SolTech Energy (Sweden) Market Value
| SOLT Stock | SEK 1.90 0.01 0.53% |
| Symbol | SolTech |
SolTech Energy '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 SolTech Energy'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 SolTech Energy.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in SolTech Energy on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding SolTech Energy Sweden or generate 0.0% return on investment in SolTech Energy over 180 days. SolTech Energy is related to or competes with Eolus Vind, Sinch AB, Embracer Group, and Powercell Sweden. SolTech Energy Sweden AB develops and sells building-integrated solar energy products for various commercial, public, an... More
SolTech Energy 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 SolTech Energy'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 SolTech Energy Sweden upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 28.88 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 8.08 |
SolTech Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolTech Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolTech Energy's standard deviation. In reality, there are many statistical measures that can use SolTech Energy historical prices to predict the future SolTech Energy's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 0.9669 |
SolTech Energy Sweden Backtested Returns
SolTech Energy Sweden 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. SolTech Energy Sweden exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SolTech Energy's Risk Adjusted Performance of (0.08), variance of 18.4, and Coefficient Of Variation of (815.06) to confirm the risk estimate we provide. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SolTech Energy are expected to decrease at a much lower rate. During the bear market, SolTech Energy is likely to outperform the market. At this point, SolTech Energy Sweden has a negative expected return of -0.57%. Please make sure to validate SolTech Energy's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if SolTech Energy Sweden performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
SolTech Energy Sweden has very good predictability. Overlapping area represents the amount of predictability between SolTech Energy time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th of December 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 SolTech Energy Sweden price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current SolTech Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
SolTech Energy Sweden lagged returns against current returns
Autocorrelation, which is SolTech Energy 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 SolTech Energy's stock expected returns. We can calculate the autocorrelation of SolTech Energy returns to help us make a trade decision. For example, suppose you find that SolTech Energy 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 |
SolTech Energy 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 SolTech Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolTech Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolTech Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SolTech Energy Lagged Returns
When evaluating SolTech Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolTech Energy stock have on its future price. SolTech Energy 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, SolTech Energy autocorrelation shows the relationship between SolTech Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SolTech Energy Sweden.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SolTech Stock Analysis
When running SolTech Energy's price analysis, check to measure SolTech Energy'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 SolTech Energy is operating at the current time. Most of SolTech Energy's value examination focuses on studying past and present price action to predict the probability of SolTech Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SolTech Energy's price. Additionally, you may evaluate how the addition of SolTech Energy to your portfolios can decrease your overall portfolio volatility.