BoMill AB (Sweden) Market Value
| BOMILL Stock | SEK 1.29 0.05 3.73% |
| Symbol | BoMill |
BoMill 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 BoMill 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 BoMill AB.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in BoMill AB on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding BoMill AB or generate 0.0% return on investment in BoMill AB over 90 days. BoMill AB is related to or competes with Lohilo Foods, and JonDeTech Sensors. The company offers TriQ, a process capacity grain quality sorting solution and IQ, a grain sorting solution for laborato... More
BoMill 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 BoMill 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 BoMill AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.253 | |||
| Maximum Drawdown | 17.2 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 5.26 |
BoMill AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BoMill AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BoMill AB's standard deviation. In reality, there are many statistical measures that can use BoMill AB historical prices to predict the future BoMill AB's volatility.| Risk Adjusted Performance | 0.2343 | |||
| Jensen Alpha | 0.853 | |||
| Total Risk Alpha | 0.3987 | |||
| Sortino Ratio | 0.2948 | |||
| Treynor Ratio | 1.65 |
BoMill AB Backtested Returns
BoMill AB appears to be very risky, given 3 months investment horizon. BoMill AB secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of return volatility over the last 3 months. By examining BoMill AB's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of BoMill AB's Risk Adjusted Performance of 0.2343, mean deviation of 2.2, and Semi Deviation of 1.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BoMill AB holds a performance score of 22. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BoMill AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding BoMill AB is expected to be smaller as well. Please check BoMill AB's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether BoMill AB's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
BoMill AB has good predictability. Overlapping area represents the amount of predictability between BoMill 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 BoMill AB price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current BoMill AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
BoMill AB lagged returns against current returns
Autocorrelation, which is BoMill 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 BoMill AB's stock expected returns. We can calculate the autocorrelation of BoMill AB returns to help us make a trade decision. For example, suppose you find that BoMill 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 |
BoMill 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 BoMill AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BoMill AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BoMill AB stock over time.
Current vs Lagged Prices |
| Timeline |
BoMill AB Lagged Returns
When evaluating BoMill AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BoMill AB stock have on its future price. BoMill 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, BoMill AB autocorrelation shows the relationship between BoMill AB stock current value and its past values and can show if there is a momentum factor associated with investing in BoMill AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in BoMill Stock
BoMill AB financial ratios help investors to determine whether BoMill 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 BoMill with respect to the benefits of owning BoMill AB security.