SSAB AB (Finland) Market Value
| SSABAH Stock | EUR 4.45 0.17 3.68% |
| 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.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in SSAB AB on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding SSAB AB ser or generate 0.0% return on investment in SSAB AB over 720 days. SSAB AB is related to or competes with Nordea Bank, Telia Company, Wartsila Oyj, and Sampo Oyj. 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 ser upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 4.41 |
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 | 0.062 | |||
| Jensen Alpha | 0.0984 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | 0.2273 |
SSAB AB ser Backtested Returns
At this point, SSAB AB is slightly risky. SSAB AB ser retains Efficiency (Sharpe Ratio) of 0.0606, which indicates the firm had a 0.0606% return per unit of risk over the last 3 months. We have found thirty technical indicators for SSAB AB, which you can use to evaluate the volatility of the company. Please validate SSAB AB's risk adjusted performance of 0.062, and Downside Deviation of 2.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. SSAB AB has a performance score of 4 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.78, 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 ser currently owns a risk of 2.49%. Please validate SSAB AB ser total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if SSAB AB ser will be following its current price history.
Auto-correlation | 0.00 |
No correlation between past and present
SSAB AB ser has no correlation between past and present. Overlapping area represents the amount of predictability between SSAB AB time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 ser price movement. The serial correlation of 0.0 indicates that just 0.0% of current SSAB AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
SSAB AB ser 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 ser.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.