VOLVO B (Germany) Market Value
| VOL4 Stock | EUR 23.40 0.40 1.74% |
| Symbol | VOLVO |
VOLVO B '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 VOLVO B'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 VOLVO B.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in VOLVO B on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding VOLVO B UNSPADR or generate 0.0% return on investment in VOLVO B over 30 days. VOLVO B is related to or competes with Fukuyama Transporting, Scandinavian Tobacco, JAPAN TOBACCO, Tradeweb Markets, National Retail, Transport International, and FLOW TRADERS. AB Volvo , together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and ... More
VOLVO B 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 VOLVO B'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 VOLVO B UNSPADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.59 |
VOLVO B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VOLVO B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VOLVO B's standard deviation. In reality, there are many statistical measures that can use VOLVO B historical prices to predict the future VOLVO B's volatility.| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0115 |
VOLVO B UNSPADR Backtested Returns
At this point, VOLVO B is very steady. VOLVO B UNSPADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0163, which indicates the firm had a 0.0163% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for VOLVO B UNSPADR, which you can use to evaluate the volatility of the company. Please validate VOLVO B's coefficient of variation of 11523.71, and Risk Adjusted Performance of 0.0123 to confirm if the risk estimate we provide is consistent with the expected return of 0.0294%. VOLVO B has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VOLVO B's returns are expected to increase less than the market. However, during the bear market, the loss of holding VOLVO B is expected to be smaller as well. VOLVO B UNSPADR presently has a risk of 1.81%. Please validate VOLVO B sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if VOLVO B will be following its existing price patterns.
Auto-correlation | 0.18 |
Very weak predictability
VOLVO B UNSPADR has very weak predictability. Overlapping area represents the amount of predictability between VOLVO B time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 VOLVO B UNSPADR price movement. The serial correlation of 0.18 indicates that over 18.0% of current VOLVO B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
VOLVO B UNSPADR lagged returns against current returns
Autocorrelation, which is VOLVO B 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 VOLVO B's stock expected returns. We can calculate the autocorrelation of VOLVO B returns to help us make a trade decision. For example, suppose you find that VOLVO B 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 |
VOLVO B 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 VOLVO B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VOLVO B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VOLVO B stock over time.
Current vs Lagged Prices |
| Timeline |
VOLVO B Lagged Returns
When evaluating VOLVO B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VOLVO B stock have on its future price. VOLVO B 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, VOLVO B autocorrelation shows the relationship between VOLVO B stock current value and its past values and can show if there is a momentum factor associated with investing in VOLVO B UNSPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in VOLVO Stock
VOLVO B financial ratios help investors to determine whether VOLVO 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 VOLVO with respect to the benefits of owning VOLVO B security.