Mantex AB (Sweden) Market Value
| MANTEX Stock | SEK 0.05 0 7.80% |
| Symbol | Mantex |
Mantex 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 Mantex 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 Mantex AB.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Mantex AB on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Mantex AB or generate 0.0% return on investment in Mantex AB over 720 days. Mantex AB is related to or competes with Doxa AB, and Media. Mantex AB manufactures and sells industrial X-ray scanners for bioenergy, pulp and paper, research, and other applicatio... More
Mantex 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 Mantex 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 Mantex AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 46.75 | |||
| Value At Risk | (7.67) | |||
| Potential Upside | 7.67 |
Mantex AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mantex AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mantex AB's standard deviation. In reality, there are many statistical measures that can use Mantex AB historical prices to predict the future Mantex AB's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.48) | |||
| Total Risk Alpha | (2.28) | |||
| Treynor Ratio | (1.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mantex 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.
Mantex AB Backtested Returns
Mantex AB has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Mantex AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mantex AB's Risk Adjusted Performance of (0.15), standard deviation of 6.79, and Mean Deviation of 4.18 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Mantex AB returns are very sensitive to returns on the market. As the market goes up or down, Mantex AB is expected to follow. At this point, Mantex AB has a negative expected return of -1.39%. Please make sure to verify Mantex AB's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Mantex AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Mantex AB has very good predictability. Overlapping area represents the amount of predictability between Mantex AB time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Mantex AB price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Mantex AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mantex AB lagged returns against current returns
Autocorrelation, which is Mantex 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 Mantex AB's stock expected returns. We can calculate the autocorrelation of Mantex AB returns to help us make a trade decision. For example, suppose you find that Mantex 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 |
Mantex 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 Mantex AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mantex AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mantex AB stock over time.
Current vs Lagged Prices |
| Timeline |
Mantex AB Lagged Returns
When evaluating Mantex AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mantex AB stock have on its future price. Mantex 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, Mantex AB autocorrelation shows the relationship between Mantex AB stock current value and its past values and can show if there is a momentum factor associated with investing in Mantex AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Mantex Stock
Mantex AB financial ratios help investors to determine whether Mantex 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 Mantex with respect to the benefits of owning Mantex AB security.