Billerudkorsns Ab Stock Market Value
| BLRDF Stock | USD 9.50 0.05 0.53% |
| Symbol | BillerudKorsnäs |
BillerudKorsnäs '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 BillerudKorsnäs' pink sheet 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 BillerudKorsnäs.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in BillerudKorsnäs on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding BillerudKorsns AB or generate 0.0% return on investment in BillerudKorsnäs over 30 days. BillerudKorsnäs is related to or competes with Oji Holdings, Nine Dragons, Nine Dragons, Canfor Pulp, Mondi PLC, and Klabin Sa. Billerud Aktiebolag provides fiber-based packaging materials and solutions in Sweden and internationally More
BillerudKorsnäs 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 BillerudKorsnäs' pink sheet 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 BillerudKorsns AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.36 | |||
| Potential Upside | 0.5291 |
BillerudKorsnäs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BillerudKorsnäs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BillerudKorsnäs' standard deviation. In reality, there are many statistical measures that can use BillerudKorsnäs historical prices to predict the future BillerudKorsnäs' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BillerudKorsnäs' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BillerudKorsns AB Backtested Returns
BillerudKorsns AB secures Sharpe Ratio (or Efficiency) of -0.0483, which signifies that the company had a -0.0483 % return per unit of risk over the last 3 months. BillerudKorsns AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BillerudKorsnäs' Mean Deviation of 0.5122, risk adjusted performance of (0.04), and Standard Deviation of 1.91 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BillerudKorsnäs' returns are expected to increase less than the market. However, during the bear market, the loss of holding BillerudKorsnäs is expected to be smaller as well. At this point, BillerudKorsns AB has a negative expected return of -0.0922%. Please make sure to confirm BillerudKorsnäs' skewness, and the relationship between the jensen alpha and rate of daily change , to decide if BillerudKorsns AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
BillerudKorsns AB has very good predictability. Overlapping area represents the amount of predictability between BillerudKorsnäs time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BillerudKorsns AB price movement. The serial correlation of 0.82 indicates that around 82.0% of current BillerudKorsnäs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BillerudKorsns AB lagged returns against current returns
Autocorrelation, which is BillerudKorsnäs pink sheet'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 BillerudKorsnäs' pink sheet expected returns. We can calculate the autocorrelation of BillerudKorsnäs returns to help us make a trade decision. For example, suppose you find that BillerudKorsnäs has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
BillerudKorsnäs 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 BillerudKorsnäs pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BillerudKorsnäs pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BillerudKorsnäs pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BillerudKorsnäs Lagged Returns
When evaluating BillerudKorsnäs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BillerudKorsnäs pink sheet have on its future price. BillerudKorsnäs 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, BillerudKorsnäs autocorrelation shows the relationship between BillerudKorsnäs pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BillerudKorsns AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BillerudKorsnäs Pink Sheet
BillerudKorsnäs financial ratios help investors to determine whether BillerudKorsnäs Pink Sheet 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 BillerudKorsnäs with respect to the benefits of owning BillerudKorsnäs security.