XANO Industri (Sweden) Market Value
| XANO-B Stock | SEK 57.20 0.20 0.35% |
| Symbol | XANO |
XANO Industri '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 XANO Industri'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 XANO Industri.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in XANO Industri on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding XANO Industri AB or generate 0.0% return on investment in XANO Industri over 30 days. XANO Industri is related to or competes with Addtech AB, Indutrade, Lifco AB, NIBE Industrier, and AAK AB. XANO Industri AB , through its subsidiaries, manufactures and sells industrial products and automation equipment More
XANO Industri 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 XANO Industri'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 XANO Industri AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 17.48 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 4.42 |
XANO Industri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XANO Industri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XANO Industri's standard deviation. In reality, there are many statistical measures that can use XANO Industri historical prices to predict the future XANO Industri's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 0.8026 |
XANO Industri AB Backtested Returns
XANO Industri AB shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of standard deviation over the last 3 months. XANO Industri AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XANO Industri's Mean Deviation of 1.82, risk adjusted performance of (0.12), and Standard Deviation of 2.69 to validate the risk estimate we provide. The firm maintains a market beta of -0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning XANO Industri are expected to decrease at a much lower rate. During the bear market, XANO Industri is likely to outperform the market. At this point, XANO Industri AB has a negative expected return of -0.43%. Please make sure to check out XANO Industri's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if XANO Industri AB performance from the past will be repeated at future time.
Auto-correlation | 0.45 |
Average predictability
XANO Industri AB has average predictability. Overlapping area represents the amount of predictability between XANO Industri time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 XANO Industri AB price movement. The serial correlation of 0.45 indicates that just about 45.0% of current XANO Industri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.57 |
XANO Industri AB lagged returns against current returns
Autocorrelation, which is XANO Industri 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 XANO Industri's stock expected returns. We can calculate the autocorrelation of XANO Industri returns to help us make a trade decision. For example, suppose you find that XANO Industri 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 |
XANO Industri 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 XANO Industri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XANO Industri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XANO Industri stock over time.
Current vs Lagged Prices |
| Timeline |
XANO Industri Lagged Returns
When evaluating XANO Industri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XANO Industri stock have on its future price. XANO Industri 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, XANO Industri autocorrelation shows the relationship between XANO Industri stock current value and its past values and can show if there is a momentum factor associated with investing in XANO Industri AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in XANO Stock
XANO Industri financial ratios help investors to determine whether XANO 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 XANO with respect to the benefits of owning XANO Industri security.