Serstech (Sweden) Market Value
| SERT Stock | SEK 1.25 0.01 0.81% |
| Symbol | Serstech |
Serstech '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 Serstech'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 Serstech.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Serstech on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Serstech AB or generate 0.0% return on investment in Serstech over 30 days. Serstech is related to or competes with Enzymatica Publ, Polygiene, Sprint Bioscience, and Enorama Pharma. Serstech AB provides chemical identification instruments in Europe and Asia More
Serstech 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 Serstech'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 Serstech AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.16 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 29.26 | |||
| Value At Risk | (8.74) | |||
| Potential Upside | 9.57 |
Serstech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Serstech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Serstech's standard deviation. In reality, there are many statistical measures that can use Serstech historical prices to predict the future Serstech's volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | 0.1531 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | (1.57) |
Serstech AB Backtested Returns
Currently, Serstech AB is extremely dangerous. Serstech AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0295, which indicates the firm had a 0.0295% return per unit of risk over the last 3 months. We have found thirty technical indicators for Serstech AB, which you can use to evaluate the volatility of the company. Please validate Serstech's Semi Deviation of 4.31, coefficient of variation of 3385.34, and Risk Adjusted Performance of 0.0312 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Serstech has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0905, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Serstech are expected to decrease at a much lower rate. During the bear market, Serstech is likely to outperform the market. Serstech AB right now has a risk of 5.15%. Please validate Serstech sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Serstech will be following its existing price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Serstech AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Serstech time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Serstech AB price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Serstech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Serstech AB lagged returns against current returns
Autocorrelation, which is Serstech 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 Serstech's stock expected returns. We can calculate the autocorrelation of Serstech returns to help us make a trade decision. For example, suppose you find that Serstech 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 |
Serstech 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 Serstech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Serstech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Serstech stock over time.
Current vs Lagged Prices |
| Timeline |
Serstech Lagged Returns
When evaluating Serstech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Serstech stock have on its future price. Serstech 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, Serstech autocorrelation shows the relationship between Serstech stock current value and its past values and can show if there is a momentum factor associated with investing in Serstech AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Serstech Stock Analysis
When running Serstech's price analysis, check to measure Serstech'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 Serstech is operating at the current time. Most of Serstech's value examination focuses on studying past and present price action to predict the probability of Serstech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Serstech's price. Additionally, you may evaluate how the addition of Serstech to your portfolios can decrease your overall portfolio volatility.