Volvo Ab Adr Stock Market Value
| VLVLY Stock | USD 25.95 0.12 0.46% |
| Symbol | Volvo |
Volvo 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 Volvo 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 Volvo AB.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Volvo AB on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Volvo AB ADR or generate 0.0% return on investment in Volvo AB over 30 days. Volvo AB is related to or competes with Vertical Aerospace, Embraer SA, Rocket Lab, Transdigm Group, L3Harris Technologies, Huntington Ingalls, and AeroVironment. AB Volvo , together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and ... More
Volvo 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 Volvo 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 Volvo AB ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0992 | |||
| Maximum Drawdown | 12.06 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.14 |
Volvo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volvo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volvo AB's standard deviation. In reality, there are many statistical measures that can use Volvo AB historical prices to predict the future Volvo AB's volatility.| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 0.2387 | |||
| Total Risk Alpha | 0.0144 | |||
| Sortino Ratio | 0.0715 | |||
| Treynor Ratio | 0.6915 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Volvo 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.
Volvo AB ADR Backtested Returns
Volvo AB appears to be very steady, given 3 months investment horizon. Volvo AB ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Volvo AB ADR, which you can use to evaluate the volatility of the company. Please review Volvo AB's Semi Deviation of 2.13, risk adjusted performance of 0.1001, and Coefficient Of Variation of 667.73 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Volvo AB holds a performance score of 10. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Volvo AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Volvo AB is expected to be smaller as well. Please check Volvo AB's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Volvo AB's existing price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Volvo AB ADR has average predictability. Overlapping area represents the amount of predictability between Volvo AB 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 Volvo AB ADR price movement. The serial correlation of 0.47 indicates that about 47.0% of current Volvo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Volvo AB ADR lagged returns against current returns
Autocorrelation, which is Volvo 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 Volvo AB's pink sheet expected returns. We can calculate the autocorrelation of Volvo AB returns to help us make a trade decision. For example, suppose you find that Volvo 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 |
Volvo 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 Volvo AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volvo 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 Volvo AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Volvo AB Lagged Returns
When evaluating Volvo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volvo AB pink sheet have on its future price. Volvo 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, Volvo AB autocorrelation shows the relationship between Volvo AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Volvo AB ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Volvo AB in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Volvo AB's short interest history, or implied volatility extrapolated from Volvo AB options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Volvo AB Correlation, Volvo AB Volatility and Volvo AB Alpha and Beta module to complement your research on Volvo AB. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Volvo Pink Sheet analysis
When running Volvo AB's price analysis, check to measure Volvo AB'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 Volvo AB is operating at the current time. Most of Volvo AB's value examination focuses on studying past and present price action to predict the probability of Volvo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volvo AB's price. Additionally, you may evaluate how the addition of Volvo AB to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Volvo 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.