AB Sagax (Sweden) Market Value
| SAGA-A Stock | SEK 238.00 3.00 1.28% |
| Symbol | SAGA-A |
AB Sagax '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 AB Sagax'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 AB Sagax.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AB Sagax on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AB Sagax or generate 0.0% return on investment in AB Sagax over 510 days. AB Sagax is related to or competes with Svenska Handelsbanken, COOR Service, Arctic Blue, SaveLend Group, Skandinaviska Enskilda, Filo Mining, and Kinnevik Investment. AB Sagax operates as a property company in Sweden, Finland, France, Germany, the Netherlands, and Denmark More
AB Sagax 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 AB Sagax'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 AB Sagax upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.51 |
AB Sagax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Sagax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Sagax's standard deviation. In reality, there are many statistical measures that can use AB Sagax historical prices to predict the future AB Sagax's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (4.65) |
AB Sagax Backtested Returns
AB Sagax retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of price deviation over the last 3 months. AB Sagax exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Sagax's Market Risk Adjusted Performance of (4.64), information ratio of (0.18), and Variance of 3.9 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0521, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AB Sagax's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Sagax is expected to be smaller as well. At this point, AB Sagax has a negative expected return of -0.23%. Please make sure to confirm AB Sagax's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if AB Sagax performance from the past will be repeated sooner or later.
Auto-correlation | -0.27 |
Weak reverse predictability
AB Sagax has weak reverse predictability. Overlapping area represents the amount of predictability between AB Sagax 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 AB Sagax price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current AB Sagax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 184.15 |
AB Sagax lagged returns against current returns
Autocorrelation, which is AB Sagax 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 AB Sagax's stock expected returns. We can calculate the autocorrelation of AB Sagax returns to help us make a trade decision. For example, suppose you find that AB Sagax 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 |
AB Sagax 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 AB Sagax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Sagax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Sagax stock over time.
Current vs Lagged Prices |
| Timeline |
AB Sagax Lagged Returns
When evaluating AB Sagax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Sagax stock have on its future price. AB Sagax 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, AB Sagax autocorrelation shows the relationship between AB Sagax stock current value and its past values and can show if there is a momentum factor associated with investing in AB Sagax.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in SAGA-A Stock
AB Sagax financial ratios help investors to determine whether SAGA-A 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 SAGA-A with respect to the benefits of owning AB Sagax security.