Acconeer (Sweden) Market Value
| ACCON Stock | SEK 5.30 0.20 3.64% |
| Symbol | Acconeer |
Acconeer '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 Acconeer'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 Acconeer.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Acconeer on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Acconeer AB or generate 0.0% return on investment in Acconeer over 30 days. Acconeer is related to or competes with Divio Technologies, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, EEducation Albert, and Lipum AB. It offers A1 radar sensor, a high-precision pulsed short-range radar sensor that is delivered as a one chip system in pa... More
Acconeer 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 Acconeer'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 Acconeer AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.29 |
Acconeer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acconeer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acconeer's standard deviation. In reality, there are many statistical measures that can use Acconeer historical prices to predict the future Acconeer's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 4.04 |
Acconeer AB Backtested Returns
Acconeer AB secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of standard deviation over the last 3 months. Acconeer AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acconeer's mean deviation of 1.87, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acconeer are expected to decrease at a much lower rate. During the bear market, Acconeer is likely to outperform the market. At this point, Acconeer AB has a negative expected return of -0.51%. Please make sure to confirm Acconeer's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Acconeer AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Acconeer AB has poor predictability. Overlapping area represents the amount of predictability between Acconeer time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Acconeer AB price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Acconeer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Acconeer AB lagged returns against current returns
Autocorrelation, which is Acconeer 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 Acconeer's stock expected returns. We can calculate the autocorrelation of Acconeer returns to help us make a trade decision. For example, suppose you find that Acconeer 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 |
Acconeer 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 Acconeer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acconeer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acconeer stock over time.
Current vs Lagged Prices |
| Timeline |
Acconeer Lagged Returns
When evaluating Acconeer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acconeer stock have on its future price. Acconeer 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, Acconeer autocorrelation shows the relationship between Acconeer stock current value and its past values and can show if there is a momentum factor associated with investing in Acconeer AB.
Regressed Prices |
| Timeline |
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Additional Tools for Acconeer Stock Analysis
When running Acconeer's price analysis, check to measure Acconeer'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 Acconeer is operating at the current time. Most of Acconeer's value examination focuses on studying past and present price action to predict the probability of Acconeer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acconeer's price. Additionally, you may evaluate how the addition of Acconeer to your portfolios can decrease your overall portfolio volatility.