Sedana Medical (Sweden) Market Value
| SEDANA Stock | SEK 12.22 0.40 3.38% |
| Symbol | Sedana |
Sedana Medical '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 Sedana Medical'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 Sedana Medical.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Sedana Medical on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Sedana Medical AB or generate 0.0% return on investment in Sedana Medical over 720 days. Sedana Medical is related to or competes with Genovis AB, Vestum AB, and Karolinska Development. Sedana Medical AB , a medical technology company, develops, markets, and sells medical devices in Sweden and internation... More
Sedana Medical 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 Sedana Medical'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 Sedana Medical AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 35.83 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 5.19 |
Sedana Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sedana Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sedana Medical's standard deviation. In reality, there are many statistical measures that can use Sedana Medical historical prices to predict the future Sedana Medical's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.11) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (0.49) |
Sedana Medical AB Backtested Returns
Sedana Medical AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Sedana Medical AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sedana Medical's Coefficient Of Variation of (581.80), risk adjusted performance of (0.12), and Variance of 26.37 to confirm the risk estimate we provide. The entity has a beta of 1.82, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sedana Medical will likely underperform. At this point, Sedana Medical AB has a negative expected return of -0.86%. Please make sure to validate Sedana Medical's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Sedana Medical AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Sedana Medical AB has poor predictability. Overlapping area represents the amount of predictability between Sedana Medical 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 Sedana Medical AB price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sedana Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 17.81 |
Sedana Medical AB lagged returns against current returns
Autocorrelation, which is Sedana Medical 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 Sedana Medical's stock expected returns. We can calculate the autocorrelation of Sedana Medical returns to help us make a trade decision. For example, suppose you find that Sedana Medical 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 |
Sedana Medical 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 Sedana Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sedana Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sedana Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Sedana Medical Lagged Returns
When evaluating Sedana Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sedana Medical stock have on its future price. Sedana Medical 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, Sedana Medical autocorrelation shows the relationship between Sedana Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Sedana Medical AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sedana Stock
Sedana Medical financial ratios help investors to determine whether Sedana 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 Sedana with respect to the benefits of owning Sedana Medical security.