AB Traction (Sweden) Market Value
| TRAC-B Stock | SEK 283.00 5.00 1.80% |
| Symbol | TRAC-B |
AB Traction '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 AB Traction'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 AB Traction.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AB Traction on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AB Traction or generate 0.0% return on investment in AB Traction over 30 days. AB Traction is related to or competes with Svolder AB, Investment, L E, Creades AB, and Bure Equity. AB Traction is a private equity firm specializing in buyouts, PIPES, and restructurings More
AB Traction 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 AB Traction'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 AB Traction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.18 |
AB Traction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Traction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Traction's standard deviation. In reality, there are many statistical measures that can use AB Traction historical prices to predict the future AB Traction's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.1321 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.66) |
AB Traction Backtested Returns
At this point, AB Traction is out of control. AB Traction retains Efficiency (Sharpe Ratio) of 0.0702, which signifies that the company had a 0.0702% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AB Traction, which you can use to evaluate the volatility of the entity. Please confirm AB Traction's Coefficient Of Variation of 1236.52, market risk adjusted performance of (0.65), and Standard Deviation of 1.51 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. AB Traction has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AB Traction are expected to decrease at a much lower rate. During the bear market, AB Traction is likely to outperform the market. AB Traction today owns a risk of 1.52%. Please confirm AB Traction semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if AB Traction will be following its current price history.
Auto-correlation | 0.26 |
Poor predictability
AB Traction has poor predictability. Overlapping area represents the amount of predictability between AB Traction time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 AB Traction price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current AB Traction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 10.97 |
AB Traction lagged returns against current returns
Autocorrelation, which is AB Traction 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 AB Traction's stock expected returns. We can calculate the autocorrelation of AB Traction returns to help us make a trade decision. For example, suppose you find that AB Traction 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 |
AB Traction 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 AB Traction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Traction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Traction stock over time.
Current vs Lagged Prices |
| Timeline |
AB Traction Lagged Returns
When evaluating AB Traction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Traction stock have on its future price. AB Traction 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, AB Traction autocorrelation shows the relationship between AB Traction stock current value and its past values and can show if there is a momentum factor associated with investing in AB Traction.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in TRAC-B Stock
AB Traction financial ratios help investors to determine whether TRAC-B 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 TRAC-B with respect to the benefits of owning AB Traction security.