Smart Eye (Sweden) Market Value
| SEYE Stock | SEK 61.40 2.10 3.54% |
| Symbol | Smart |
Smart Eye '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 Smart Eye'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 Smart Eye.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Smart Eye on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Smart Eye AB or generate 0.0% return on investment in Smart Eye over 30 days. Smart Eye is related to or competes with Lifco AB, Lagercrantz Group, Addtech AB, Instalco Intressenter, and AddLife AB. Smart Eye AB develops artificial intelligence powered eye-tracking technology that understands, assists, and predicts hu... More
Smart Eye 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 Smart Eye'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 Smart Eye AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.54 |
Smart Eye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Eye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart Eye's standard deviation. In reality, there are many statistical measures that can use Smart Eye historical prices to predict the future Smart Eye's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (6.08) |
Smart Eye AB Backtested Returns
Smart Eye AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Smart Eye AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smart Eye's Risk Adjusted Performance of (0.10), variance of 7.75, and Coefficient Of Variation of (682.00) to confirm the risk estimate we provide. The entity has a beta of 0.0688, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smart Eye's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smart Eye is expected to be smaller as well. At this point, Smart Eye AB has a negative expected return of -0.4%. Please make sure to validate Smart Eye's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Smart Eye AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Smart Eye AB has poor reverse predictability. Overlapping area represents the amount of predictability between Smart Eye time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Smart Eye AB price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Smart Eye price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 4.85 |
Smart Eye AB lagged returns against current returns
Autocorrelation, which is Smart Eye 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 Smart Eye's stock expected returns. We can calculate the autocorrelation of Smart Eye returns to help us make a trade decision. For example, suppose you find that Smart Eye 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 |
Smart Eye 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 Smart Eye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart Eye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart Eye stock over time.
Current vs Lagged Prices |
| Timeline |
Smart Eye Lagged Returns
When evaluating Smart Eye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart Eye stock have on its future price. Smart Eye 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, Smart Eye autocorrelation shows the relationship between Smart Eye stock current value and its past values and can show if there is a momentum factor associated with investing in Smart Eye AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Smart Stock Analysis
When running Smart Eye's price analysis, check to measure Smart Eye'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 Smart Eye is operating at the current time. Most of Smart Eye's value examination focuses on studying past and present price action to predict the probability of Smart Eye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smart Eye's price. Additionally, you may evaluate how the addition of Smart Eye to your portfolios can decrease your overall portfolio volatility.