Sandvik Ab Stock Market Value
| SDVKF Stock | USD 18.27 0.04 0.22% |
| Symbol | Sandvik |
Sandvik 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 Sandvik AB's pink sheet 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 Sandvik AB.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sandvik AB on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sandvik AB or generate 0.0% return on investment in Sandvik AB over 180 days. Sandvik AB is related to or competes with Schneider Electric, KONE Oyj, Atlas Copco, Sandvik AB, Fanuc, Rockwell Automation, and Vestas Wind. Sandvik AB operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing... More
Sandvik 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 Sandvik AB's pink sheet 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 Sandvik AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.25 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 1.34 |
Sandvik AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandvik AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandvik AB's standard deviation. In reality, there are many statistical measures that can use Sandvik AB historical prices to predict the future Sandvik AB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (1.00) |
Sandvik AB Backtested Returns
Sandvik AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Sandvik AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sandvik AB's Variance of 4.0, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,088) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sandvik AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sandvik AB is expected to be smaller as well. At this point, Sandvik AB has a negative expected return of -0.21%. Please make sure to validate Sandvik AB's skewness, as well as the relationship between the day median price and relative strength index , to decide if Sandvik AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Sandvik AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sandvik AB time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Sandvik AB price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Sandvik AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
Sandvik AB lagged returns against current returns
Autocorrelation, which is Sandvik AB pink sheet'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 Sandvik AB's pink sheet expected returns. We can calculate the autocorrelation of Sandvik AB returns to help us make a trade decision. For example, suppose you find that Sandvik AB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sandvik 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 Sandvik AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandvik AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandvik AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sandvik AB Lagged Returns
When evaluating Sandvik AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandvik AB pink sheet have on its future price. Sandvik 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, Sandvik AB autocorrelation shows the relationship between Sandvik AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sandvik AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sandvik Pink Sheet
Sandvik AB financial ratios help investors to determine whether Sandvik Pink Sheet 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 Sandvik with respect to the benefits of owning Sandvik AB security.