TradeDoubler (Sweden) Market Value
| TRAD Stock | SEK 3.50 0.02 0.57% |
| Symbol | TradeDoubler |
TradeDoubler '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 TradeDoubler'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 TradeDoubler.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in TradeDoubler on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding TradeDoubler AB or generate 0.0% return on investment in TradeDoubler over 720 days. TradeDoubler is related to or competes with Tele2 AB, Swedbank, Svenska Handelsbanken, Nordea Bank, and AB Electrolux. TradeDoubler AB provides digital performance marketing services and solutions for publishers and advertisers worldwide More
TradeDoubler 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 TradeDoubler'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 TradeDoubler AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 2.64 |
TradeDoubler Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TradeDoubler's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TradeDoubler's standard deviation. In reality, there are many statistical measures that can use TradeDoubler historical prices to predict the future TradeDoubler's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (1.06) |
TradeDoubler AB Backtested Returns
TradeDoubler AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.023, which indicates the firm had a -0.023% return per unit of risk over the last 3 months. TradeDoubler AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TradeDoubler's Risk Adjusted Performance of (0.03), coefficient of variation of (2,106), and Variance of 4.84 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TradeDoubler's returns are expected to increase less than the market. However, during the bear market, the loss of holding TradeDoubler is expected to be smaller as well. At this point, TradeDoubler AB has a negative expected return of -0.0497%. Please make sure to validate TradeDoubler's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if TradeDoubler AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
TradeDoubler AB has average predictability. Overlapping area represents the amount of predictability between TradeDoubler time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 TradeDoubler AB price movement. The serial correlation of 0.49 indicates that about 49.0% of current TradeDoubler price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
TradeDoubler AB lagged returns against current returns
Autocorrelation, which is TradeDoubler 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 TradeDoubler's stock expected returns. We can calculate the autocorrelation of TradeDoubler returns to help us make a trade decision. For example, suppose you find that TradeDoubler 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 |
TradeDoubler 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 TradeDoubler stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TradeDoubler stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TradeDoubler stock over time.
Current vs Lagged Prices |
| Timeline |
TradeDoubler Lagged Returns
When evaluating TradeDoubler's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TradeDoubler stock have on its future price. TradeDoubler 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, TradeDoubler autocorrelation shows the relationship between TradeDoubler stock current value and its past values and can show if there is a momentum factor associated with investing in TradeDoubler AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TradeDoubler Stock Analysis
When running TradeDoubler's price analysis, check to measure TradeDoubler'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 TradeDoubler is operating at the current time. Most of TradeDoubler's value examination focuses on studying past and present price action to predict the probability of TradeDoubler's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TradeDoubler's price. Additionally, you may evaluate how the addition of TradeDoubler to your portfolios can decrease your overall portfolio volatility.