SOEDER SPORTFISKE's market value is the price at which a share of SOEDER SPORTFISKE trades on a public exchange. It measures the collective expectations of SOEDER SPORTFISKE AB investors about its performance. SOEDER SPORTFISKE is trading at 2.17 as of the 10th of January 2025. This is a 0.46 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.17. With this module, you can estimate the performance of a buy and hold strategy of SOEDER SPORTFISKE AB and determine expected loss or profit from investing in SOEDER SPORTFISKE over a given investment horizon. Check out SOEDER SPORTFISKE Correlation, SOEDER SPORTFISKE Volatility and SOEDER SPORTFISKE Alpha and Beta module to complement your research on SOEDER SPORTFISKE.
Please note, there is a significant difference between SOEDER SPORTFISKE's value and its price as these two are different measures arrived at by different means. Investors typically determine if SOEDER SPORTFISKE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SOEDER SPORTFISKE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SOEDER SPORTFISKE '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 SOEDER SPORTFISKE'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 SOEDER SPORTFISKE.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SOEDER SPORTFISKE'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 SOEDER SPORTFISKE AB upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOEDER SPORTFISKE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOEDER SPORTFISKE's standard deviation. In reality, there are many statistical measures that can use SOEDER SPORTFISKE historical prices to predict the future SOEDER SPORTFISKE's volatility.
SOEDER SPORTFISKE owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0241, which indicates the firm had a -0.0241% return per unit of volatility over the last 3 months. SOEDER SPORTFISKE AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOEDER SPORTFISKE's risk adjusted performance of (0.01), and Variance of 5.06 to confirm the risk estimate we provide. The entity has a beta of -0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SOEDER SPORTFISKE are expected to decrease at a much lower rate. During the bear market, SOEDER SPORTFISKE is likely to outperform the market. At this point, SOEDER SPORTFISKE has a negative expected return of -0.0567%. Please make sure to validate SOEDER SPORTFISKE's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if SOEDER SPORTFISKE performance from the past will be repeated at future time.
Auto-correlation
-0.89
Excellent reverse predictability
SOEDER SPORTFISKE AB has excellent reverse predictability. Overlapping area represents the amount of predictability between SOEDER SPORTFISKE time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SOEDER SPORTFISKE price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current SOEDER SPORTFISKE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.89
Spearman Rank Test
-0.81
Residual Average
0.0
Price Variance
0.0
SOEDER SPORTFISKE lagged returns against current returns
Autocorrelation, which is SOEDER SPORTFISKE 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 SOEDER SPORTFISKE's stock expected returns. We can calculate the autocorrelation of SOEDER SPORTFISKE returns to help us make a trade decision. For example, suppose you find that SOEDER SPORTFISKE 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
SOEDER SPORTFISKE 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 SOEDER SPORTFISKE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOEDER SPORTFISKE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOEDER SPORTFISKE stock over time.
Current vs Lagged Prices
Timeline
SOEDER SPORTFISKE Lagged Returns
When evaluating SOEDER SPORTFISKE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOEDER SPORTFISKE stock have on its future price. SOEDER SPORTFISKE 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, SOEDER SPORTFISKE autocorrelation shows the relationship between SOEDER SPORTFISKE stock current value and its past values and can show if there is a momentum factor associated with investing in SOEDER SPORTFISKE AB.
SOEDER SPORTFISKE financial ratios help investors to determine whether SOEDER 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 SOEDER with respect to the benefits of owning SOEDER SPORTFISKE security.