Simris Alg (Sweden) Market Value
| SIMRIS-B | SEK 0.09 0.0006 0.66% |
| Symbol | Simris |
Simris Alg '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 Simris Alg'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 Simris Alg.
| 03/11/2023 |
| 02/28/2025 |
If you would invest 0.00 in Simris Alg on March 11, 2023 and sell it all today you would earn a total of 0.00 from holding Simris Alg AB or generate 0.0% return on investment in Simris Alg over 720 days. Simris Alg is related to or competes with SenzaGen, AAK AB, Scibase AB, and Scandinavian Enviro. Simris Alg AB manufactures and sells dietary supplements and algae-based foods in Sweden and internationally More
Simris Alg 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 Simris Alg'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 Simris Alg AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.23 | |||
| Information Ratio | 0.0636 | |||
| Maximum Drawdown | 90.62 | |||
| Value At Risk | (13.22) | |||
| Potential Upside | 15.14 |
Simris Alg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simris Alg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simris Alg's standard deviation. In reality, there are many statistical measures that can use Simris Alg historical prices to predict the future Simris Alg's volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 0.7542 | |||
| Total Risk Alpha | 1.14 | |||
| Sortino Ratio | 0.0946 | |||
| Treynor Ratio | (14.70) |
Simris Alg AB Backtested Returns
Simris Alg appears to be out of control, given 3 months investment horizon. Simris Alg AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0734, which indicates the firm had a 0.0734 % return per unit of risk over the last 3 months. By inspecting Simris Alg's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please review Simris Alg's Risk Adjusted Performance of 0.0554, semi deviation of 7.42, and Coefficient Of Variation of 1599.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Simris Alg holds a performance score of 5. The entity has a beta of -0.0514, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Simris Alg are expected to decrease at a much lower rate. During the bear market, Simris Alg is likely to outperform the market. Please check Simris Alg's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Simris Alg's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Simris Alg AB has modest predictability. Overlapping area represents the amount of predictability between Simris Alg time series from 11th of March 2023 to 5th of March 2024 and 5th of March 2024 to 28th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Simris Alg AB price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Simris Alg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Simris Alg AB lagged returns against current returns
Autocorrelation, which is Simris Alg 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 Simris Alg's stock expected returns. We can calculate the autocorrelation of Simris Alg returns to help us make a trade decision. For example, suppose you find that Simris Alg 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 |
Simris Alg 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 Simris Alg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simris Alg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simris Alg stock over time.
Current vs Lagged Prices |
| Timeline |
Simris Alg Lagged Returns
When evaluating Simris Alg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simris Alg stock have on its future price. Simris Alg 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, Simris Alg autocorrelation shows the relationship between Simris Alg stock current value and its past values and can show if there is a momentum factor associated with investing in Simris Alg AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Simris Stock
Simris Alg financial ratios help investors to determine whether Simris 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 Simris with respect to the benefits of owning Simris Alg security.