Sweco AB (Sweden) Market Value
| SWEC-A Stock | SEK 163.00 4.00 2.52% |
| Symbol | Sweco |
Sweco 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 Sweco 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 Sweco AB.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sweco AB on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sweco AB or generate 0.0% return on investment in Sweco AB over 30 days. Sweco AB is related to or competes with Sweco AB, Husqvarna, Tele2 AB, AB Sagax, and Holmen AB. Sweco AB provides consulting services in engineering, environmental technology, and architecture fields worldwide More
Sweco 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 Sweco 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 Sweco AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.57 |
Sweco AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sweco AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sweco AB's standard deviation. In reality, there are many statistical measures that can use Sweco AB historical prices to predict the future Sweco AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.70) |
Sweco AB Backtested Returns
Sweco AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0061, which indicates the firm had a -0.0061% return per unit of risk over the last 3 months. Sweco AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sweco AB's Coefficient Of Variation of (6,310), variance of 3.38, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.0559, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sweco AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sweco AB is expected to be smaller as well. At this point, Sweco AB has a negative expected return of -0.0111%. Please make sure to validate Sweco AB's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sweco AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Sweco AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sweco AB time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Sweco AB price movement. The serial correlation of -0.18 indicates that over 18.0% of current Sweco AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
Sweco AB lagged returns against current returns
Autocorrelation, which is Sweco 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 Sweco AB's stock expected returns. We can calculate the autocorrelation of Sweco AB returns to help us make a trade decision. For example, suppose you find that Sweco 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 |
Sweco 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 Sweco AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sweco AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sweco AB stock over time.
Current vs Lagged Prices |
| Timeline |
Sweco AB Lagged Returns
When evaluating Sweco AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sweco AB stock have on its future price. Sweco 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, Sweco AB autocorrelation shows the relationship between Sweco AB stock current value and its past values and can show if there is a momentum factor associated with investing in Sweco AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sweco Stock
Sweco AB financial ratios help investors to determine whether Sweco 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 Sweco with respect to the benefits of owning Sweco AB security.