Catella AB (Sweden) Market Value
| CAT-A Stock | SEK 27.20 0.80 2.86% |
| Symbol | Catella |
Catella AB '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 Catella AB'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 Catella AB.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Catella AB on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Catella AB A or generate 0.0% return on investment in Catella AB over 30 days. Catella AB is related to or competes with SBB-B, and Swedbank. Catella AB , together with its subsidiaries, provides property advisory and investments, fund management, and banking se... More
Catella AB 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 Catella AB'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 Catella AB A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 4.23 |
Catella AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catella AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catella AB's standard deviation. In reality, there are many statistical measures that can use Catella AB historical prices to predict the future Catella AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Catella AB'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.
Catella AB A Backtested Returns
Catella AB A secures Sharpe Ratio (or Efficiency) of -0.0328, which signifies that the company had a -0.0328% return per unit of risk over the last 3 months. Catella AB A exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Catella AB's Standard Deviation of 2.81, risk adjusted performance of (0.01), and Mean Deviation of 1.51 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Catella AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Catella AB is expected to be smaller as well. Catella AB A has an expected return of -0.0829%. Please make sure to confirm Catella AB A potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Catella AB A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Catella AB A has near perfect reversele predictability. Overlapping area represents the amount of predictability between Catella AB time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Catella AB A price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Catella AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Catella AB A lagged returns against current returns
Autocorrelation, which is Catella AB 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 Catella AB's stock expected returns. We can calculate the autocorrelation of Catella AB returns to help us make a trade decision. For example, suppose you find that Catella AB 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 |
Catella AB 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 Catella AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catella AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catella AB stock over time.
Current vs Lagged Prices |
| Timeline |
Catella AB Lagged Returns
When evaluating Catella AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catella AB stock have on its future price. Catella AB 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, Catella AB autocorrelation shows the relationship between Catella AB stock current value and its past values and can show if there is a momentum factor associated with investing in Catella AB A.
Regressed Prices |
| Timeline |
Pair Trading with Catella AB
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Catella AB position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Catella AB will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Catella AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catella AB when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Catella AB - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Catella AB A to buy it.
The correlation of Catella AB is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catella AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catella AB A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Catella AB can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Catella AB Correlation, Catella AB Volatility and Catella AB Alpha and Beta module to complement your research on Catella AB. Note that the Catella AB A information on this page should be used as a complementary analysis to other Catella AB'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Catella Stock analysis
When running Catella AB's price analysis, check to measure Catella AB'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 Catella AB is operating at the current time. Most of Catella AB's value examination focuses on studying past and present price action to predict the probability of Catella AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catella AB's price. Additionally, you may evaluate how the addition of Catella AB to your portfolios can decrease your overall portfolio volatility.
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Catella AB 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.