Indutrade (Sweden) Market Value
| INDT Stock | SEK 289.60 4.00 1.40% |
| Symbol | Indutrade |
Indutrade '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 Indutrade'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 Indutrade.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Indutrade on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Indutrade AB or generate 0.0% return on investment in Indutrade over 30 days. Indutrade is related to or competes with AB SKF, Atlas Copco, Boliden AB, and ASSA ABLOY. Indutrade AB markets and sells components, systems, and services to various industries worldwide More
Indutrade 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 Indutrade'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 Indutrade AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.1241 | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.6 |
Indutrade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indutrade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indutrade's standard deviation. In reality, there are many statistical measures that can use Indutrade historical prices to predict the future Indutrade's volatility.| Risk Adjusted Performance | 0.1239 | |||
| Jensen Alpha | 0.2128 | |||
| Total Risk Alpha | 0.0668 | |||
| Sortino Ratio | 0.1763 | |||
| Treynor Ratio | 0.4252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indutrade'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.
Indutrade AB Backtested Returns
Indutrade appears to be very steady, given 3 months investment horizon. Indutrade AB holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indutrade AB, which you can use to evaluate the volatility of the firm. Please utilize Indutrade's Downside Deviation of 1.03, risk adjusted performance of 0.1239, and Market Risk Adjusted Performance of 0.4352 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indutrade holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indutrade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indutrade is expected to be smaller as well. Please check Indutrade's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Indutrade's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Indutrade AB has good predictability. Overlapping area represents the amount of predictability between Indutrade time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Indutrade AB price movement. The serial correlation of 0.69 indicates that around 69.0% of current Indutrade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 20.64 |
Indutrade AB lagged returns against current returns
Autocorrelation, which is Indutrade 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 Indutrade's stock expected returns. We can calculate the autocorrelation of Indutrade returns to help us make a trade decision. For example, suppose you find that Indutrade 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 |
Indutrade 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 Indutrade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indutrade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indutrade stock over time.
Current vs Lagged Prices |
| Timeline |
Indutrade Lagged Returns
When evaluating Indutrade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indutrade stock have on its future price. Indutrade 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, Indutrade autocorrelation shows the relationship between Indutrade stock current value and its past values and can show if there is a momentum factor associated with investing in Indutrade AB.
Regressed Prices |
| Timeline |
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Complementary Tools for Indutrade Stock analysis
When running Indutrade's price analysis, check to measure Indutrade'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 Indutrade is operating at the current time. Most of Indutrade's value examination focuses on studying past and present price action to predict the probability of Indutrade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indutrade's price. Additionally, you may evaluate how the addition of Indutrade to your portfolios can decrease your overall portfolio volatility.
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Indutrade 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.