Essity AB (Sweden) Market Value
| ESSITY-B | SEK 302.20 3.30 1.10% |
| Symbol | Essity |
Essity 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 Essity 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 Essity AB.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Essity AB on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Essity AB or generate 0.0% return on investment in Essity AB over 30 days. Essity AB is related to or competes with Svenska Cellulosa, ASSA ABLOY, AB Electrolux, AB SKF, and Sandvik AB. Essity AB develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions ... More
Essity 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 Essity 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 Essity AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.17 |
Essity AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essity AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essity AB's standard deviation. In reality, there are many statistical measures that can use Essity AB historical prices to predict the future Essity AB's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Essity AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Essity AB Backtested Returns
Essity AB secures Sharpe Ratio (or Efficiency) of -0.0027, which denotes the company had a -0.0027% return per unit of risk over the last 3 months. Essity AB exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Essity AB's Downside Deviation of 1.15, coefficient of variation of 8260.04, and Mean Deviation of 0.6877 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 Essity AB are expected to decrease at a much lower rate. During the bear market, Essity AB is likely to outperform the market. At this point, Essity AB has a negative expected return of -0.0026%. Please make sure to confirm Essity AB's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Essity AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Essity AB has good reverse predictability. Overlapping area represents the amount of predictability between Essity AB time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Essity AB price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Essity AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3.95 |
Essity AB lagged returns against current returns
Autocorrelation, which is Essity 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 Essity AB's stock expected returns. We can calculate the autocorrelation of Essity AB returns to help us make a trade decision. For example, suppose you find that Essity 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 |
Essity 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 Essity AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essity AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essity AB stock over time.
Current vs Lagged Prices |
| Timeline |
Essity AB Lagged Returns
When evaluating Essity AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essity AB stock have on its future price. Essity 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, Essity AB autocorrelation shows the relationship between Essity AB stock current value and its past values and can show if there is a momentum factor associated with investing in Essity AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Essity Stock
Essity AB financial ratios help investors to determine whether Essity 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 Essity with respect to the benefits of owning Essity AB security.