Engcon AB (Sweden) Market Value
| ENGCON-B | 83.20 2.20 2.72% |
| Symbol | Engcon |
Engcon 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 Engcon 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 Engcon AB.
| 01/10/2024 |
| 12/30/2025 |
If you would invest 0.00 in Engcon AB on January 10, 2024 and sell it all today you would earn a total of 0.00 from holding engcon AB Cl or generate 0.0% return on investment in Engcon AB over 720 days. Engcon AB is related to or competes with Karnov Group, Alimak Hek, Troax Group, Systemair, Beijer Alma, Volati AB, and Bravida Holding. More
Engcon 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 Engcon 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 engcon AB Cl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 3.19 |
Engcon AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Engcon AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Engcon AB's standard deviation. In reality, there are many statistical measures that can use Engcon AB historical prices to predict the future Engcon AB's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | (0.20) |
engcon AB Cl Backtested Returns
At this point, Engcon AB is very steady. engcon AB Cl secures Sharpe Ratio (or Efficiency) of 0.0847, which denotes the company had a 0.0847 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for engcon AB Cl, which you can use to evaluate the volatility of the firm. Please confirm Engcon AB's Risk Adjusted Performance of 0.0385, downside deviation of 1.77, and Semi Deviation of 1.67 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Engcon AB has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Engcon AB are expected to decrease at a much lower rate. During the bear market, Engcon AB is likely to outperform the market. engcon AB Cl right now shows a risk of 1.88%. Please confirm engcon AB Cl downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if engcon AB Cl will be following its price patterns.
Auto-correlation | -0.88 |
Excellent reverse predictability
engcon AB Cl has excellent reverse predictability. Overlapping area represents the amount of predictability between Engcon AB time series from 10th of January 2024 to 4th of January 2025 and 4th of January 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of engcon AB Cl price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Engcon AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 112.61 |
engcon AB Cl lagged returns against current returns
Autocorrelation, which is Engcon 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 Engcon AB's stock expected returns. We can calculate the autocorrelation of Engcon AB returns to help us make a trade decision. For example, suppose you find that Engcon 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 |
Engcon 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 Engcon AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Engcon AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Engcon AB stock over time.
Current vs Lagged Prices |
| Timeline |
Engcon AB Lagged Returns
When evaluating Engcon AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Engcon AB stock have on its future price. Engcon 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, Engcon AB autocorrelation shows the relationship between Engcon AB stock current value and its past values and can show if there is a momentum factor associated with investing in engcon AB Cl.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Engcon Stock
Engcon AB financial ratios help investors to determine whether Engcon 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 Engcon with respect to the benefits of owning Engcon AB security.