OssDsign (Sweden) Market Value
| OSSD Stock | SEK 9.00 0.16 1.81% |
| Symbol | OssDsign |
OssDsign '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 OssDsign'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 OssDsign.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in OssDsign on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding OssDsign AB or generate 0.0% return on investment in OssDsign over 450 days. OssDsign is related to or competes with IZafe Group, Triboron International, KABE Group, IAR Systems, Mekonomen, Embellence Group, and Norva24 Group. OssDsign AB designs, manufactures, and sells implants and material technology for bone regeneration in Sweden, Germany, ... More
OssDsign 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 OssDsign'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 OssDsign AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 6.63 |
OssDsign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OssDsign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OssDsign's standard deviation. In reality, there are many statistical measures that can use OssDsign historical prices to predict the future OssDsign's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | 0.3607 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0961 | |||
| Treynor Ratio | (2.02) |
OssDsign AB Backtested Returns
OssDsign appears to be slightly risky, given 3 months investment horizon. OssDsign AB maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OssDsign AB, which you can use to evaluate the volatility of the company. Please evaluate OssDsign's Semi Deviation of 2.0, coefficient of variation of 1007.89, and Risk Adjusted Performance of 0.0837 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OssDsign holds a performance score of 10. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OssDsign are expected to decrease at a much lower rate. During the bear market, OssDsign is likely to outperform the market. Please check OssDsign's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether OssDsign's historical price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
OssDsign AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OssDsign time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd of December 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 OssDsign AB price movement. The serial correlation of -0.8 indicates that around 80.0% of current OssDsign price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
OssDsign AB lagged returns against current returns
Autocorrelation, which is OssDsign 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 OssDsign's stock expected returns. We can calculate the autocorrelation of OssDsign returns to help us make a trade decision. For example, suppose you find that OssDsign 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 |
OssDsign 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 OssDsign stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OssDsign stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OssDsign stock over time.
Current vs Lagged Prices |
| Timeline |
OssDsign Lagged Returns
When evaluating OssDsign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OssDsign stock have on its future price. OssDsign 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, OssDsign autocorrelation shows the relationship between OssDsign stock current value and its past values and can show if there is a momentum factor associated with investing in OssDsign AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for OssDsign Stock Analysis
When running OssDsign's price analysis, check to measure OssDsign's 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 OssDsign is operating at the current time. Most of OssDsign's value examination focuses on studying past and present price action to predict the probability of OssDsign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OssDsign's price. Additionally, you may evaluate how the addition of OssDsign to your portfolios can decrease your overall portfolio volatility.