Sectra AB (Sweden) Market Value
| SECT-B Stock | SEK 284.70 1.10 0.39% |
| Symbol | Sectra |
Sectra 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 Sectra AB'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 Sectra AB.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sectra AB on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sectra AB or generate 0.0% return on investment in Sectra AB over 30 days. Sectra AB is related to or competes with ADDvise Group, Hanza AB, Awardit AB, Doxa AB, and Advenica. Sectra AB provides IT systems for managing medical images and patient information related to diagnostic imaging More
Sectra 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 Sectra AB'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 Sectra AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.77 |
Sectra AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sectra AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sectra AB's standard deviation. In reality, there are many statistical measures that can use Sectra AB historical prices to predict the future Sectra AB's volatility.| Risk Adjusted Performance | 0.1385 | |||
| Jensen Alpha | 0.2031 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.0825 | |||
| Treynor Ratio | 0.4952 |
Sectra AB Backtested Returns
Sectra AB appears to be very steady, given 3 months investment horizon. Sectra AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sectra AB, which you can use to evaluate the volatility of the company. Please review Sectra AB's Coefficient Of Variation of 573.96, risk adjusted performance of 0.1385, and Semi Deviation of 1.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sectra AB holds a performance score of 15. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sectra AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sectra AB is expected to be smaller as well. Please check Sectra AB's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sectra AB's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Sectra AB has average predictability. Overlapping area represents the amount of predictability between Sectra AB time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Sectra AB price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Sectra AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 23.28 |
Sectra AB lagged returns against current returns
Autocorrelation, which is Sectra AB 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 Sectra AB's stock expected returns. We can calculate the autocorrelation of Sectra AB returns to help us make a trade decision. For example, suppose you find that Sectra AB 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 |
Sectra 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 Sectra AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sectra AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sectra AB stock over time.
Current vs Lagged Prices |
| Timeline |
Sectra AB Lagged Returns
When evaluating Sectra AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sectra AB stock have on its future price. Sectra 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, Sectra AB autocorrelation shows the relationship between Sectra AB stock current value and its past values and can show if there is a momentum factor associated with investing in Sectra AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sectra Stock
Sectra AB financial ratios help investors to determine whether Sectra 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 Sectra with respect to the benefits of owning Sectra AB security.