Drillcon (Sweden) Market Value
| DRIL Stock | SEK 4.60 0.05 1.10% |
| Symbol | Drillcon |
Drillcon '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 Drillcon'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 Drillcon.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Drillcon on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Drillcon AB or generate 0.0% return on investment in Drillcon over 180 days. Drillcon is related to or competes with Holmen AB, Svenska Cellulosa, Husqvarna, Alfa Laval, and Axfood AB. Drillcon AB , together with its subsidiaries, operates as a diamond core drilling and raise boring contractor More
Drillcon 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 Drillcon'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 Drillcon AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 23.89 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.39 |
Drillcon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drillcon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drillcon's standard deviation. In reality, there are many statistical measures that can use Drillcon historical prices to predict the future Drillcon's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.82) |
Drillcon AB Backtested Returns
Drillcon AB secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Drillcon AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Drillcon's Standard Deviation of 3.02, variance of 9.15, and Mean Deviation of 1.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Drillcon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Drillcon is expected to be smaller as well. At this point, Drillcon AB has a negative expected return of -0.41%. Please make sure to confirm Drillcon's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Drillcon AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Drillcon AB has modest reverse predictability. Overlapping area represents the amount of predictability between Drillcon time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Drillcon AB price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Drillcon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Drillcon AB lagged returns against current returns
Autocorrelation, which is Drillcon 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 Drillcon's stock expected returns. We can calculate the autocorrelation of Drillcon returns to help us make a trade decision. For example, suppose you find that Drillcon 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 |
Drillcon 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 Drillcon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drillcon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drillcon stock over time.
Current vs Lagged Prices |
| Timeline |
Drillcon Lagged Returns
When evaluating Drillcon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drillcon stock have on its future price. Drillcon 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, Drillcon autocorrelation shows the relationship between Drillcon stock current value and its past values and can show if there is a momentum factor associated with investing in Drillcon AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Drillcon Stock Analysis
When running Drillcon's price analysis, check to measure Drillcon'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 Drillcon is operating at the current time. Most of Drillcon's value examination focuses on studying past and present price action to predict the probability of Drillcon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drillcon's price. Additionally, you may evaluate how the addition of Drillcon to your portfolios can decrease your overall portfolio volatility.