Image Systems (Sweden) Market Value
| IS Stock | SEK 1.98 0.05 2.59% |
| Symbol | Image |
Image Systems '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 Image Systems' 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 Image Systems.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Image Systems on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Image Systems AB or generate 0.0% return on investment in Image Systems over 690 days. Image Systems is related to or competes with Precise Biometrics, Anoto Group, Bong AB, Episurf Medical, and Eniro AB. Image Systems AB provides non-contact measurement products and systems worldwide More
Image Systems 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 Image Systems' 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 Image Systems AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 36.33 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 4.95 |
Image Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Image Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Image Systems' standard deviation. In reality, there are many statistical measures that can use Image Systems historical prices to predict the future Image Systems' volatility.| Risk Adjusted Performance | 0.1153 | |||
| Jensen Alpha | 0.6213 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1717 | |||
| Treynor Ratio | 1.76 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Image Systems' 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.
Image Systems AB Backtested Returns
Image Systems appears to be very risky, given 3 months investment horizon. Image Systems AB holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Image Systems' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Image Systems' Market Risk Adjusted Performance of 1.77, downside deviation of 3.2, and Risk Adjusted Performance of 0.1153 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Image Systems holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Image Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Image Systems is expected to be smaller as well. Please check Image Systems' standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Image Systems' current trending patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Image Systems AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Image Systems time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Image Systems AB price movement. The serial correlation of -0.19 indicates that over 19.0% of current Image Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Image Systems AB lagged returns against current returns
Autocorrelation, which is Image Systems 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 Image Systems' stock expected returns. We can calculate the autocorrelation of Image Systems returns to help us make a trade decision. For example, suppose you find that Image Systems 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 |
Image Systems 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 Image Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Image Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Image Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Image Systems Lagged Returns
When evaluating Image Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Image Systems stock have on its future price. Image Systems 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, Image Systems autocorrelation shows the relationship between Image Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Image Systems AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Image Stock Analysis
When running Image Systems' price analysis, check to measure Image Systems' 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 Image Systems is operating at the current time. Most of Image Systems' value examination focuses on studying past and present price action to predict the probability of Image Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Image Systems' price. Additionally, you may evaluate how the addition of Image Systems to your portfolios can decrease your overall portfolio volatility.