Sdiptech (Sweden) Market Value
| SDIP-PREF | SEK 122.50 0.50 0.41% |
| Symbol | Sdiptech |
Sdiptech '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 Sdiptech'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 Sdiptech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sdiptech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sdiptech AB or generate 0.0% return on investment in Sdiptech over 30 days. Sdiptech is related to or competes with AB Sagax, ALM Equity, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, and EEducation Albert. Sdiptech AB provides technical products and services for urban infrastructures in Sweden More
Sdiptech 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 Sdiptech'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 Sdiptech AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9972 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.22 |
Sdiptech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sdiptech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sdiptech's standard deviation. In reality, there are many statistical measures that can use Sdiptech historical prices to predict the future Sdiptech's volatility.| Risk Adjusted Performance | 0.0092 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0534 |
Sdiptech AB Backtested Returns
Currently, Sdiptech AB is very steady. Sdiptech AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0277, which indicates the firm had a 0.0277% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sdiptech AB, which you can use to evaluate the volatility of the company. Please validate Sdiptech's Risk Adjusted Performance of 0.0092, coefficient of variation of 8756.65, and Semi Deviation of 0.7596 to confirm if the risk estimate we provide is consistent with the expected return of 0.0221%. Sdiptech has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0162, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sdiptech are expected to decrease at a much lower rate. During the bear market, Sdiptech is likely to outperform the market. Sdiptech AB right now has a risk of 0.8%. Please validate Sdiptech standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Sdiptech will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Sdiptech AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Sdiptech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Sdiptech AB price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Sdiptech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Sdiptech AB lagged returns against current returns
Autocorrelation, which is Sdiptech 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 Sdiptech's stock expected returns. We can calculate the autocorrelation of Sdiptech returns to help us make a trade decision. For example, suppose you find that Sdiptech 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 |
Sdiptech 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 Sdiptech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sdiptech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sdiptech stock over time.
Current vs Lagged Prices |
| Timeline |
Sdiptech Lagged Returns
When evaluating Sdiptech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sdiptech stock have on its future price. Sdiptech 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, Sdiptech autocorrelation shows the relationship between Sdiptech stock current value and its past values and can show if there is a momentum factor associated with investing in Sdiptech AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sdiptech Stock Analysis
When running Sdiptech's price analysis, check to measure Sdiptech'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 Sdiptech is operating at the current time. Most of Sdiptech's value examination focuses on studying past and present price action to predict the probability of Sdiptech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sdiptech's price. Additionally, you may evaluate how the addition of Sdiptech to your portfolios can decrease your overall portfolio volatility.