AB Traction (Sweden) Market Value
| TRAC-B Stock | SEK 260.00 7.00 2.77% |
| Symbol | TRAC-B |
AB Traction '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 AB Traction'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 AB Traction.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in AB Traction on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding AB Traction or generate 0.0% return on investment in AB Traction over 90 days. AB Traction is related to or competes with Investor, Industrivarden, Investment, Kinnevik Investment, and L E. AB Traction is a private equity firm specializing in buyouts, PIPES, and restructurings More
AB Traction 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 AB Traction'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 AB Traction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0408 | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.4 |
AB Traction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Traction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Traction's standard deviation. In reality, there are many statistical measures that can use AB Traction historical prices to predict the future AB Traction's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.086 | |||
| Total Risk Alpha | 0.0051 | |||
| Sortino Ratio | 0.038 | |||
| Treynor Ratio | 0.4927 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AB Traction'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.
AB Traction Backtested Returns
We consider AB Traction very steady. AB Traction retains Efficiency (Sharpe Ratio) of 0.0769, which signifies that the company had a 0.0769% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AB Traction, which you can use to evaluate the volatility of the entity. Please confirm AB Traction's Market Risk Adjusted Performance of 0.5027, coefficient of variation of 1309.33, and Standard Deviation of 1.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. AB Traction has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AB Traction's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Traction is expected to be smaller as well. AB Traction today owns a risk of 1.37%. Please confirm AB Traction semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if AB Traction will be following its current price history.
Auto-correlation | 0.45 |
Average predictability
AB Traction has average predictability. Overlapping area represents the amount of predictability between AB Traction time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 AB Traction price movement. The serial correlation of 0.45 indicates that just about 45.0% of current AB Traction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 88.6 |
AB Traction lagged returns against current returns
Autocorrelation, which is AB Traction 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 AB Traction's stock expected returns. We can calculate the autocorrelation of AB Traction returns to help us make a trade decision. For example, suppose you find that AB Traction 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 |
AB Traction 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 AB Traction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Traction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Traction stock over time.
Current vs Lagged Prices |
| Timeline |
AB Traction Lagged Returns
When evaluating AB Traction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Traction stock have on its future price. AB Traction 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, AB Traction autocorrelation shows the relationship between AB Traction stock current value and its past values and can show if there is a momentum factor associated with investing in AB Traction.
Regressed Prices |
| Timeline |
Pair Trading with AB Traction
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 AB Traction 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 AB Traction will appreciate offsetting losses from the drop in the long position's value.Moving together with TRAC-B Stock
| 0.71 | INVE-A | Investor AB ser | PairCorr |
| 0.71 | INVE-B | Investor AB ser | PairCorr |
| 0.61 | INDU-C | Industrivarden AB ser | PairCorr |
Moving against TRAC-B Stock
| 0.79 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.77 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.67 | ARION-SDB | Arion banki hf | PairCorr |
| 0.5 | SEB-C | Skandinaviska Enskilda Earnings Call Today | PairCorr |
The ability to find closely correlated positions to AB Traction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Traction 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 AB Traction - 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 AB Traction to buy it.
The correlation of AB Traction 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 AB Traction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Traction 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 AB Traction 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 AB Traction Correlation, AB Traction Volatility and AB Traction Alpha and Beta module to complement your research on AB Traction. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for TRAC-B Stock analysis
When running AB Traction's price analysis, check to measure AB Traction'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 AB Traction is operating at the current time. Most of AB Traction's value examination focuses on studying past and present price action to predict the probability of AB Traction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB Traction's price. Additionally, you may evaluate how the addition of AB Traction to your portfolios can decrease your overall portfolio volatility.
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AB Traction 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.