Elekta AB (Sweden) Market Value
| EKTA-B Stock | SEK 64.70 1.55 2.45% |
| Symbol | Elekta |
Elekta 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 Elekta 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 Elekta AB.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Elekta AB on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Elekta AB or generate 0.0% return on investment in Elekta AB over 30 days. Elekta AB is related to or competes with Getinge AB, AB SKF, ASSA ABLOY, Husqvarna, and Securitas. Elekta AB provides equipment and software for cancer and brain disorders worldwide More
Elekta 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 Elekta 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 Elekta AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.62 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.62 |
Elekta AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elekta AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elekta AB's standard deviation. In reality, there are many statistical measures that can use Elekta AB historical prices to predict the future Elekta AB's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (1.21) |
Elekta AB Backtested Returns
Elekta AB secures Sharpe Ratio (or Efficiency) of -0.0373, which denotes the company had a -0.0373% return per unit of risk over the last 3 months. Elekta AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elekta AB's Mean Deviation of 1.33, standard deviation of 1.66, and Variance of 2.76 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0861, which means not very significant fluctuations relative to the market. As returns on the market increase, Elekta AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elekta AB is expected to be smaller as well. At this point, Elekta AB has a negative expected return of -0.0635%. Please make sure to confirm Elekta AB's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Elekta AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Elekta AB has good predictability. Overlapping area represents the amount of predictability between Elekta AB time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Elekta AB price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Elekta AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Elekta AB lagged returns against current returns
Autocorrelation, which is Elekta 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 Elekta AB's stock expected returns. We can calculate the autocorrelation of Elekta AB returns to help us make a trade decision. For example, suppose you find that Elekta 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 |
Elekta 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 Elekta AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elekta AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elekta AB stock over time.
Current vs Lagged Prices |
| Timeline |
Elekta AB Lagged Returns
When evaluating Elekta AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elekta AB stock have on its future price. Elekta 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, Elekta AB autocorrelation shows the relationship between Elekta AB stock current value and its past values and can show if there is a momentum factor associated with investing in Elekta AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Elekta Stock
Elekta AB financial ratios help investors to determine whether Elekta 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 Elekta with respect to the benefits of owning Elekta AB security.