AB Volvo (Sweden) Market Value
| VOLV-A Stock | SEK 273.00 2.20 0.81% |
| Symbol | VOLV-A |
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in AB Volvo on December 3, 2022 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 720 days. AB Volvo is related to or competes with Investor, Sandvik AB, Svenska Handelsbanken, Atlas Copco, and Telefonaktiebolaget. 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.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.59 |
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 | 0.0177 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0429 |
AB Volvo Backtested Returns
At this point, AB Volvo is very steady. AB Volvo retains Efficiency (Sharpe Ratio) of 0.01, which signifies that the company had a 0.01% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AB Volvo, which you can use to evaluate the volatility of the entity. Please confirm AB Volvo's Market Risk Adjusted Performance of 0.0529, standard deviation of 1.38, and Coefficient Of Variation of 5769.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.0139%. The firm owns a Beta (Systematic Risk) of 0.33, which signifies possible diversification benefits within a given portfolio. 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. AB Volvo today owns a risk of 1.39%. Please confirm AB Volvo semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if AB Volvo will be following its current price history.
Auto-correlation | 0.20 |
Weak predictability
AB Volvo has weak predictability. Overlapping area represents the amount of predictability between AB Volvo time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 AB Volvo price movement. The serial correlation of 0.2 indicates that over 20.0% of current AB Volvo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 277.45 |
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 |
Thematic Opportunities
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Other Information on Investing in VOLV-A Stock
AB Volvo financial ratios help investors to determine whether VOLV-A 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 VOLV-A with respect to the benefits of owning AB Volvo security.