Afry AB (Sweden) Market Value
| AFRY Stock | 152.80 1.90 1.26% |
| Symbol | Afry |
Afry 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 Afry 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 Afry AB.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Afry AB on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Afry AB or generate 0.0% return on investment in Afry AB over 480 days. Afry AB is related to or competes with Sweco AB, AAK AB, Beijer Ref, Bravida Holding, and Holmen AB. More
Afry 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 Afry 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 Afry AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.19 |
Afry AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afry AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afry AB's standard deviation. In reality, there are many statistical measures that can use Afry AB historical prices to predict the future Afry AB's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.30) |
Afry AB Backtested Returns
Afry AB secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Afry AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afry AB's Standard Deviation of 2.21, mean deviation of 1.43, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Afry AB returns are very sensitive to returns on the market. As the market goes up or down, Afry AB is expected to follow. At this point, Afry AB has a negative expected return of -0.29%. Please make sure to confirm Afry AB's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Afry AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Afry AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Afry AB time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Afry AB price movement. The serial correlation of -0.77 indicates that around 77.0% of current Afry AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 149.88 |
Afry AB lagged returns against current returns
Autocorrelation, which is Afry 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 Afry AB's stock expected returns. We can calculate the autocorrelation of Afry AB returns to help us make a trade decision. For example, suppose you find that Afry 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 |
Afry 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 Afry AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afry AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afry AB stock over time.
Current vs Lagged Prices |
| Timeline |
Afry AB Lagged Returns
When evaluating Afry AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afry AB stock have on its future price. Afry 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, Afry AB autocorrelation shows the relationship between Afry AB stock current value and its past values and can show if there is a momentum factor associated with investing in Afry AB.
Regressed Prices |
| Timeline |
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Additional Tools for Afry Stock Analysis
When running Afry AB's price analysis, check to measure Afry AB'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 Afry AB is operating at the current time. Most of Afry AB's value examination focuses on studying past and present price action to predict the probability of Afry AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Afry AB's price. Additionally, you may evaluate how the addition of Afry AB to your portfolios can decrease your overall portfolio volatility.