Trelleborg (Sweden) Market Value
| TREL-B Stock | SEK 381.00 0.60 0.16% |
| Symbol | Trelleborg |
Trelleborg '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 Trelleborg'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 Trelleborg.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Trelleborg on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Trelleborg AB or generate 0.0% return on investment in Trelleborg over 30 days. Trelleborg is related to or competes with AB SKF, Sandvik AB, Alfa Laval, Husqvarna, and Skanska AB. Trelleborg AB develops, manufactures, and sells engineered polymer solutions for seal, damp, and protect critical applic... More
Trelleborg 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 Trelleborg'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 Trelleborg AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 6.48 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.27 |
Trelleborg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trelleborg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trelleborg's standard deviation. In reality, there are many statistical measures that can use Trelleborg historical prices to predict the future Trelleborg's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.2037 | |||
| Total Risk Alpha | 0.0996 | |||
| Sortino Ratio | 0.1237 | |||
| Treynor Ratio | 0.7649 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trelleborg'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.
Trelleborg AB Backtested Returns
Trelleborg appears to be very steady, given 3 months investment horizon. Trelleborg AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trelleborg AB, which you can use to evaluate the volatility of the company. Please review Trelleborg's Coefficient Of Variation of 553.62, risk adjusted performance of 0.1168, and Semi Deviation of 1.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trelleborg holds a performance score of 21. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trelleborg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trelleborg is expected to be smaller as well. Please check Trelleborg's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Trelleborg's existing price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Trelleborg AB has modest predictability. Overlapping area represents the amount of predictability between Trelleborg time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 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 Trelleborg AB price movement. The serial correlation of 0.51 indicates that about 51.0% of current Trelleborg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 13.0 |
Trelleborg AB lagged returns against current returns
Autocorrelation, which is Trelleborg 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 Trelleborg's stock expected returns. We can calculate the autocorrelation of Trelleborg returns to help us make a trade decision. For example, suppose you find that Trelleborg 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 |
Trelleborg 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 Trelleborg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trelleborg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trelleborg stock over time.
Current vs Lagged Prices |
| Timeline |
Trelleborg Lagged Returns
When evaluating Trelleborg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trelleborg stock have on its future price. Trelleborg 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, Trelleborg autocorrelation shows the relationship between Trelleborg stock current value and its past values and can show if there is a momentum factor associated with investing in Trelleborg AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Trelleborg Correlation, Trelleborg Volatility and Trelleborg Alpha and Beta module to complement your research on Trelleborg. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Trelleborg Stock analysis
When running Trelleborg's price analysis, check to measure Trelleborg'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 Trelleborg is operating at the current time. Most of Trelleborg's value examination focuses on studying past and present price action to predict the probability of Trelleborg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trelleborg's price. Additionally, you may evaluate how the addition of Trelleborg to your portfolios can decrease your overall portfolio volatility.
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Trelleborg 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.