Billerudkorsns Ab Stock Market Value
| BLRDF Stock | USD 9.15 0.00 0.00% |
| Symbol | BillerudKorsns |
BillerudKorsns '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 BillerudKorsns' 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 BillerudKorsns.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in BillerudKorsns on December 8, 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 BillerudKorsns over 30 days. BillerudKorsns is related to or competes with Canfor Pulp, Mondi PLC, Nine Dragons, Klabin Sa, and Holmen AB. Billerud Aktiebolag provides fiber-based packaging materials and solutions in Sweden and internationally More
BillerudKorsns 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 BillerudKorsns' 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 | (0.15) | |||
| Maximum Drawdown | 13.36 |
BillerudKorsns Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BillerudKorsns' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BillerudKorsns' standard deviation. In reality, there are many statistical measures that can use BillerudKorsns historical prices to predict the future BillerudKorsns' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.9888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BillerudKorsns' 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 -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. BillerudKorsns AB exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BillerudKorsns' Mean Deviation of 0.758, risk adjusted performance of (0.10), and Standard Deviation of 2.16 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, returns on owning BillerudKorsns are expected to decrease at a much lower rate. During the bear market, BillerudKorsns is likely to outperform the market. At this point, BillerudKorsns AB has a negative expected return of -0.31%. Please make sure to confirm BillerudKorsns' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if BillerudKorsns AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
BillerudKorsns AB has no correlation between past and present. Overlapping area represents the amount of predictability between BillerudKorsns time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 0.0 indicates that just 0.0% of current BillerudKorsns price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BillerudKorsns AB lagged returns against current returns
Autocorrelation, which is BillerudKorsns 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 BillerudKorsns' pink sheet expected returns. We can calculate the autocorrelation of BillerudKorsns returns to help us make a trade decision. For example, suppose you find that BillerudKorsns 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 |
BillerudKorsns 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 BillerudKorsns pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BillerudKorsns pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BillerudKorsns pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BillerudKorsns Lagged Returns
When evaluating BillerudKorsns' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BillerudKorsns pink sheet have on its future price. BillerudKorsns 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, BillerudKorsns autocorrelation shows the relationship between BillerudKorsns 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 |
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Other Information on Investing in BillerudKorsns Pink Sheet
BillerudKorsns financial ratios help investors to determine whether BillerudKorsns 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 BillerudKorsns with respect to the benefits of owning BillerudKorsns security.