Clinical Laserthermia (Sweden) Market Value
| CLS-B Stock | SEK 3.78 0.04 1.07% |
| Symbol | Clinical |
Clinical Laserthermia '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 Clinical Laserthermia'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 Clinical Laserthermia.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Clinical Laserthermia on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Clinical Laserthermia Systems or generate 0.0% return on investment in Clinical Laserthermia over 360 days. Clinical Laserthermia is related to or competes with Cantargia, Episurf Medical, Karolinska Development, Acarix AS, and Alligator Bioscience. Clinical Laserthermia Systems AB develops and markets therapies, systems, and single-use instruments for thermal treatme... More
Clinical Laserthermia 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 Clinical Laserthermia'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 Clinical Laserthermia Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 29.83 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 7.35 |
Clinical Laserthermia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clinical Laserthermia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clinical Laserthermia's standard deviation. In reality, there are many statistical measures that can use Clinical Laserthermia historical prices to predict the future Clinical Laserthermia's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | 0.3756 |
Clinical Laserthermia Backtested Returns
Clinical Laserthermia secures Sharpe Ratio (or Efficiency) of -0.0895, which signifies that the company had a -0.0895% return per unit of risk over the last 3 months. Clinical Laserthermia Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clinical Laserthermia's Mean Deviation of 3.8, risk adjusted performance of (0.08), and Standard Deviation of 5.02 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.49, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Clinical Laserthermia are expected to decrease by larger amounts. On the other hand, during market turmoil, Clinical Laserthermia is expected to outperform it. At this point, Clinical Laserthermia has a negative expected return of -0.45%. Please make sure to confirm Clinical Laserthermia's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Clinical Laserthermia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Clinical Laserthermia Systems has poor predictability. Overlapping area represents the amount of predictability between Clinical Laserthermia time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Clinical Laserthermia price movement. The serial correlation of 0.25 indicates that over 25.0% of current Clinical Laserthermia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 6.73 |
Clinical Laserthermia lagged returns against current returns
Autocorrelation, which is Clinical Laserthermia 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 Clinical Laserthermia's stock expected returns. We can calculate the autocorrelation of Clinical Laserthermia returns to help us make a trade decision. For example, suppose you find that Clinical Laserthermia 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 |
Clinical Laserthermia 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 Clinical Laserthermia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clinical Laserthermia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clinical Laserthermia stock over time.
Current vs Lagged Prices |
| Timeline |
Clinical Laserthermia Lagged Returns
When evaluating Clinical Laserthermia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clinical Laserthermia stock have on its future price. Clinical Laserthermia 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, Clinical Laserthermia autocorrelation shows the relationship between Clinical Laserthermia stock current value and its past values and can show if there is a momentum factor associated with investing in Clinical Laserthermia Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Clinical Stock Analysis
When running Clinical Laserthermia's price analysis, check to measure Clinical Laserthermia'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 Clinical Laserthermia is operating at the current time. Most of Clinical Laserthermia's value examination focuses on studying past and present price action to predict the probability of Clinical Laserthermia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clinical Laserthermia's price. Additionally, you may evaluate how the addition of Clinical Laserthermia to your portfolios can decrease your overall portfolio volatility.