Diadrom Holding (Sweden) Market Value
| DIAH Stock | SEK 7.14 0.24 3.48% |
| Symbol | Diadrom |
Diadrom Holding '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 Diadrom Holding'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 Diadrom Holding.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Diadrom Holding on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Diadrom Holding AB or generate 0.0% return on investment in Diadrom Holding over 30 days. Diadrom Holding is related to or competes with Generic Sweden, Avensia Publ, Softronic, and Drillcon. Diadrom Holding AB , a consultancy company, focuses on diagnostics of products with embedded software More
Diadrom Holding 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 Diadrom Holding'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 Diadrom Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 4.55 |
Diadrom Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diadrom Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diadrom Holding's standard deviation. In reality, there are many statistical measures that can use Diadrom Holding historical prices to predict the future Diadrom Holding's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 9.68 |
Diadrom Holding AB Backtested Returns
Diadrom Holding 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. Diadrom Holding AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diadrom Holding's Coefficient Of Variation of (738.45), standard deviation of 3.04, and Mean Deviation of 2.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0435, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Diadrom Holding are expected to decrease at a much lower rate. During the bear market, Diadrom Holding is likely to outperform the market. At this point, Diadrom Holding AB has a negative expected return of -0.41%. Please make sure to confirm Diadrom Holding's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Diadrom Holding AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Diadrom Holding AB has good predictability. Overlapping area represents the amount of predictability between Diadrom Holding time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Diadrom Holding AB price movement. The serial correlation of 0.78 indicates that around 78.0% of current Diadrom Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Diadrom Holding AB lagged returns against current returns
Autocorrelation, which is Diadrom Holding 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 Diadrom Holding's stock expected returns. We can calculate the autocorrelation of Diadrom Holding returns to help us make a trade decision. For example, suppose you find that Diadrom Holding 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 |
Diadrom Holding 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 Diadrom Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diadrom Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diadrom Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Diadrom Holding Lagged Returns
When evaluating Diadrom Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diadrom Holding stock have on its future price. Diadrom Holding 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, Diadrom Holding autocorrelation shows the relationship between Diadrom Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Diadrom Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Diadrom Stock Analysis
When running Diadrom Holding's price analysis, check to measure Diadrom Holding'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 Diadrom Holding is operating at the current time. Most of Diadrom Holding's value examination focuses on studying past and present price action to predict the probability of Diadrom Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diadrom Holding's price. Additionally, you may evaluate how the addition of Diadrom Holding to your portfolios can decrease your overall portfolio volatility.