Eolus Vind (Sweden) Market Value
| EOLU-B Stock | SEK 80.80 2.10 2.67% |
| Symbol | Eolus |
Eolus Vind '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 Eolus Vind'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 Eolus Vind.
| 03/05/2024 |
| 06/03/2024 |
If you would invest 0.00 in Eolus Vind on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Eolus Vind AB or generate 0.0% return on investment in Eolus Vind over 90 days. Eolus Vind is related to or competes with Bufab Holding, Dedicare, Bjorn Borg, USWE Sports, Fabege AB, IAR Systems, and Polygiene. Eolus Vind AB primarily engages in the development and construction of wind power facilities in the Nordic region More
Eolus Vind 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 Eolus Vind'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 Eolus Vind AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0675 | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.35 |
Eolus Vind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eolus Vind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eolus Vind's standard deviation. In reality, there are many statistical measures that can use Eolus Vind historical prices to predict the future Eolus Vind's volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.177 | |||
| Total Risk Alpha | 0.0582 | |||
| Sortino Ratio | 0.0655 | |||
| Treynor Ratio | (3.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eolus Vind'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.
Eolus Vind AB Backtested Returns
Eolus Vind appears to be very steady, given 3 months investment horizon. Eolus Vind AB secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eolus Vind AB, which you can use to evaluate the volatility of the firm. Please utilize Eolus Vind's Downside Deviation of 2.14, coefficient of variation of 1119.8, and Mean Deviation of 1.59 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eolus Vind holds a performance score of 11. The firm shows a Beta (market volatility) of -0.0471, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eolus Vind are expected to decrease at a much lower rate. During the bear market, Eolus Vind is likely to outperform the market. Please check Eolus Vind's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Eolus Vind's price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Eolus Vind AB has modest predictability. Overlapping area represents the amount of predictability between Eolus Vind time series from 5th of March 2024 to 19th of April 2024 and 19th of April 2024 to 3rd of June 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 Eolus Vind AB price movement. The serial correlation of 0.5 indicates that about 50.0% of current Eolus Vind price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 20.93 |
Eolus Vind AB lagged returns against current returns
Autocorrelation, which is Eolus Vind 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 Eolus Vind's stock expected returns. We can calculate the autocorrelation of Eolus Vind returns to help us make a trade decision. For example, suppose you find that Eolus Vind 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 |
Eolus Vind 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 Eolus Vind stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eolus Vind stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eolus Vind stock over time.
Current vs Lagged Prices |
| Timeline |
Eolus Vind Lagged Returns
When evaluating Eolus Vind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eolus Vind stock have on its future price. Eolus Vind 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, Eolus Vind autocorrelation shows the relationship between Eolus Vind stock current value and its past values and can show if there is a momentum factor associated with investing in Eolus Vind AB.
Regressed Prices |
| Timeline |
Pair Trading with Eolus Vind
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 Eolus Vind 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 Eolus Vind will appreciate offsetting losses from the drop in the long position's value.Moving together with Eolus Stock
| 0.71 | SWEC-B | Sweco AB | PairCorr |
| 0.7 | SWEC-A | Sweco AB | PairCorr |
| 0.77 | AFRY | Afry AB | PairCorr |
Moving against Eolus Stock
| 0.7 | HEART | Real Heart | PairCorr |
| 0.63 | MISE | Misen Energy AB | PairCorr |
The ability to find closely correlated positions to Eolus Vind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eolus Vind 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 Eolus Vind - 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 Eolus Vind AB to buy it.
The correlation of Eolus Vind 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 Eolus Vind moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eolus Vind 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 Eolus Vind 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 Eolus Vind Correlation, Eolus Vind Volatility and Eolus Vind Alpha and Beta module to complement your research on Eolus Vind. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Eolus Stock analysis
When running Eolus Vind's price analysis, check to measure Eolus Vind'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 Eolus Vind is operating at the current time. Most of Eolus Vind's value examination focuses on studying past and present price action to predict the probability of Eolus Vind's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eolus Vind's price. Additionally, you may evaluate how the addition of Eolus Vind to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| 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 | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |
Eolus Vind 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.