Probi AB (Sweden) Market Value
| PROB Stock | SEK 351.00 1.00 0.29% |
| Symbol | Probi |
Probi 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 Probi 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 Probi AB.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Probi AB on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Probi AB or generate 0.0% return on investment in Probi AB over 510 days. Probi AB is related to or competes with BioGaia AB, CellaVision, Biotage AB, Vitrolife, and RaySearch Laboratories. Probi AB , a bioengineering company, researches, develops, manufactures, markets, and sells probiotics for food, health,... More
Probi 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 Probi 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 Probi AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.0699 | |||
| Maximum Drawdown | 42.97 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 5.02 |
Probi AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Probi AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Probi AB's standard deviation. In reality, there are many statistical measures that can use Probi AB historical prices to predict the future Probi AB's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.4931 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.1305 | |||
| Treynor Ratio | 1.63 |
Probi AB Backtested Returns
Probi AB appears to be very steady, given 3 months investment horizon. Probi AB maintains Sharpe Ratio (i.e., Efficiency) of 0.0914, which implies the firm had a 0.0914% return per unit of risk over the last 3 months. By analyzing Probi AB's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Probi AB's Semi Deviation of 2.51, risk adjusted performance of 0.0787, and Coefficient Of Variation of 1091.38 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Probi AB holds a performance score of 7. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Probi AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Probi AB is expected to be smaller as well. Please check Probi AB's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Probi AB's historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Probi AB has good predictability. Overlapping area represents the amount of predictability between Probi AB 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 Probi AB price movement. The serial correlation of 0.72 indicates that around 72.0% of current Probi AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1209.35 |
Probi AB lagged returns against current returns
Autocorrelation, which is Probi 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 Probi AB's stock expected returns. We can calculate the autocorrelation of Probi AB returns to help us make a trade decision. For example, suppose you find that Probi 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 |
Probi 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 Probi AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Probi AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Probi AB stock over time.
Current vs Lagged Prices |
| Timeline |
Probi AB Lagged Returns
When evaluating Probi AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Probi AB stock have on its future price. Probi 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, Probi AB autocorrelation shows the relationship between Probi AB stock current value and its past values and can show if there is a momentum factor associated with investing in Probi AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Probi Stock Analysis
When running Probi AB's price analysis, check to measure Probi AB'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 Probi AB is operating at the current time. Most of Probi AB's value examination focuses on studying past and present price action to predict the probability of Probi AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Probi AB's price. Additionally, you may evaluate how the addition of Probi AB to your portfolios can decrease your overall portfolio volatility.