Concejo AB (Sweden) Market Value
| CNCJO-B Stock | SEK 39.10 1.10 2.74% |
| Symbol | Concejo |
Concejo 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 Concejo 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 Concejo AB.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Concejo AB on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Concejo AB or generate 0.0% return on investment in Concejo AB over 30 days. Concejo AB is related to or competes with Ascelia Pharma, CTT Systems, Boule Diagnostics, and Svedbergs. Concejo AB develops, manufactures, and markets fire safety products and systems in Europe, the United States, Asia, and ... More
Concejo 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 Concejo 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 Concejo AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 16.16 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.0 |
Concejo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concejo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concejo AB's standard deviation. In reality, there are many statistical measures that can use Concejo AB historical prices to predict the future Concejo AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (16.80) |
Concejo AB Backtested Returns
Concejo AB secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Concejo AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concejo AB's Mean Deviation of 1.88, standard deviation of 2.66, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0126, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Concejo AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Concejo AB is expected to be smaller as well. At this point, Concejo AB has a negative expected return of -0.43%. Please make sure to confirm Concejo AB's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Concejo AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Concejo AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Concejo 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 Concejo AB price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Concejo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Concejo AB lagged returns against current returns
Autocorrelation, which is Concejo 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 Concejo AB's stock expected returns. We can calculate the autocorrelation of Concejo AB returns to help us make a trade decision. For example, suppose you find that Concejo 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 |
Concejo 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 Concejo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concejo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concejo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Concejo AB Lagged Returns
When evaluating Concejo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concejo AB stock have on its future price. Concejo 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, Concejo AB autocorrelation shows the relationship between Concejo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Concejo AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Concejo Stock
Concejo AB financial ratios help investors to determine whether Concejo 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 Concejo with respect to the benefits of owning Concejo AB security.