AB Volvo (Germany) Market Value
| VOL3 Stock | EUR 23.68 0.22 0.94% |
| Symbol | VOL3 |
AB Volvo '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 Volvo'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 Volvo.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in AB Volvo on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding AB Volvo or generate 0.0% return on investment in AB Volvo over 30 days. AB Volvo is related to or competes with Hyster-Yale Materials, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. AB Volvo , together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and ... More
AB Volvo 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 Volvo'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 Volvo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.12 |
AB Volvo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Volvo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Volvo's standard deviation. In reality, there are many statistical measures that can use AB Volvo historical prices to predict the future AB Volvo's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.07) |
AB Volvo Backtested Returns
AB Volvo retains Efficiency (Sharpe Ratio) of -0.0021, which signifies that the company had a -0.0021% return per unit of price deviation over the last 3 months. AB Volvo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Volvo's Information Ratio of (0.1), market risk adjusted performance of (0.06), and Variance of 2.27 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AB Volvo's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Volvo is expected to be smaller as well. At this point, AB Volvo has a negative expected return of -0.0031%. Please make sure to confirm AB Volvo's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if AB Volvo performance from the past will be repeated sooner or later.
Auto-correlation | -0.35 |
Poor reverse predictability
AB Volvo has poor reverse predictability. Overlapping area represents the amount of predictability between AB Volvo time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 AB Volvo price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current AB Volvo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
AB Volvo lagged returns against current returns
Autocorrelation, which is AB Volvo 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 Volvo's stock expected returns. We can calculate the autocorrelation of AB Volvo returns to help us make a trade decision. For example, suppose you find that AB Volvo 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 Volvo 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 Volvo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Volvo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Volvo stock over time.
Current vs Lagged Prices |
| Timeline |
AB Volvo Lagged Returns
When evaluating AB Volvo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Volvo stock have on its future price. AB Volvo 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 Volvo autocorrelation shows the relationship between AB Volvo stock current value and its past values and can show if there is a momentum factor associated with investing in AB Volvo.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in VOL3 Stock
AB Volvo financial ratios help investors to determine whether VOL3 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 VOL3 with respect to the benefits of owning AB Volvo security.