Candles Scandinavia (Sweden) Market Value
| CANDLE-B | 31.00 2.60 9.15% |
| Symbol | Candles |
Candles Scandinavia '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 Candles Scandinavia'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 Candles Scandinavia.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Candles Scandinavia on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Candles Scandinavia AB or generate 0.0% return on investment in Candles Scandinavia over 90 days. Candles Scandinavia is related to or competes with Beauty Health, Unilever PLC, ELF Beauty, Hims Hers, Lyko Group, Duroc AB, and Byggmax Group. More
Candles Scandinavia 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 Candles Scandinavia'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 Candles Scandinavia AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.1973 | |||
| Maximum Drawdown | 39.43 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 8.23 |
Candles Scandinavia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Candles Scandinavia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Candles Scandinavia's standard deviation. In reality, there are many statistical measures that can use Candles Scandinavia historical prices to predict the future Candles Scandinavia's volatility.| Risk Adjusted Performance | 0.2197 | |||
| Jensen Alpha | 1.33 | |||
| Total Risk Alpha | 0.3889 | |||
| Sortino Ratio | 0.2229 | |||
| Treynor Ratio | (0.68) |
Candles Scandinavia Backtested Returns
Candles Scandinavia is somewhat reliable given 3 months investment horizon. Candles Scandinavia secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23 % return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use Candles Scandinavia Mean Deviation of 3.08, downside deviation of 4.35, and Risk Adjusted Performance of 0.2197 to evaluate company specific risk that cannot be diversified away. Candles Scandinavia holds a performance score of 18 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.63, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Candles Scandinavia are expected to decrease by larger amounts. On the other hand, during market turmoil, Candles Scandinavia is expected to outperform it. Use Candles Scandinavia sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Candles Scandinavia.
Auto-correlation | -0.02 |
Very weak reverse predictability
Candles Scandinavia AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Candles Scandinavia time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Candles Scandinavia price movement. The serial correlation of -0.02 indicates that only 2.0% of current Candles Scandinavia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 5.43 |
Candles Scandinavia lagged returns against current returns
Autocorrelation, which is Candles Scandinavia 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 Candles Scandinavia's stock expected returns. We can calculate the autocorrelation of Candles Scandinavia returns to help us make a trade decision. For example, suppose you find that Candles Scandinavia 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 |
Candles Scandinavia 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 Candles Scandinavia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Candles Scandinavia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Candles Scandinavia stock over time.
Current vs Lagged Prices |
| Timeline |
Candles Scandinavia Lagged Returns
When evaluating Candles Scandinavia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Candles Scandinavia stock have on its future price. Candles Scandinavia 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, Candles Scandinavia autocorrelation shows the relationship between Candles Scandinavia stock current value and its past values and can show if there is a momentum factor associated with investing in Candles Scandinavia AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Candles Stock
Candles Scandinavia financial ratios help investors to determine whether Candles Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Candles with respect to the benefits of owning Candles Scandinavia security.