Dignitana (Sweden) Market Value
| DIGN Stock | SEK 1.16 0.07 5.69% |
| Symbol | Dignitana |
Dignitana '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 Dignitana'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 Dignitana.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dignitana on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dignitana AB or generate 0.0% return on investment in Dignitana over 30 days. Dignitana is related to or competes with C Rad, Paxman AB, Enzymatica Publ, Episurf Medical, and Clinical Laserthermia. Dignitana AB , a medical technology company, develops, produces, and markets medical cooling devices primarily in the Un... More
Dignitana 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 Dignitana'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 Dignitana AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.55 | |||
| Information Ratio | 0.0725 | |||
| Maximum Drawdown | 50.39 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 11.97 |
Dignitana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dignitana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dignitana's standard deviation. In reality, there are many statistical measures that can use Dignitana historical prices to predict the future Dignitana's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.4972 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0914 | |||
| Treynor Ratio | 0.5765 |
Dignitana AB Backtested Returns
Dignitana appears to be abnormally volatile, given 3 months investment horizon. Dignitana AB secures Sharpe Ratio (or Efficiency) of 0.0631, which denotes the company had a 0.0631% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dignitana AB, which you can use to evaluate the volatility of the firm. Please utilize Dignitana's Downside Deviation of 5.55, coefficient of variation of 1100.35, and Mean Deviation of 4.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dignitana holds a performance score of 4. The firm shows a Beta (market volatility) of 1.09, which means a somewhat significant risk relative to the market. Dignitana returns are very sensitive to returns on the market. As the market goes up or down, Dignitana is expected to follow. Please check Dignitana's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Dignitana's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Dignitana AB has very good reverse predictability. Overlapping area represents the amount of predictability between Dignitana time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Dignitana AB price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Dignitana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dignitana AB lagged returns against current returns
Autocorrelation, which is Dignitana 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 Dignitana's stock expected returns. We can calculate the autocorrelation of Dignitana returns to help us make a trade decision. For example, suppose you find that Dignitana 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 |
Dignitana 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 Dignitana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dignitana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dignitana stock over time.
Current vs Lagged Prices |
| Timeline |
Dignitana Lagged Returns
When evaluating Dignitana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dignitana stock have on its future price. Dignitana 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, Dignitana autocorrelation shows the relationship between Dignitana stock current value and its past values and can show if there is a momentum factor associated with investing in Dignitana AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Dignitana Stock Analysis
When running Dignitana's price analysis, check to measure Dignitana'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 Dignitana is operating at the current time. Most of Dignitana's value examination focuses on studying past and present price action to predict the probability of Dignitana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dignitana's price. Additionally, you may evaluate how the addition of Dignitana to your portfolios can decrease your overall portfolio volatility.