Axfood Ab Stock Market Value

AXFOF Stock  USD 26.83  0.00  0.00%   
Axfood AB's market value is the price at which a share of Axfood AB trades on a public exchange. It measures the collective expectations of Axfood AB investors about its performance. Axfood AB is trading at 26.83 as of the 29th of March 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 26.83.
With this module, you can estimate the performance of a buy and hold strategy of Axfood AB and determine expected loss or profit from investing in Axfood AB over a given investment horizon. Check out Axfood AB Correlation, Axfood AB Volatility and Axfood AB Alpha and Beta module to complement your research on Axfood AB.
Symbol

Please note, there is a significant difference between Axfood AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axfood AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axfood AB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Axfood 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 Axfood AB'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 Axfood AB.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Axfood AB on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Axfood AB or generate 0.0% return on investment in Axfood AB over 30 days. Axfood AB is related to or competes with Kroger, Seven I, Seven I, Koninklijke Ahold, Koninklijke Ahold, Loblaw Companies, and Tesco PLC. Axfood AB engages in the food retail and wholesale businesses in Sweden More

Axfood 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 Axfood AB'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 Axfood AB upside and downside potential and time the market with a certain degree of confidence.

Axfood AB Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Axfood AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axfood AB's standard deviation. In reality, there are many statistical measures that can use Axfood AB historical prices to predict the future Axfood AB's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Axfood 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.
Hype
Prediction
LowEstimatedHigh
24.9526.8328.71
Details
Intrinsic
Valuation
LowRealHigh
22.7124.5929.51
Details
Naive
Forecast
LowNextHigh
25.4527.3329.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.8326.8326.83
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axfood AB. Your research has to be compared to or analyzed against Axfood AB's peers to derive any actionable benefits. When done correctly, Axfood AB's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Axfood AB.

Axfood AB Backtested Returns

Axfood AB secures Sharpe Ratio (or Efficiency) of -0.0152, which signifies that the company had a -0.0152% return per unit of standard deviation over the last 3 months. Axfood AB exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axfood AB's risk adjusted performance of (0), and Mean Deviation of 0.3394 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Axfood AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axfood AB is expected to be smaller as well. Axfood AB has an expected return of -0.0289%. Please make sure to confirm Axfood AB variance, as well as the relationship between the skewness and day typical price , to decide if Axfood AB performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  1.00  

Perfect predictability

Axfood AB has perfect predictability. Overlapping area represents the amount of predictability between Axfood AB time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Axfood AB price movement. The serial correlation of 1.0 indicates that 100.0% of current Axfood AB price fluctuation can be explain by its past prices.
Correlation Coefficient1.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Axfood AB lagged returns against current returns

Autocorrelation, which is Axfood AB 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 Axfood AB's pink sheet expected returns. We can calculate the autocorrelation of Axfood AB returns to help us make a trade decision. For example, suppose you find that Axfood AB 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  

Axfood 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 Axfood AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axfood AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axfood AB pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Axfood AB Lagged Returns

When evaluating Axfood AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axfood AB pink sheet have on its future price. Axfood 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, Axfood AB autocorrelation shows the relationship between Axfood AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Axfood AB.
   Regressed Prices   
       Timeline  

Pair Trading with Axfood 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 Axfood 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 Axfood AB will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Axfood 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 Axfood 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 Axfood 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 Axfood AB to buy it.
The correlation of Axfood 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 Axfood AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axfood 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 Axfood 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.
Pair CorrelationCorrelation Matching
Check out Axfood AB Correlation, Axfood AB Volatility and Axfood AB Alpha and Beta module to complement your research on Axfood AB.
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Axfood AB 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.
A focus of Axfood AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Axfood AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...