Svenska Cellulosa Aktiebolaget Stock Market Value
| SVCBF Stock | USD 13.95 0.35 2.45% |
| Symbol | Svenska |
Svenska Cellulosa '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 Svenska Cellulosa'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 Svenska Cellulosa.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Svenska Cellulosa on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Svenska Cellulosa Aktiebolaget or generate 0.0% return on investment in Svenska Cellulosa over 30 days. Svenska Cellulosa is related to or competes with Interfor, Western Forest, Stella Jones, Simpson Manufacturing, Canfor, West Fraser, and Enviva Partners. Svenska Cellulosa Aktiebolaget SCA , a forest products company, develops, produces, and sells forest, wood, pulp, and co... More
Svenska Cellulosa 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 Svenska Cellulosa'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 Svenska Cellulosa Aktiebolaget upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.28 |
Svenska Cellulosa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Svenska Cellulosa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Svenska Cellulosa's standard deviation. In reality, there are many statistical measures that can use Svenska Cellulosa historical prices to predict the future Svenska Cellulosa's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0706 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Svenska Cellulosa'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.
Svenska Cellulosa Backtested Returns
We consider Svenska Cellulosa not too volatile. Svenska Cellulosa owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0667, which indicates the firm had a 0.0667% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Svenska Cellulosa Aktiebolaget, which you can use to evaluate the volatility of the company. Please validate Svenska Cellulosa's Semi Deviation of 0.6269, risk adjusted performance of 0.0362, and Coefficient Of Variation of 2071.76 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Svenska Cellulosa has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.0581, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Svenska Cellulosa are expected to decrease at a much lower rate. During the bear market, Svenska Cellulosa is likely to outperform the market. Svenska Cellulosa right now has a risk of 1.61%. Please validate Svenska Cellulosa information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Svenska Cellulosa will be following its existing price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Svenska Cellulosa Aktiebolaget has very good reverse predictability. Overlapping area represents the amount of predictability between Svenska Cellulosa time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Svenska Cellulosa price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Svenska Cellulosa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Svenska Cellulosa lagged returns against current returns
Autocorrelation, which is Svenska Cellulosa 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 Svenska Cellulosa's pink sheet expected returns. We can calculate the autocorrelation of Svenska Cellulosa returns to help us make a trade decision. For example, suppose you find that Svenska Cellulosa 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 |
Svenska Cellulosa 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 Svenska Cellulosa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Svenska Cellulosa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Svenska Cellulosa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Svenska Cellulosa Lagged Returns
When evaluating Svenska Cellulosa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Svenska Cellulosa pink sheet have on its future price. Svenska Cellulosa 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, Svenska Cellulosa autocorrelation shows the relationship between Svenska Cellulosa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Svenska Cellulosa Aktiebolaget.
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 Svenska Cellulosa 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, Svenska Cellulosa's short interest history, or implied volatility extrapolated from Svenska Cellulosa options trading.
Currently Active Assets on Macroaxis
Check out Svenska Cellulosa Correlation, Svenska Cellulosa Volatility and Svenska Cellulosa Alpha and Beta module to complement your research on Svenska Cellulosa. Note that the Svenska Cellulosa information on this page should be used as a complementary analysis to other Svenska Cellulosa's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Svenska Pink Sheet analysis
When running Svenska Cellulosa's price analysis, check to measure Svenska Cellulosa'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 Svenska Cellulosa is operating at the current time. Most of Svenska Cellulosa's value examination focuses on studying past and present price action to predict the probability of Svenska Cellulosa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Svenska Cellulosa's price. Additionally, you may evaluate how the addition of Svenska Cellulosa to your portfolios can decrease your overall portfolio volatility.
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Svenska Cellulosa 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.