DevPort AB (Sweden) Market Value
| DEVP-B Stock | SEK 27.70 1.00 3.75% |
| Symbol | DevPort |
DevPort 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 DevPort 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 DevPort AB.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in DevPort AB on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding DevPort AB or generate 0.0% return on investment in DevPort AB over 30 days. DevPort AB is related to or competes with Lifco AB, Lagercrantz Group, Addtech AB, Instalco Intressenter, and AddLife AB. DevPort AB develops embedded systems in the areas of active safetyautonomous vehicle, hybridization, and infotainment fo... More
DevPort 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 DevPort 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 DevPort AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.65 |
DevPort AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DevPort AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DevPort AB's standard deviation. In reality, there are many statistical measures that can use DevPort AB historical prices to predict the future DevPort AB's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.27) |
DevPort AB Backtested Returns
DevPort AB secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. DevPort AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DevPort AB's Standard Deviation of 1.34, mean deviation of 1.11, and Variance of 1.8 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, DevPort AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding DevPort AB is expected to be smaller as well. At this point, DevPort AB has a negative expected return of -0.35%. Please make sure to confirm DevPort AB's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if DevPort AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
DevPort AB has modest predictability. Overlapping area represents the amount of predictability between DevPort 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 DevPort AB price movement. The serial correlation of 0.51 indicates that about 51.0% of current DevPort AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
DevPort AB lagged returns against current returns
Autocorrelation, which is DevPort 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 DevPort AB's stock expected returns. We can calculate the autocorrelation of DevPort AB returns to help us make a trade decision. For example, suppose you find that DevPort 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 |
DevPort 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 DevPort AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DevPort AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DevPort AB stock over time.
Current vs Lagged Prices |
| Timeline |
DevPort AB Lagged Returns
When evaluating DevPort AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DevPort AB stock have on its future price. DevPort 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, DevPort AB autocorrelation shows the relationship between DevPort AB stock current value and its past values and can show if there is a momentum factor associated with investing in DevPort AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in DevPort Stock
DevPort AB financial ratios help investors to determine whether DevPort 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 DevPort with respect to the benefits of owning DevPort AB security.