |
| Timeline |
SSAB AB Lagged Returns
When evaluating SSAB AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSAB AB stock have on its future price. SSAB AB 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, SSAB AB autocorrelation shows the relationship between SSAB AB stock current value and its past values and can show if there is a momentum factor associated with investing in SSAB AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in SSAB Stock
SSAB AB financial ratios help investors to determine whether SSAB 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 SSAB with respect to the benefits of owning SSAB AB security.