Rejlers AB (Sweden) Market Value
| REJL-B Stock | SEK 142.60 1.80 1.25% |
| Symbol | Rejlers |
Rejlers 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 Rejlers 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 Rejlers AB.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Rejlers AB on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Rejlers AB or generate 0.0% return on investment in Rejlers AB over 30 days. Rejlers AB is related to or competes with Proact IT, Nederman Holding, Sweco AB, Rottneros, and Know IT. Rejlers AB provides technical consultancy services to various customers in the construction and property, energy, indust... More
Rejlers 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 Rejlers 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 Rejlers AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.2 |
Rejlers AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rejlers AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rejlers AB's standard deviation. In reality, there are many statistical measures that can use Rejlers AB historical prices to predict the future Rejlers AB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (4.08) |
Rejlers AB Backtested Returns
Rejlers AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0789, which implies the firm had a -0.0789% return per unit of risk over the last 3 months. Rejlers AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rejlers AB's Risk Adjusted Performance of (0.06), variance of 3.26, and Coefficient Of Variation of (1,086) to confirm the risk estimate we provide. The company holds a Beta of 0.0432, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rejlers AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rejlers AB is expected to be smaller as well. At this point, Rejlers AB has a negative expected return of -0.14%. Please make sure to check Rejlers AB's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Rejlers AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Rejlers AB has weak predictability. Overlapping area represents the amount of predictability between Rejlers AB 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 Rejlers AB price movement. The serial correlation of 0.21 indicates that over 21.0% of current Rejlers AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 5.08 |
Rejlers AB lagged returns against current returns
Autocorrelation, which is Rejlers 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 Rejlers AB's stock expected returns. We can calculate the autocorrelation of Rejlers AB returns to help us make a trade decision. For example, suppose you find that Rejlers 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 |
Rejlers 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 Rejlers AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rejlers AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rejlers AB stock over time.
Current vs Lagged Prices |
| Timeline |
Rejlers AB Lagged Returns
When evaluating Rejlers AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rejlers AB stock have on its future price. Rejlers 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, Rejlers AB autocorrelation shows the relationship between Rejlers AB stock current value and its past values and can show if there is a momentum factor associated with investing in Rejlers AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Rejlers Stock
Rejlers AB financial ratios help investors to determine whether Rejlers 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 Rejlers with respect to the benefits of owning Rejlers AB security.