Triboron International (Sweden) Market Value
| TRIBO-B Stock | SEK 0.40 0.01 2.44% |
| Symbol | Triboron |
Triboron International '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 Triboron International'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 Triboron International.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Triboron International on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Triboron International AB or generate 0.0% return on investment in Triboron International over 360 days. Triboron International is related to or competes with SaltX Technology, Nexam Chemical, and AAC Clyde. Triboron International AB operates as a green technology company in Sweden More
Triboron International 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 Triboron International'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 Triboron International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 27.11 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.32 |
Triboron International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Triboron International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Triboron International's standard deviation. In reality, there are many statistical measures that can use Triboron International historical prices to predict the future Triboron International's volatility.| Risk Adjusted Performance | 0.0033 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 3.01 |
Triboron International Backtested Returns
Triboron International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0067, which indicates the firm had a -0.0067% return per unit of risk over the last 3 months. Triboron International AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Triboron International's Variance of 22.99, risk adjusted performance of 0.0033, and Coefficient Of Variation of (14,948) to confirm the risk estimate we provide. The entity has a beta of -0.014, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Triboron International are expected to decrease at a much lower rate. During the bear market, Triboron International is likely to outperform the market. At this point, Triboron International has a negative expected return of -0.0321%. Please make sure to validate Triboron International's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Triboron International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Triboron International AB has very good reverse predictability. Overlapping area represents the amount of predictability between Triboron International time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Triboron International price movement. The serial correlation of -0.69 indicates that around 69.0% of current Triboron International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Triboron International lagged returns against current returns
Autocorrelation, which is Triboron International 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 Triboron International's stock expected returns. We can calculate the autocorrelation of Triboron International returns to help us make a trade decision. For example, suppose you find that Triboron International 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 |
Triboron International 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 Triboron International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Triboron International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Triboron International stock over time.
Current vs Lagged Prices |
| Timeline |
Triboron International Lagged Returns
When evaluating Triboron International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Triboron International stock have on its future price. Triboron International 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, Triboron International autocorrelation shows the relationship between Triboron International stock current value and its past values and can show if there is a momentum factor associated with investing in Triboron International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Triboron Stock
Triboron International financial ratios help investors to determine whether Triboron 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 Triboron with respect to the benefits of owning Triboron International security.