Svenska Cellulosa (Sweden) Market Value
| SCA-A Stock | SEK 140.20 0.40 0.28% |
| Symbol | Svenska |
Svenska Cellulosa '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 Svenska Cellulosa'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 Svenska Cellulosa.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Svenska Cellulosa on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Svenska Cellulosa Aktiebolaget or generate 0.0% return on investment in Svenska Cellulosa over 720 days. Svenska Cellulosa is related to or competes with Svenska Cellulosa, Holmen AB, Industrivarden, Stora Enso, and AB SKF. Svenska Cellulosa Aktiebolaget SCA , a forest products company, develops, produces, and sells forest, wood, pulp, and pa... More
Svenska Cellulosa 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 Svenska Cellulosa'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 Svenska Cellulosa Aktiebolaget upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.26 |
Svenska Cellulosa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Svenska Cellulosa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Svenska Cellulosa's standard deviation. In reality, there are many statistical measures that can use Svenska Cellulosa historical prices to predict the future Svenska Cellulosa's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.46) |
Svenska Cellulosa Backtested Returns
Svenska Cellulosa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0054, which indicates the firm had a -0.0054% return per unit of risk over the last 3 months. Svenska Cellulosa Aktiebolaget exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Svenska Cellulosa's Semi Deviation of 1.49, risk adjusted performance of 0.0286, and Coefficient Of Variation of 3293.82 to confirm the risk estimate we provide. The entity has a beta of -0.0879, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Svenska Cellulosa are expected to decrease at a much lower rate. During the bear market, Svenska Cellulosa is likely to outperform the market. At this point, Svenska Cellulosa has a negative expected return of -0.0089%. Please make sure to validate Svenska Cellulosa's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Svenska Cellulosa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Svenska Cellulosa Aktiebolaget has weak reverse predictability. Overlapping area represents the amount of predictability between Svenska Cellulosa time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Svenska Cellulosa price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Svenska Cellulosa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 79.46 |
Svenska Cellulosa lagged returns against current returns
Autocorrelation, which is Svenska Cellulosa 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 Svenska Cellulosa's stock expected returns. We can calculate the autocorrelation of Svenska Cellulosa returns to help us make a trade decision. For example, suppose you find that Svenska Cellulosa 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 |
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Svenska Cellulosa 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 Svenska Cellulosa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Svenska Cellulosa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Svenska Cellulosa stock over time.
Current vs Lagged Prices |
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Svenska Cellulosa Lagged Returns
When evaluating Svenska Cellulosa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Svenska Cellulosa stock have on its future price. Svenska Cellulosa 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, Svenska Cellulosa autocorrelation shows the relationship between Svenska Cellulosa stock current value and its past values and can show if there is a momentum factor associated with investing in Svenska Cellulosa Aktiebolaget.
Regressed Prices |
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Additional Tools for Svenska Stock Analysis
When running Svenska Cellulosa's price analysis, check to measure Svenska Cellulosa'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 Svenska Cellulosa is operating at the current time. Most of Svenska Cellulosa's value examination focuses on studying past and present price action to predict the probability of Svenska Cellulosa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Svenska Cellulosa's price. Additionally, you may evaluate how the addition of Svenska Cellulosa to your portfolios can decrease your overall portfolio volatility.