CodeMill (Sweden) Market Value
| CDMIL Stock | 17.70 0.10 0.57% |
| Symbol | CodeMill |
CodeMill '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 CodeMill'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 CodeMill.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in CodeMill on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding CodeMill AB or generate 0.0% return on investment in CodeMill over 90 days. CodeMill is related to or competes with Fortnox AB, Truecaller, EEducation Albert, Opter AB, ChargePanel, Klimator. More
CodeMill 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 CodeMill'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 CodeMill AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.23 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.21 |
CodeMill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CodeMill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CodeMill's standard deviation. In reality, there are many statistical measures that can use CodeMill historical prices to predict the future CodeMill's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.29) |
CodeMill AB Backtested Returns
CodeMill appears to be very steady, given 3 months investment horizon. CodeMill AB secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16 % return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for CodeMill AB, which you can use to evaluate the volatility of the firm. Please makes use of CodeMill's risk adjusted performance of (0.06), and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CodeMill holds a performance score of 12. The firm shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. CodeMill returns are very sensitive to returns on the market. As the market goes up or down, CodeMill is expected to follow. Please check CodeMill's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to make a quick decision on whether CodeMill's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
CodeMill AB has very good reverse predictability. Overlapping area represents the amount of predictability between CodeMill time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th 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 CodeMill AB price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current CodeMill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
CodeMill AB lagged returns against current returns
Autocorrelation, which is CodeMill 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 CodeMill's stock expected returns. We can calculate the autocorrelation of CodeMill returns to help us make a trade decision. For example, suppose you find that CodeMill 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 |
CodeMill 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 CodeMill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CodeMill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CodeMill stock over time.
Current vs Lagged Prices |
| Timeline |
CodeMill Lagged Returns
When evaluating CodeMill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CodeMill stock have on its future price. CodeMill 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, CodeMill autocorrelation shows the relationship between CodeMill stock current value and its past values and can show if there is a momentum factor associated with investing in CodeMill AB.
Regressed Prices |
| Timeline |
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Additional Tools for CodeMill Stock Analysis
When running CodeMill's price analysis, check to measure CodeMill'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 CodeMill is operating at the current time. Most of CodeMill's value examination focuses on studying past and present price action to predict the probability of CodeMill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CodeMill's price. Additionally, you may evaluate how the addition of CodeMill to your portfolios can decrease your overall portfolio volatility.