Lindab International (Sweden) Market Value
| LIAB Stock | SEK 210.40 5.80 2.68% |
| Symbol | Lindab |
Lindab International '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 Lindab International'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 Lindab International.
| 03/06/2024 |
| 05/05/2024 |
If you would invest 0.00 in Lindab International on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding Lindab International AB or generate 0.0% return on investment in Lindab International over 60 days. Lindab International is related to or competes with Cloetta AB, Clas Ohlson, and Bilia AB. Lindab International AB develops, manufactures, markets, and distributes products and system solutions for construction ... More
Lindab International 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 Lindab International'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 Lindab International AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.4 |
Lindab International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lindab International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lindab International's standard deviation. In reality, there are many statistical measures that can use Lindab International historical prices to predict the future Lindab International's volatility.| Risk Adjusted Performance | 0.0537 | |||
| Jensen Alpha | 0.135 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0241 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lindab International'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.
Lindab International Backtested Returns
We consider Lindab International very steady. Lindab International has Sharpe Ratio of 0.0639, which conveys that the firm had a 0.0639% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lindab International, which you can use to evaluate the volatility of the firm. Please verify Lindab International's Risk Adjusted Performance of 0.0537, downside deviation of 1.98, and Mean Deviation of 1.25 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Lindab International has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lindab International are expected to decrease at a much lower rate. During the bear market, Lindab International is likely to outperform the market. Lindab International right now secures a risk of 1.71%. Please verify Lindab International AB jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Lindab International AB will be following its current price movements.
Auto-correlation | -0.82 |
Excellent reverse predictability
Lindab International AB has excellent reverse predictability. Overlapping area represents the amount of predictability between Lindab International time series from 6th of March 2024 to 5th of April 2024 and 5th of April 2024 to 5th of May 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 Lindab International price movement. The serial correlation of -0.82 indicates that around 82.0% of current Lindab International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 55.24 |
Lindab International lagged returns against current returns
Autocorrelation, which is Lindab International 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 Lindab International's stock expected returns. We can calculate the autocorrelation of Lindab International returns to help us make a trade decision. For example, suppose you find that Lindab International 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 |
Lindab International 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 Lindab International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lindab International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lindab International stock over time.
Current vs Lagged Prices |
| Timeline |
Lindab International Lagged Returns
When evaluating Lindab International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lindab International stock have on its future price. Lindab International 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, Lindab International autocorrelation shows the relationship between Lindab International stock current value and its past values and can show if there is a momentum factor associated with investing in Lindab International AB.
Regressed Prices |
| Timeline |
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Complementary Tools for Lindab Stock analysis
When running Lindab International's price analysis, check to measure Lindab International'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 Lindab International is operating at the current time. Most of Lindab International's value examination focuses on studying past and present price action to predict the probability of Lindab International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lindab International's price. Additionally, you may evaluate how the addition of Lindab International to your portfolios can decrease your overall portfolio volatility.
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Lindab International 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.