Arjo AB (Sweden) Market Value
| ARJO-B Stock | SEK 34.30 0.12 0.35% |
| Symbol | Arjo |
Arjo 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 Arjo 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 Arjo AB.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Arjo AB on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Arjo AB or generate 0.0% return on investment in Arjo AB over 90 days. Arjo AB is related to or competes with Getinge AB, Dometic Group, Elekta AB, Essity AB, and Lifco AB. Arjo AB develops and sells medical devices and solutions for patients with reduced mobility and age-related health chall... More
Arjo 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 Arjo 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 Arjo AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.35 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.84 |
Arjo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arjo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arjo AB's standard deviation. In reality, there are many statistical measures that can use Arjo AB historical prices to predict the future Arjo AB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 2.24 |
Arjo AB Backtested Returns
Arjo AB secures Sharpe Ratio (or Efficiency) of -0.0994, which signifies that the company had a -0.0994% return per unit of risk over the last 3 months. Arjo AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arjo AB's Risk Adjusted Performance of (0.08), standard deviation of 2.47, and Mean Deviation of 1.4 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 Arjo AB are expected to decrease at a much lower rate. During the bear market, Arjo AB is likely to outperform the market. At this point, Arjo AB has a negative expected return of -0.24%. Please make sure to confirm Arjo AB's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Arjo AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Arjo AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Arjo AB time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Arjo AB price movement. The serial correlation of -0.03 indicates that only 3.0% of current Arjo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Arjo AB lagged returns against current returns
Autocorrelation, which is Arjo 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 Arjo AB's stock expected returns. We can calculate the autocorrelation of Arjo AB returns to help us make a trade decision. For example, suppose you find that Arjo 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 |
Arjo 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 Arjo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arjo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arjo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Arjo AB Lagged Returns
When evaluating Arjo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arjo AB stock have on its future price. Arjo 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, Arjo AB autocorrelation shows the relationship between Arjo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Arjo AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Arjo Stock
Arjo AB financial ratios help investors to determine whether Arjo 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 Arjo with respect to the benefits of owning Arjo AB security.