Bulten AB (Sweden) Market Value
| BULTEN Stock | SEK 67.80 0.10 0.15% |
| Symbol | Bulten |
Bulten 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 Bulten 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 Bulten AB.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bulten AB on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bulten AB or generate 0.0% return on investment in Bulten AB over 30 days. Bulten AB is related to or competes with Inwido AB, Clas Ohlson, Bufab Holding, Byggmax Group, and Fagerhult. Bulten AB , together with its subsidiaries, designs, develops, manufactures, and distributes automotive components for l... More
Bulten 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 Bulten 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 Bulten AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.43 |
Bulten AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bulten AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bulten AB's standard deviation. In reality, there are many statistical measures that can use Bulten AB historical prices to predict the future Bulten AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bulten AB's 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.
Bulten AB Backtested Returns
Bulten AB secures Sharpe Ratio (or Efficiency) of -0.0781, which signifies that the company had a -0.0781% return per unit of risk over the last 3 months. Bulten AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bulten AB's Mean Deviation of 1.41, standard deviation of 1.97, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bulten AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bulten AB is expected to be smaller as well. At this point, Bulten AB has a negative expected return of -0.15%. Please make sure to confirm Bulten AB's treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if Bulten AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Bulten AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Bulten AB time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bulten AB price movement. The serial correlation of -0.02 indicates that only 2.0% of current Bulten AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Bulten AB lagged returns against current returns
Autocorrelation, which is Bulten 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 Bulten AB's stock expected returns. We can calculate the autocorrelation of Bulten AB returns to help us make a trade decision. For example, suppose you find that Bulten 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 |
Bulten 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 Bulten AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bulten AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bulten AB stock over time.
Current vs Lagged Prices |
| Timeline |
Bulten AB Lagged Returns
When evaluating Bulten AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bulten AB stock have on its future price. Bulten 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, Bulten AB autocorrelation shows the relationship between Bulten AB stock current value and its past values and can show if there is a momentum factor associated with investing in Bulten AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Bulten Stock
Bulten AB financial ratios help investors to determine whether Bulten 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 Bulten with respect to the benefits of owning Bulten AB security.