Studsvik (Sweden) Market Value
| SVIK Stock | SEK 120.00 1.60 1.35% |
| Symbol | Studsvik |
Studsvik '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 Studsvik'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 Studsvik.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Studsvik on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Studsvik AB or generate 0.0% return on investment in Studsvik over 180 days. Studsvik is related to or competes with NOTE AB, Proact IT, SinterCast, Rottneros, and Vitrolife. Studsvik AB develops, sells, and delivers various technical solutions to the nuclear and radiological sectors in Sweden,... More
Studsvik 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 Studsvik'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 Studsvik AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.32 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.18 |
Studsvik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Studsvik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Studsvik's standard deviation. In reality, there are many statistical measures that can use Studsvik historical prices to predict the future Studsvik's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 2.23 |
Studsvik AB Backtested Returns
Studsvik AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0414, which indicates the firm had a -0.0414% return per unit of risk over the last 3 months. Studsvik AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Studsvik's Risk Adjusted Performance of (0.02), coefficient of variation of (2,847), and Variance of 4.02 to confirm the risk estimate we provide. The entity has a beta of -0.0361, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Studsvik are expected to decrease at a much lower rate. During the bear market, Studsvik is likely to outperform the market. At this point, Studsvik AB has a negative expected return of -0.0836%. Please make sure to validate Studsvik's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Studsvik AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Studsvik AB has weak predictability. Overlapping area represents the amount of predictability between Studsvik time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Studsvik AB price movement. The serial correlation of 0.24 indicates that over 24.0% of current Studsvik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 21.68 |
Studsvik AB lagged returns against current returns
Autocorrelation, which is Studsvik 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 Studsvik's stock expected returns. We can calculate the autocorrelation of Studsvik returns to help us make a trade decision. For example, suppose you find that Studsvik 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 |
Studsvik 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 Studsvik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Studsvik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Studsvik stock over time.
Current vs Lagged Prices |
| Timeline |
Studsvik Lagged Returns
When evaluating Studsvik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Studsvik stock have on its future price. Studsvik 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, Studsvik autocorrelation shows the relationship between Studsvik stock current value and its past values and can show if there is a momentum factor associated with investing in Studsvik AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Studsvik Stock Analysis
When running Studsvik's price analysis, check to measure Studsvik'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 Studsvik is operating at the current time. Most of Studsvik's value examination focuses on studying past and present price action to predict the probability of Studsvik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Studsvik's price. Additionally, you may evaluate how the addition of Studsvik to your portfolios can decrease your overall portfolio volatility.