Idun Industrier (Sweden) Market Value
| IDUN-B Stock | 305.00 14.00 4.39% |
| Symbol | Idun |
Idun Industrier '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 Idun Industrier'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 Idun Industrier.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in Idun Industrier on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Idun Industrier AB or generate 0.0% return on investment in Idun Industrier over 90 days. Idun Industrier is related to or competes with Soder Sportfiske, Clean Motion, Catena Media, G5 Entertainment, I Tech, Raketech Group, and Upsales Technology. More
Idun Industrier 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 Idun Industrier'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 Idun Industrier AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0526 | |||
| Maximum Drawdown | 8.27 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.81 |
Idun Industrier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idun Industrier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idun Industrier's standard deviation. In reality, there are many statistical measures that can use Idun Industrier historical prices to predict the future Idun Industrier's volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.0941 | |||
| Total Risk Alpha | 0.1069 | |||
| Sortino Ratio | 0.0519 | |||
| Treynor Ratio | (1.28) |
Idun Industrier AB Backtested Returns
Idun Industrier appears to be very steady, given 3 months investment horizon. Idun Industrier AB holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Idun Industrier AB, which you can use to evaluate the volatility of the firm. Please utilize Idun Industrier's Market Risk Adjusted Performance of (1.27), downside deviation of 1.91, and Risk Adjusted Performance of 0.0468 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Idun Industrier holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.0737, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Idun Industrier are expected to decrease at a much lower rate. During the bear market, Idun Industrier is likely to outperform the market. Please check Idun Industrier's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Idun Industrier's current trending patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Idun Industrier AB has poor predictability. Overlapping area represents the amount of predictability between Idun Industrier time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 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 Idun Industrier AB price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Idun Industrier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 131.31 |
Idun Industrier AB lagged returns against current returns
Autocorrelation, which is Idun Industrier 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 Idun Industrier's stock expected returns. We can calculate the autocorrelation of Idun Industrier returns to help us make a trade decision. For example, suppose you find that Idun Industrier 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 |
Idun Industrier 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 Idun Industrier stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idun Industrier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idun Industrier stock over time.
Current vs Lagged Prices |
| Timeline |
Idun Industrier Lagged Returns
When evaluating Idun Industrier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idun Industrier stock have on its future price. Idun Industrier 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, Idun Industrier autocorrelation shows the relationship between Idun Industrier stock current value and its past values and can show if there is a momentum factor associated with investing in Idun Industrier AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Idun Stock
Idun Industrier financial ratios help investors to determine whether Idun 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 Idun with respect to the benefits of owning Idun Industrier security.