Dedicare (Sweden) Market Value
| DEDI Stock | SEK 59.50 1.20 1.98% |
| Symbol | Dedicare |
Dedicare '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 Dedicare'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 Dedicare.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Dedicare on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Dedicare AB or generate 0.0% return on investment in Dedicare over 720 days. Dedicare is related to or competes with Biotage AB, Addnode Group, Beijer Ref, CellaVision, and Know IT. Dedicare AB operates as a staffing company in the healthcare industry primarily in Sweden, Norway, Finland, and Denmark More
Dedicare 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 Dedicare'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 Dedicare AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.85 |
Dedicare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dedicare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dedicare's standard deviation. In reality, there are many statistical measures that can use Dedicare historical prices to predict the future Dedicare's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 1.15 |
Dedicare AB Backtested Returns
Dedicare AB secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of standard deviation over the last 3 months. Dedicare AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dedicare's Coefficient Of Variation of (940.47), mean deviation of 1.41, and Standard Deviation of 1.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dedicare are expected to decrease at a much lower rate. During the bear market, Dedicare is likely to outperform the market. At this point, Dedicare AB has a negative expected return of -0.26%. Please make sure to confirm Dedicare's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Dedicare AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Dedicare AB has average predictability. Overlapping area represents the amount of predictability between Dedicare time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Dedicare AB price movement. The serial correlation of 0.49 indicates that about 49.0% of current Dedicare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 235.69 |
Dedicare AB lagged returns against current returns
Autocorrelation, which is Dedicare 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 Dedicare's stock expected returns. We can calculate the autocorrelation of Dedicare returns to help us make a trade decision. For example, suppose you find that Dedicare 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 |
Dedicare 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 Dedicare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dedicare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dedicare stock over time.
Current vs Lagged Prices |
| Timeline |
Dedicare Lagged Returns
When evaluating Dedicare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dedicare stock have on its future price. Dedicare 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, Dedicare autocorrelation shows the relationship between Dedicare stock current value and its past values and can show if there is a momentum factor associated with investing in Dedicare AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Dedicare Stock Analysis
When running Dedicare's price analysis, check to measure Dedicare'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 Dedicare is operating at the current time. Most of Dedicare's value examination focuses on studying past and present price action to predict the probability of Dedicare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dedicare's price. Additionally, you may evaluate how the addition of Dedicare to your portfolios can decrease your overall portfolio volatility.