Ssab Ab Adr Stock Market Value
| SSAAY Stock | USD 2.27 0.07 2.99% |
| Symbol | SSAB |
SSAB 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 SSAB AB's pink sheet 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 SSAB AB.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in SSAB AB on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding SSAB AB ADR or generate 0.0% return on investment in SSAB AB over 180 days. SSAB AB is related to or competes with Gerdau SA, Usinas Siderurgicas, and Ternium SA. SSAB AB produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark, and internationally More
SSAB 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 SSAB AB's pink sheet 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 SSAB AB ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.84 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.65 |
SSAB AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSAB AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSAB AB's standard deviation. In reality, there are many statistical measures that can use SSAB AB historical prices to predict the future SSAB AB's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.13) |
SSAB AB ADR Backtested Returns
SSAB AB ADR retains Efficiency (Sharpe Ratio) of -0.0126, which indicates the firm had a -0.0126% return per unit of risk over the last 3 months. SSAB AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SSAB AB's risk adjusted performance of (0.02), and Standard Deviation of 3.12 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.87, which indicates possible diversification benefits within a given portfolio. SSAB AB returns are very sensitive to returns on the market. As the market goes up or down, SSAB AB is expected to follow. At this point, SSAB AB ADR has a negative expected return of -0.0396%. Please make sure to validate SSAB AB's jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if SSAB AB ADR performance from the past will be repeated at future time.
Auto-correlation | -0.18 |
Insignificant reverse predictability
SSAB AB ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between SSAB AB time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 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 SSAB AB ADR price movement. The serial correlation of -0.18 indicates that over 18.0% of current SSAB AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SSAB AB ADR lagged returns against current returns
Autocorrelation, which is SSAB AB pink sheet'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 SSAB AB's pink sheet expected returns. We can calculate the autocorrelation of SSAB AB returns to help us make a trade decision. For example, suppose you find that SSAB AB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SSAB 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 SSAB AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSAB AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSAB AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SSAB AB Lagged Returns
When evaluating SSAB AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSAB AB pink sheet have on its future price. SSAB 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, SSAB AB autocorrelation shows the relationship between SSAB AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SSAB AB ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for SSAB Pink Sheet Analysis
When running SSAB AB's price analysis, check to measure SSAB 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 SSAB AB is operating at the current time. Most of SSAB AB's value examination focuses on studying past and present price action to predict the probability of SSAB 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 SSAB AB's price. Additionally, you may evaluate how the addition of SSAB AB to your portfolios can decrease your overall portfolio volatility.