NIBE Industrier (Sweden) Market Value
| NIBE-B Stock | SEK 48.62 2.87 6.27% |
| Symbol | NIBE |
NIBE 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 NIBE 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 NIBE Industrier.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in NIBE Industrier on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding NIBE Industrier AB or generate 0.0% return on investment in NIBE Industrier over 510 days. NIBE Industrier is related to or competes with Hexagon AB, Investor, Investment, ASSA ABLOY, and Sinch AB. NIBE Industrier AB , together with its subsidiaries, operates as a heating technology company in Nordic countries, Rest ... More
NIBE 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 NIBE 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 NIBE Industrier AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 6.17 |
NIBE Industrier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIBE Industrier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIBE Industrier's standard deviation. In reality, there are many statistical measures that can use NIBE Industrier historical prices to predict the future NIBE Industrier's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.1491 |
NIBE Industrier AB Backtested Returns
NIBE Industrier AB retains Efficiency (Sharpe Ratio) of -0.0113, which conveys that the firm had a -0.0113% return per unit of risk over the last 3 months. NIBE Industrier exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIBE Industrier's Coefficient Of Variation of (3,868), market risk adjusted performance of 0.1591, and Mean Deviation of 1.97 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NIBE Industrier are expected to decrease at a much lower rate. During the bear market, NIBE Industrier is likely to outperform the market. At this point, NIBE Industrier AB has a negative expected return of -0.0309%. Please make sure to verify NIBE Industrier's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if NIBE Industrier AB performance from the past will be repeated in the future.
Auto-correlation | 0.32 |
Below average predictability
NIBE Industrier AB has below average predictability. Overlapping area represents the amount of predictability between NIBE Industrier time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 NIBE Industrier AB price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current NIBE Industrier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 11.57 |
NIBE Industrier AB lagged returns against current returns
Autocorrelation, which is NIBE 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 NIBE Industrier's stock expected returns. We can calculate the autocorrelation of NIBE Industrier returns to help us make a trade decision. For example, suppose you find that NIBE 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 |
NIBE 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 NIBE Industrier stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIBE Industrier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIBE Industrier stock over time.
Current vs Lagged Prices |
| Timeline |
NIBE Industrier Lagged Returns
When evaluating NIBE Industrier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIBE Industrier stock have on its future price. NIBE 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, NIBE Industrier autocorrelation shows the relationship between NIBE Industrier stock current value and its past values and can show if there is a momentum factor associated with investing in NIBE Industrier AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in NIBE Stock
NIBE Industrier financial ratios help investors to determine whether NIBE 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 NIBE with respect to the benefits of owning NIBE Industrier security.