Solid FAB (Sweden) Market Value
| SFAB Stock | 85.60 1.00 1.18% |
| Symbol | Solid |
Solid FAB '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 Solid FAB'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 Solid FAB.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Solid FAB on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Solid FAB or generate 0.0% return on investment in Solid FAB over 720 days. Solid FAB is related to or competes with Resurs Holding, Scandi Standard, Svedbergs, Svolder AB, and Nordic Waterproofing. More
Solid FAB 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 Solid FAB'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 Solid FAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.79 |
Solid FAB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solid FAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solid FAB's standard deviation. In reality, there are many statistical measures that can use Solid FAB historical prices to predict the future Solid FAB's volatility.| Risk Adjusted Performance | 0.0121 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.09) |
Solid FAB Backtested Returns
Currently, Solid FAB is very steady. Solid FAB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0179, which indicates the firm had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Solid FAB, which you can use to evaluate the volatility of the company. Please validate Solid FAB's Coefficient Of Variation of 11740.8, risk adjusted performance of 0.0121, and Semi Deviation of 1.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.0308%. Solid FAB has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0547, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solid FAB are expected to decrease at a much lower rate. During the bear market, Solid FAB is likely to outperform the market. Solid FAB right now has a risk of 1.72%. Please validate Solid FAB sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Solid FAB will be following its existing price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Solid FAB has weak reverse predictability. Overlapping area represents the amount of predictability between Solid FAB 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 Solid FAB price movement. The serial correlation of -0.25 indicates that over 25.0% of current Solid FAB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 147.3 |
Solid FAB lagged returns against current returns
Autocorrelation, which is Solid FAB 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 Solid FAB's stock expected returns. We can calculate the autocorrelation of Solid FAB returns to help us make a trade decision. For example, suppose you find that Solid FAB 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 |
Solid FAB 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 Solid FAB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solid FAB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solid FAB stock over time.
Current vs Lagged Prices |
| Timeline |
Solid FAB Lagged Returns
When evaluating Solid FAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solid FAB stock have on its future price. Solid FAB 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, Solid FAB autocorrelation shows the relationship between Solid FAB stock current value and its past values and can show if there is a momentum factor associated with investing in Solid FAB.
Regressed Prices |
| Timeline |
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Additional Tools for Solid Stock Analysis
When running Solid FAB's price analysis, check to measure Solid FAB'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 Solid FAB is operating at the current time. Most of Solid FAB's value examination focuses on studying past and present price action to predict the probability of Solid FAB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid FAB's price. Additionally, you may evaluate how the addition of Solid FAB to your portfolios can decrease your overall portfolio volatility.