Scandinavian Tobacco (UK) Market Value
| 0RES Stock | 98.75 1.15 1.18% |
| Symbol | Scandinavian |
Scandinavian Tobacco '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 Scandinavian Tobacco'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 Scandinavian Tobacco.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Scandinavian Tobacco on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Scandinavian Tobacco Group or generate 0.0% return on investment in Scandinavian Tobacco over 30 days. Scandinavian Tobacco is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Scandinavian Tobacco is entity of United Kingdom More
Scandinavian Tobacco 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 Scandinavian Tobacco'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 Scandinavian Tobacco Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.26 |
Scandinavian Tobacco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandinavian Tobacco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandinavian Tobacco's standard deviation. In reality, there are many statistical measures that can use Scandinavian Tobacco historical prices to predict the future Scandinavian Tobacco's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.29) |
Scandinavian Tobacco Backtested Returns
Scandinavian Tobacco owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Scandinavian Tobacco Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scandinavian Tobacco's Risk Adjusted Performance of (0.09), coefficient of variation of (815.87), and Variance of 1.52 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scandinavian Tobacco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scandinavian Tobacco is expected to be smaller as well. At this point, Scandinavian Tobacco has a negative expected return of -0.13%. Please make sure to validate Scandinavian Tobacco's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Scandinavian Tobacco performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Scandinavian Tobacco Group has virtually no predictability. Overlapping area represents the amount of predictability between Scandinavian Tobacco time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Scandinavian Tobacco price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Scandinavian Tobacco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 8.7 |
Scandinavian Tobacco lagged returns against current returns
Autocorrelation, which is Scandinavian Tobacco 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 Scandinavian Tobacco's stock expected returns. We can calculate the autocorrelation of Scandinavian Tobacco returns to help us make a trade decision. For example, suppose you find that Scandinavian Tobacco 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 |
Scandinavian Tobacco 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 Scandinavian Tobacco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandinavian Tobacco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandinavian Tobacco stock over time.
Current vs Lagged Prices |
| Timeline |
Scandinavian Tobacco Lagged Returns
When evaluating Scandinavian Tobacco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandinavian Tobacco stock have on its future price. Scandinavian Tobacco 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, Scandinavian Tobacco autocorrelation shows the relationship between Scandinavian Tobacco stock current value and its past values and can show if there is a momentum factor associated with investing in Scandinavian Tobacco Group.
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.Additional Tools for Scandinavian Stock Analysis
When running Scandinavian Tobacco's price analysis, check to measure Scandinavian Tobacco'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 Scandinavian Tobacco is operating at the current time. Most of Scandinavian Tobacco's value examination focuses on studying past and present price action to predict the probability of Scandinavian Tobacco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandinavian Tobacco's price. Additionally, you may evaluate how the addition of Scandinavian Tobacco to your portfolios can decrease your overall portfolio volatility.