Anoto Group (Sweden) Market Value
| ANOT Stock | SEK 0.22 0.01 4.35% |
| Symbol | Anoto |
Anoto Group '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 Anoto Group'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 Anoto Group.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Anoto Group on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Anoto Group AB or generate 0.0% return on investment in Anoto Group over 360 days. Anoto Group is related to or competes with Novotek AB, Addnode Group, Softronic, and CTT Systems. Anoto Group AB , together with its subsidiaries, provides digital writing and drawing solutions More
Anoto Group 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 Anoto Group'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 Anoto Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.57 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.55 |
Anoto Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anoto Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anoto Group's standard deviation. In reality, there are many statistical measures that can use Anoto Group historical prices to predict the future Anoto Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (1.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anoto Group'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.
Anoto Group AB Backtested Returns
Anoto Group AB secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Anoto Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anoto Group's Mean Deviation of 2.55, standard deviation of 3.58, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anoto Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anoto Group is expected to be smaller as well. Anoto Group AB has an expected return of -0.54%. Please make sure to confirm Anoto Group AB total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Anoto Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Anoto Group AB has poor predictability. Overlapping area represents the amount of predictability between Anoto Group time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 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 Anoto Group AB price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Anoto Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Anoto Group AB lagged returns against current returns
Autocorrelation, which is Anoto Group 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 Anoto Group's stock expected returns. We can calculate the autocorrelation of Anoto Group returns to help us make a trade decision. For example, suppose you find that Anoto Group 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 |
Anoto Group 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 Anoto Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anoto Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anoto Group stock over time.
Current vs Lagged Prices |
| Timeline |
Anoto Group Lagged Returns
When evaluating Anoto Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anoto Group stock have on its future price. Anoto Group 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, Anoto Group autocorrelation shows the relationship between Anoto Group stock current value and its past values and can show if there is a momentum factor associated with investing in Anoto Group AB.
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 Anoto Group 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, Anoto Group's short interest history, or implied volatility extrapolated from Anoto Group options trading.
Pair Trading with Anoto Group
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 Anoto Group 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 Anoto Group will appreciate offsetting losses from the drop in the long position's value.Moving against Anoto Stock
| 0.91 | VOLV-A | AB Volvo | PairCorr |
| 0.89 | VOLV-B | AB Volvo | PairCorr |
| 0.87 | SKA-B | Skanska AB | PairCorr |
| 0.86 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.83 | ATCO-A | Atlas Copco AB Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Anoto Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anoto Group 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 Anoto Group - 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 Anoto Group AB to buy it.
The correlation of Anoto Group 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 Anoto Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anoto Group 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 Anoto Group 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 Anoto Group Correlation, Anoto Group Volatility and Anoto Group Alpha and Beta module to complement your research on Anoto Group. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Anoto Stock analysis
When running Anoto Group's price analysis, check to measure Anoto Group'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 Anoto Group is operating at the current time. Most of Anoto Group's value examination focuses on studying past and present price action to predict the probability of Anoto Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anoto Group's price. Additionally, you may evaluate how the addition of Anoto Group to your portfolios can decrease your overall portfolio volatility.
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Anoto Group 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.