Catena AB (Sweden) Market Value
| CATE Stock | SEK 494.00 3.00 0.61% |
| Symbol | Catena |
Catena AB '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 Catena AB'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 Catena AB.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Catena AB on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Catena AB or generate 0.0% return on investment in Catena AB over 360 days. Catena AB is related to or competes with Fastighets, and AB Sagax. Catena AB operates as a logistics property company in Sweden More
Catena AB 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 Catena AB'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 Catena AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0836 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.53 |
Catena AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catena AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catena AB's standard deviation. In reality, there are many statistical measures that can use Catena AB historical prices to predict the future Catena AB's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.1707 | |||
| Total Risk Alpha | 0.0396 | |||
| Sortino Ratio | 0.0994 | |||
| Treynor Ratio | 0.3955 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Catena AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Catena AB Backtested Returns
Catena AB appears to be very steady, given 3 months investment horizon. Catena AB secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Catena AB, which you can use to evaluate the volatility of the firm. Please makes use of Catena AB's Mean Deviation of 1.25, downside deviation of 1.43, and Risk Adjusted Performance of 0.083 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Catena AB holds a performance score of 9. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Catena AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Catena AB is expected to be smaller as well. Please check Catena AB's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Catena AB's price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Catena AB has virtually no predictability. Overlapping area represents the amount of predictability between Catena AB time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th of April 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 Catena AB price movement. The serial correlation of 0.01 indicates that just 1.0% of current Catena AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1595.91 |
Catena AB lagged returns against current returns
Autocorrelation, which is Catena AB 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 Catena AB's stock expected returns. We can calculate the autocorrelation of Catena AB returns to help us make a trade decision. For example, suppose you find that Catena AB 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 |
Catena AB 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 Catena AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catena AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catena AB stock over time.
Current vs Lagged Prices |
| Timeline |
Catena AB Lagged Returns
When evaluating Catena AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catena AB stock have on its future price. Catena AB 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, Catena AB autocorrelation shows the relationship between Catena AB stock current value and its past values and can show if there is a momentum factor associated with investing in Catena AB.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Catena AB in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Catena AB's short interest history, or implied volatility extrapolated from Catena AB options trading.
Pair Trading with Catena AB
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Catena AB position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Catena AB will appreciate offsetting losses from the drop in the long position's value.Moving against Catena Stock
| 0.6 | ONCO | Oncopeptides AB | PairCorr |
| 0.42 | LIPUM | Lipum AB | PairCorr |
The ability to find closely correlated positions to Catena AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catena AB when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Catena AB - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Catena AB to buy it.
The correlation of Catena AB is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catena AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catena AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Catena AB can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Catena AB Correlation, Catena AB Volatility and Catena AB Alpha and Beta module to complement your research on Catena AB. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Catena Stock analysis
When running Catena AB's price analysis, check to measure Catena AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Catena AB is operating at the current time. Most of Catena AB's value examination focuses on studying past and present price action to predict the probability of Catena AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catena AB's price. Additionally, you may evaluate how the addition of Catena AB to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Catena AB technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.