Avensia Publ (Sweden) Market Value
| AVEN Stock | SEK 7.70 0.12 1.58% |
| Symbol | Avensia |
Avensia Publ '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 Avensia Publ'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 Avensia Publ.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Avensia Publ on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Avensia publ AB or generate 0.0% return on investment in Avensia Publ over 90 days. Avensia Publ is related to or competes with FormPipe Software, Micro Systemation, CTT Systems, CAG Group, and G5 Entertainment. The company offers Episerver Commerce, an e-commerce platform inRiver Product Information Management platform, which ena... More
Avensia Publ 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 Avensia Publ'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 Avensia publ AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.96 |
Avensia Publ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avensia Publ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avensia Publ's standard deviation. In reality, there are many statistical measures that can use Avensia Publ historical prices to predict the future Avensia Publ's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.95) |
Avensia publ AB Backtested Returns
Avensia publ AB secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of standard deviation over the last 3 months. Avensia publ AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avensia Publ's mean deviation of 1.41, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avensia Publ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avensia Publ is expected to be smaller as well. At this point, Avensia publ AB has a negative expected return of -0.26%. Please make sure to confirm Avensia Publ's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Avensia publ AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Avensia publ AB has virtually no predictability. Overlapping area represents the amount of predictability between Avensia Publ time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Avensia publ AB price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Avensia Publ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Avensia publ AB lagged returns against current returns
Autocorrelation, which is Avensia Publ 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 Avensia Publ's stock expected returns. We can calculate the autocorrelation of Avensia Publ returns to help us make a trade decision. For example, suppose you find that Avensia Publ 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 |
Avensia Publ 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 Avensia Publ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avensia Publ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avensia Publ stock over time.
Current vs Lagged Prices |
| Timeline |
Avensia Publ Lagged Returns
When evaluating Avensia Publ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avensia Publ stock have on its future price. Avensia Publ 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, Avensia Publ autocorrelation shows the relationship between Avensia Publ stock current value and its past values and can show if there is a momentum factor associated with investing in Avensia publ AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avensia Stock Analysis
When running Avensia Publ's price analysis, check to measure Avensia Publ'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 Avensia Publ is operating at the current time. Most of Avensia Publ's value examination focuses on studying past and present price action to predict the probability of Avensia Publ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avensia Publ's price. Additionally, you may evaluate how the addition of Avensia Publ to your portfolios can decrease your overall portfolio volatility.