Axfood AB (Sweden) Market Value
| AXFO Stock | SEK 234.90 3.40 1.47% |
| Symbol | Axfood |
Axfood 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 Axfood 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 Axfood AB.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Axfood AB on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Axfood AB or generate 0.0% return on investment in Axfood AB over 510 days. Axfood AB is related to or competes with Castellum, Tele2 AB, Investor, Kinnevik Investment, and Avanza Bank. Axfood AB engages in the food retail and wholesale businesses in Sweden More
Axfood 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 Axfood 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 Axfood AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.16 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.06 |
Axfood AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axfood AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axfood AB's standard deviation. In reality, there are many statistical measures that can use Axfood AB historical prices to predict the future Axfood AB's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.61) |
Axfood AB Backtested Returns
Axfood AB secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of standard deviation over the last 3 months. Axfood AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axfood AB's mean deviation of 0.9075, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Axfood AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axfood AB is expected to be smaller as well. At this point, Axfood AB has a negative expected return of -0.18%. Please make sure to confirm Axfood AB's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Axfood AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Axfood AB has modest reverse predictability. Overlapping area represents the amount of predictability between Axfood AB time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Axfood AB price movement. The serial correlation of -0.48 indicates that about 48.0% of current Axfood AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 307.41 |
Axfood AB lagged returns against current returns
Autocorrelation, which is Axfood 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 Axfood AB's stock expected returns. We can calculate the autocorrelation of Axfood AB returns to help us make a trade decision. For example, suppose you find that Axfood 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 |
Axfood 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 Axfood AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axfood AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axfood AB stock over time.
Current vs Lagged Prices |
| Timeline |
Axfood AB Lagged Returns
When evaluating Axfood AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axfood AB stock have on its future price. Axfood 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, Axfood AB autocorrelation shows the relationship between Axfood AB stock current value and its past values and can show if there is a momentum factor associated with investing in Axfood AB.
Regressed Prices |
| Timeline |
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Additional Tools for Axfood Stock Analysis
When running Axfood AB's price analysis, check to measure Axfood 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 Axfood AB is operating at the current time. Most of Axfood AB's value examination focuses on studying past and present price action to predict the probability of Axfood 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 Axfood AB's price. Additionally, you may evaluate how the addition of Axfood AB to your portfolios can decrease your overall portfolio volatility.