Volvo Car (Sweden) Market Value
| VOLCAR-B | 23.00 0.45 1.92% |
| Symbol | Volvo |
Volvo Car '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 Car'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 Car.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Volvo Car on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Volvo Car AB or generate 0.0% return on investment in Volvo Car over 30 days. Volvo Car is related to or competes with SBB-B, Sinch AB, Investor, SSAB AB, and Embracer Group. More
Volvo Car 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 Car'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 Car AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 4.98 |
Volvo Car Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volvo Car's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volvo Car's standard deviation. In reality, there are many statistical measures that can use Volvo Car historical prices to predict the future Volvo Car's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.44) |
Volvo Car AB Backtested Returns
Volvo Car AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Volvo Car AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Volvo Car's Variance of 10.47, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,151) to confirm the risk estimate we provide. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Volvo Car's returns are expected to increase less than the market. However, during the bear market, the loss of holding Volvo Car is expected to be smaller as well. At this point, Volvo Car AB has a negative expected return of -0.33%. Please make sure to validate Volvo Car's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Volvo Car AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Volvo Car AB has virtually no predictability. Overlapping area represents the amount of predictability between Volvo Car time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Car AB price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Volvo Car price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Volvo Car AB lagged returns against current returns
Autocorrelation, which is Volvo Car 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 Car's stock expected returns. We can calculate the autocorrelation of Volvo Car returns to help us make a trade decision. For example, suppose you find that Volvo Car 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 Car 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 Car stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volvo Car stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Volvo Car stock over time.
Current vs Lagged Prices |
| Timeline |
Volvo Car Lagged Returns
When evaluating Volvo Car's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volvo Car stock have on its future price. Volvo Car 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 Car autocorrelation shows the relationship between Volvo Car stock current value and its past values and can show if there is a momentum factor associated with investing in Volvo Car AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Volvo Stock
Volvo Car 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 Car security.