CDON AB (Sweden) Market Value
| CDON Stock | 96.20 0.40 0.42% |
| Symbol | CDON |
CDON 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 CDON 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 CDON AB.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in CDON AB on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding CDON AB or generate 0.0% return on investment in CDON AB over 30 days. CDON AB is related to or competes with AstraZeneca PLC, Investor, Investor, Atlas Copco, Atlas Copco, Nordea Bank, and AB Volvo. More
CDON 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 CDON 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 CDON AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 7.05 |
CDON AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDON AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDON AB's standard deviation. In reality, there are many statistical measures that can use CDON AB historical prices to predict the future CDON AB's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | 0.0331 | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.0778 |
CDON AB Backtested Returns
Currently, CDON AB is very steady. CDON AB secures Sharpe Ratio (or Efficiency) of 3.0E-4, which signifies that the company had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for CDON AB, which you can use to evaluate the volatility of the firm. Please confirm CDON AB's mean deviation of 3.0, and Risk Adjusted Performance of 0.001 to double-check if the risk estimate we provide is consistent with the expected return of 0.0015%. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CDON AB are expected to decrease at a much lower rate. During the bear market, CDON AB is likely to outperform the market. CDON AB at this time shows a risk of 4.39%. Please confirm CDON AB maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if CDON AB will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
CDON AB has good reverse predictability. Overlapping area represents the amount of predictability between CDON AB time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 CDON AB price movement. The serial correlation of -0.55 indicates that about 55.0% of current CDON AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
CDON AB lagged returns against current returns
Autocorrelation, which is CDON 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 CDON AB's stock expected returns. We can calculate the autocorrelation of CDON AB returns to help us make a trade decision. For example, suppose you find that CDON 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 |
CDON 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 CDON AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDON AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDON AB stock over time.
Current vs Lagged Prices |
| Timeline |
CDON AB Lagged Returns
When evaluating CDON AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDON AB stock have on its future price. CDON 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, CDON AB autocorrelation shows the relationship between CDON AB stock current value and its past values and can show if there is a momentum factor associated with investing in CDON AB.
Regressed Prices |
| Timeline |
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Additional Tools for CDON Stock Analysis
When running CDON AB's price analysis, check to measure CDON 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 CDON AB is operating at the current time. Most of CDON AB's value examination focuses on studying past and present price action to predict the probability of CDON 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 CDON AB's price. Additionally, you may evaluate how the addition of CDON AB to your portfolios can decrease your overall portfolio volatility.