RaySearch Laboratories (Sweden) Market Value
| RAY-B Stock | SEK 200.00 0.40 0.20% |
| Symbol | RaySearch |
RaySearch Laboratories '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 RaySearch Laboratories' 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 RaySearch Laboratories.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in RaySearch Laboratories on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding RaySearch Laboratories AB or generate 0.0% return on investment in RaySearch Laboratories over 30 days. RaySearch Laboratories is related to or competes with Elekta AB, Vitrolife, CellaVision, Probi AB, and Biotage AB. RaySearch Laboratories AB operates as a medical technology company that develops software solutions for cancer treatment... More
RaySearch Laboratories 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 RaySearch Laboratories' 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 RaySearch Laboratories AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.0936 | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.74 |
RaySearch Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RaySearch Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RaySearch Laboratories' standard deviation. In reality, there are many statistical measures that can use RaySearch Laboratories historical prices to predict the future RaySearch Laboratories' volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.3574 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1343 | |||
| Treynor Ratio | 1.19 |
RaySearch Laboratories Backtested Returns
RaySearch Laboratories appears to be very steady, given 3 months investment horizon. RaySearch Laboratories 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 thirty technical indicators for RaySearch Laboratories, which you can use to evaluate the volatility of the company. Please evaluate RaySearch Laboratories' Semi Deviation of 1.57, coefficient of variation of 725.51, and Risk Adjusted Performance of 0.1131 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RaySearch Laboratories holds a performance score of 10. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RaySearch Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding RaySearch Laboratories is expected to be smaller as well. Please check RaySearch Laboratories' downside variance, expected short fall, and the relationship between the potential upside and semi variance , to make a quick decision on whether RaySearch Laboratories' historical price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
RaySearch Laboratories AB has modest predictability. Overlapping area represents the amount of predictability between RaySearch Laboratories time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 RaySearch Laboratories price movement. The serial correlation of 0.54 indicates that about 54.0% of current RaySearch Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 16.55 |
RaySearch Laboratories lagged returns against current returns
Autocorrelation, which is RaySearch Laboratories 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 RaySearch Laboratories' stock expected returns. We can calculate the autocorrelation of RaySearch Laboratories returns to help us make a trade decision. For example, suppose you find that RaySearch Laboratories 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 |
RaySearch Laboratories 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 RaySearch Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RaySearch Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RaySearch Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
RaySearch Laboratories Lagged Returns
When evaluating RaySearch Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RaySearch Laboratories stock have on its future price. RaySearch Laboratories 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, RaySearch Laboratories autocorrelation shows the relationship between RaySearch Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in RaySearch Laboratories AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for RaySearch Stock Analysis
When running RaySearch Laboratories' price analysis, check to measure RaySearch Laboratories' 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 RaySearch Laboratories is operating at the current time. Most of RaySearch Laboratories' value examination focuses on studying past and present price action to predict the probability of RaySearch Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RaySearch Laboratories' price. Additionally, you may evaluate how the addition of RaySearch Laboratories to your portfolios can decrease your overall portfolio volatility.