Ellen AB (Sweden) Market Value
| ELN Stock | SEK 1.05 0.03 2.78% |
| Symbol | Ellen |
Ellen 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 Ellen 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 Ellen AB.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ellen AB on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ellen AB or generate 0.0% return on investment in Ellen AB over 720 days. Ellen AB is related to or competes with Mendus AB, JonDeTech Sensors, Nexam Chemical, Lohilo Foods, and Immunovia Publ. Ellen AB , a biotech company, develops and sells probiotic products for womens intimate health More
Ellen 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 Ellen 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 Ellen AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.96 |
Ellen AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellen AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellen AB's standard deviation. In reality, there are many statistical measures that can use Ellen AB historical prices to predict the future Ellen AB's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.2838 |
Ellen AB Backtested Returns
Ellen AB secures Sharpe Ratio (or Efficiency) of -0.021, which denotes the company had a -0.021% return per unit of risk over the last 3 months. Ellen AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ellen AB's Standard Deviation of 2.34, mean deviation of 1.7, and Variance of 5.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ellen AB are expected to decrease at a much lower rate. During the bear market, Ellen AB is likely to outperform the market. At this point, Ellen AB has a negative expected return of -0.0469%. Please make sure to confirm Ellen AB's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Ellen AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Ellen AB has below average predictability. Overlapping area represents the amount of predictability between Ellen AB time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Ellen AB price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ellen AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Ellen AB lagged returns against current returns
Autocorrelation, which is Ellen 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 Ellen AB's stock expected returns. We can calculate the autocorrelation of Ellen AB returns to help us make a trade decision. For example, suppose you find that Ellen 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 |
Ellen 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 Ellen AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellen AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellen AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ellen AB Lagged Returns
When evaluating Ellen AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellen AB stock have on its future price. Ellen 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, Ellen AB autocorrelation shows the relationship between Ellen AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ellen AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ellen Stock Analysis
When running Ellen AB's price analysis, check to measure Ellen AB'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 Ellen AB is operating at the current time. Most of Ellen AB's value examination focuses on studying past and present price action to predict the probability of Ellen AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ellen AB's price. Additionally, you may evaluate how the addition of Ellen AB to your portfolios can decrease your overall portfolio volatility.