Stille AB (Sweden) Market Value
| STIL Stock | SEK 203.00 4.00 1.93% |
| Symbol | Stille |
Stille 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 Stille 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 Stille AB.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Stille AB on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Stille AB or generate 0.0% return on investment in Stille AB over 30 days. Stille AB is related to or competes with Xvivo Perfusion, BICO Group, Mentice AB, SpectraCure, and Senzime AB. Stille AB manufactures and sells surgical equipment in Sweden and internationally More
Stille 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 Stille 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 Stille AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.04 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.91 |
Stille AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stille AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stille AB's standard deviation. In reality, there are many statistical measures that can use Stille AB historical prices to predict the future Stille AB's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.34) |
Stille AB Backtested Returns
Stille AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0487, which indicates the firm had a -0.0487% return per unit of risk over the last 3 months. Stille AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stille AB's Risk Adjusted Performance of (0.03), variance of 5.15, and Coefficient Of Variation of (1,934) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stille AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stille AB is expected to be smaller as well. At this point, Stille AB has a negative expected return of -0.11%. Please make sure to validate Stille AB's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Stille AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Stille AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Stille AB time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Stille AB price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Stille AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 14.08 |
Stille AB lagged returns against current returns
Autocorrelation, which is Stille 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 Stille AB's stock expected returns. We can calculate the autocorrelation of Stille AB returns to help us make a trade decision. For example, suppose you find that Stille 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 |
| Timeline |
Stille 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 Stille AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stille AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stille AB stock over time.
Current vs Lagged Prices |
| Timeline |
Stille AB Lagged Returns
When evaluating Stille AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stille AB stock have on its future price. Stille 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, Stille AB autocorrelation shows the relationship between Stille AB stock current value and its past values and can show if there is a momentum factor associated with investing in Stille AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stille Stock Analysis
When running Stille AB's price analysis, check to measure Stille 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 Stille AB is operating at the current time. Most of Stille AB's value examination focuses on studying past and present price action to predict the probability of Stille 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 Stille AB's price. Additionally, you may evaluate how the addition of Stille AB to your portfolios can decrease your overall portfolio volatility.