Eastnine (Sweden) Market Value
| EAST Stock | SEK 46.80 1.24 2.58% |
| Symbol | Eastnine |
Eastnine '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 Eastnine'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 Eastnine.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Eastnine on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Eastnine AB or generate 0.0% return on investment in Eastnine over 30 days. Eastnine is related to or competes with Atrium Ljungberg, Dios Fastigheter, HEBA Fastighets, NP3 Fastigheter, and Catena AB. Eastnine AB is a private equity firm specializing in direct investments in private and public companies More
Eastnine 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 Eastnine'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 Eastnine AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 3.72 |
Eastnine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastnine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastnine's standard deviation. In reality, there are many statistical measures that can use Eastnine historical prices to predict the future Eastnine's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.1311 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0397 | |||
| Treynor Ratio | 0.5781 |
Eastnine AB Backtested Returns
Currently, Eastnine AB is very steady. Eastnine AB secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eastnine AB, which you can use to evaluate the volatility of the firm. Please confirm Eastnine's Downside Deviation of 1.23, coefficient of variation of 959.43, and Mean Deviation of 1.21 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Eastnine has a performance score of 9 on a scale of 0 to 100. 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, Eastnine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastnine is expected to be smaller as well. Eastnine AB right now shows a risk of 1.67%. Please confirm Eastnine AB total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Eastnine AB will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Eastnine AB has modest reverse predictability. Overlapping area represents the amount of predictability between Eastnine time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Eastnine AB price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Eastnine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.78 |
Eastnine AB lagged returns against current returns
Autocorrelation, which is Eastnine 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 Eastnine's stock expected returns. We can calculate the autocorrelation of Eastnine returns to help us make a trade decision. For example, suppose you find that Eastnine 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 |
Eastnine 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 Eastnine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastnine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastnine stock over time.
Current vs Lagged Prices |
| Timeline |
Eastnine Lagged Returns
When evaluating Eastnine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastnine stock have on its future price. Eastnine 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, Eastnine autocorrelation shows the relationship between Eastnine stock current value and its past values and can show if there is a momentum factor associated with investing in Eastnine AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eastnine Stock Analysis
When running Eastnine's price analysis, check to measure Eastnine'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 Eastnine is operating at the current time. Most of Eastnine's value examination focuses on studying past and present price action to predict the probability of Eastnine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastnine's price. Additionally, you may evaluate how the addition of Eastnine to your portfolios can decrease your overall portfolio volatility.