ELECTROLUX (Germany) Market Value
| ELXA Stock | EUR 16.20 0.50 3.18% |
| Symbol | ELECTROLUX |
ELECTROLUX '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 ELECTROLUX'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 ELECTROLUX.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in ELECTROLUX on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding ELECTROLUX B ADR2 or generate 0.0% return on investment in ELECTROLUX over 90 days. ELECTROLUX is related to or competes with Qingdao Haier, Qingdao Haier, Mohawk Industries, SEB SA, Derwent London, Electrolux Professional, and Sleep Number. More
ELECTROLUX 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 ELECTROLUX'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 ELECTROLUX B ADR2 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.75 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 4.23 |
ELECTROLUX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELECTROLUX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELECTROLUX's standard deviation. In reality, there are many statistical measures that can use ELECTROLUX historical prices to predict the future ELECTROLUX's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.1405 |
ELECTROLUX B ADR2 Backtested Returns
ELECTROLUX B ADR2 secures Sharpe Ratio (or Efficiency) of -3.0E-4, which denotes the company had a -3.0E-4% return per unit of return volatility over the last 3 months. ELECTROLUX B ADR2 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ELECTROLUX's mean deviation of 1.94, and Standard Deviation of 2.77 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ELECTROLUX are expected to decrease at a much lower rate. During the bear market, ELECTROLUX is likely to outperform the market. At this point, ELECTROLUX B ADR2 has a negative expected return of -0.001%. Please make sure to confirm ELECTROLUX's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if ELECTROLUX B ADR2 performance from the past will be repeated in the future.
Auto-correlation | -0.56 |
Good reverse predictability
ELECTROLUX B ADR2 has good reverse predictability. Overlapping area represents the amount of predictability between ELECTROLUX time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 ELECTROLUX B ADR2 price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current ELECTROLUX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
ELECTROLUX B ADR2 lagged returns against current returns
Autocorrelation, which is ELECTROLUX 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 ELECTROLUX's stock expected returns. We can calculate the autocorrelation of ELECTROLUX returns to help us make a trade decision. For example, suppose you find that ELECTROLUX 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 |
ELECTROLUX 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 ELECTROLUX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELECTROLUX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELECTROLUX stock over time.
Current vs Lagged Prices |
| Timeline |
ELECTROLUX Lagged Returns
When evaluating ELECTROLUX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELECTROLUX stock have on its future price. ELECTROLUX 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, ELECTROLUX autocorrelation shows the relationship between ELECTROLUX stock current value and its past values and can show if there is a momentum factor associated with investing in ELECTROLUX B ADR2.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ELECTROLUX Stock
ELECTROLUX financial ratios help investors to determine whether ELECTROLUX 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 ELECTROLUX with respect to the benefits of owning ELECTROLUX security.