Skanska AB (Sweden) Market Value
| SKA-B Stock | SEK 218.30 3.50 1.58% |
| Symbol | Skanska |
Skanska AB '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 Skanska AB'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 Skanska AB.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Skanska AB on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Skanska AB or generate 0.0% return on investment in Skanska AB over 60 days. Skanska AB is related to or competes with AB SKF, Tele2 AB, AB Electrolux, Sandvik AB, and Alfa Laval. Skanska AB , a construction and project development company, develops and constructs commercial properties, and resident... More
Skanska AB 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 Skanska AB'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 Skanska AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.8 |
Skanska AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skanska AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skanska AB's standard deviation. In reality, there are many statistical measures that can use Skanska AB historical prices to predict the future Skanska AB's volatility.| Risk Adjusted Performance | 0.0796 | |||
| Jensen Alpha | 0.0564 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.292 |
Skanska AB Backtested Returns
Currently, Skanska AB is very steady. Skanska AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0813, which indicates the firm had a 0.0813% return per unit of risk over the last 3 months. We have found thirty technical indicators for Skanska AB, which you can use to evaluate the volatility of the company. Please validate Skanska AB's Risk Adjusted Performance of 0.0796, coefficient of variation of 995.02, and Semi Deviation of 0.8293 to confirm if the risk estimate we provide is consistent with the expected return of 0.0858%. Skanska AB has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skanska AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skanska AB is expected to be smaller as well. Skanska AB right now has a risk of 1.06%. Please validate Skanska AB semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Skanska AB will be following its existing price patterns.
Auto-correlation | 0.43 |
Average predictability
Skanska AB has average predictability. Overlapping area represents the amount of predictability between Skanska AB time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Skanska AB price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Skanska AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 13.32 |
Skanska AB lagged returns against current returns
Autocorrelation, which is Skanska AB 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 Skanska AB's stock expected returns. We can calculate the autocorrelation of Skanska AB returns to help us make a trade decision. For example, suppose you find that Skanska AB 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 |
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Skanska AB 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 Skanska AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skanska AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skanska AB stock over time.
Current vs Lagged Prices |
| Timeline |
Skanska AB Lagged Returns
When evaluating Skanska AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skanska AB stock have on its future price. Skanska AB 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, Skanska AB autocorrelation shows the relationship between Skanska AB stock current value and its past values and can show if there is a momentum factor associated with investing in Skanska AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Skanska Stock Analysis
When running Skanska AB's price analysis, check to measure Skanska AB'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 Skanska AB is operating at the current time. Most of Skanska AB's value examination focuses on studying past and present price action to predict the probability of Skanska AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skanska AB's price. Additionally, you may evaluate how the addition of Skanska AB to your portfolios can decrease your overall portfolio volatility.