Electrolux Ab Class Stock Market Value
| ELUXY Stock | USD 16.41 0.04 0.24% |
| Symbol | Electrolux |
Electrolux '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 Electrolux's pink sheet 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 Electrolux.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Electrolux on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Electrolux AB Class or generate 0.0% return on investment in Electrolux over 720 days. Electrolux is related to or competes with Volkswagen, Volkswagen, Toyota, GM, and Honda. AB Electrolux , together with its subsidiaries, manufactures and sells household appliances in Europe, North America, La... More
Electrolux 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 Electrolux's pink sheet 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 Electrolux AB Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 3.11 |
Electrolux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electrolux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electrolux's standard deviation. In reality, there are many statistical measures that can use Electrolux historical prices to predict the future Electrolux's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electrolux'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.
Electrolux AB Class Backtested Returns
Electrolux AB Class secures Sharpe Ratio (or Efficiency) of -0.0544, which denotes the company had a -0.0544% return per unit of risk over the last 3 months. Electrolux AB Class exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electrolux's Standard Deviation of 2.4, mean deviation of 1.78, and Variance of 5.77 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.82, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electrolux will likely underperform. Electrolux AB Class has an expected return of -0.13%. Please make sure to confirm Electrolux AB Class skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Electrolux AB Class performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Electrolux AB Class has average predictability. Overlapping area represents the amount of predictability between Electrolux time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Electrolux AB Class price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Electrolux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 19.87 |
Electrolux AB Class lagged returns against current returns
Autocorrelation, which is Electrolux pink sheet'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 Electrolux's pink sheet expected returns. We can calculate the autocorrelation of Electrolux returns to help us make a trade decision. For example, suppose you find that Electrolux has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Electrolux 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 Electrolux pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electrolux pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electrolux pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Electrolux Lagged Returns
When evaluating Electrolux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electrolux pink sheet have on its future price. Electrolux 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, Electrolux autocorrelation shows the relationship between Electrolux pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Electrolux AB Class.
Regressed Prices |
| Timeline |
Pair Trading with Electrolux
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 Electrolux 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 Electrolux will appreciate offsetting losses from the drop in the long position's value.Moving against Electrolux Pink Sheet
| 0.58 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.55 | MRK | Merck Company Report 25th of April 2024 | PairCorr |
| 0.52 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.5 | MSFT | Microsoft Report 23rd of April 2024 | PairCorr |
| 0.5 | PG | Procter Gamble Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Electrolux could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrolux 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 Electrolux - 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 Electrolux AB Class to buy it.
The correlation of Electrolux 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 Electrolux moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrolux AB Class 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 Electrolux 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 Electrolux Correlation, Electrolux Volatility and Electrolux Alpha and Beta module to complement your research on Electrolux. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Electrolux Pink Sheet analysis
When running Electrolux's price analysis, check to measure Electrolux'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 Electrolux is operating at the current time. Most of Electrolux's value examination focuses on studying past and present price action to predict the probability of Electrolux's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrolux's price. Additionally, you may evaluate how the addition of Electrolux to your portfolios can decrease your overall portfolio volatility.
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Electrolux technical pink sheet 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, pink sheet market cycles, or different charting patterns.