Scandi Standard (Sweden) Market Value
| SCST Stock | SEK 82.80 0.40 0.48% |
| Symbol | Scandi |
Scandi Standard '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 Scandi Standard'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 Scandi Standard.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Scandi Standard on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Scandi Standard publ or generate 0.0% return on investment in Scandi Standard over 180 days. Scandi Standard is related to or competes with Cloetta AB, Inwido AB, Peab AB, Byggmax Group, and AcadeMedia. Scandi Standard AB develops, slaughters, produces, markets, and sells chicken products in Denmark, Norway, Sweden, Finla... More
Scandi Standard 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 Scandi Standard'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 Scandi Standard publ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.04 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.37 |
Scandi Standard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandi Standard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandi Standard's standard deviation. In reality, there are many statistical measures that can use Scandi Standard historical prices to predict the future Scandi Standard's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.11) |
Scandi Standard publ Backtested Returns
Scandi Standard publ owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0296, which indicates the firm had a -0.0296% return per unit of risk over the last 3 months. Scandi Standard publ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scandi Standard's Variance of 0.8866, coefficient of variation of (3,212), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scandi Standard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scandi Standard is expected to be smaller as well. At this point, Scandi Standard publ has a negative expected return of -0.0281%. Please make sure to validate Scandi Standard's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Scandi Standard publ performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Scandi Standard publ has poor reverse predictability. Overlapping area represents the amount of predictability between Scandi Standard time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Scandi Standard publ price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Scandi Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 3.87 |
Scandi Standard publ lagged returns against current returns
Autocorrelation, which is Scandi Standard 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 Scandi Standard's stock expected returns. We can calculate the autocorrelation of Scandi Standard returns to help us make a trade decision. For example, suppose you find that Scandi Standard 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 |
Scandi Standard 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 Scandi Standard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandi Standard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandi Standard stock over time.
Current vs Lagged Prices |
| Timeline |
Scandi Standard Lagged Returns
When evaluating Scandi Standard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandi Standard stock have on its future price. Scandi Standard 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, Scandi Standard autocorrelation shows the relationship between Scandi Standard stock current value and its past values and can show if there is a momentum factor associated with investing in Scandi Standard publ.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scandi Stock Analysis
When running Scandi Standard's price analysis, check to measure Scandi Standard'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 Scandi Standard is operating at the current time. Most of Scandi Standard's value examination focuses on studying past and present price action to predict the probability of Scandi Standard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandi Standard's price. Additionally, you may evaluate how the addition of Scandi Standard to your portfolios can decrease your overall portfolio volatility.