SinterCast (Sweden) Market Value
| SINT Stock | SEK 107.50 2.50 2.38% |
| Symbol | SinterCast |
SinterCast '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 SinterCast'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 SinterCast.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in SinterCast on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding SinterCast AB or generate 0.0% return on investment in SinterCast over 30 days. SinterCast is related to or competes with Inwido AB, Cloetta AB, Clas Ohlson, and Bilia AB. SinterCast AB provides process control technology and solutions for the production of compacted graphite iron to foundri... More
SinterCast 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 SinterCast'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 SinterCast AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0462 | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.71 |
SinterCast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SinterCast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SinterCast's standard deviation. In reality, there are many statistical measures that can use SinterCast historical prices to predict the future SinterCast's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.1414 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0419 | |||
| Treynor Ratio | (1.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SinterCast'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.
SinterCast AB Backtested Returns
We consider SinterCast very steady. SinterCast AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0998, which indicates the firm had a 0.0998% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SinterCast AB, which you can use to evaluate the volatility of the company. Please validate SinterCast's Semi Deviation of 1.12, coefficient of variation of 966.71, and Risk Adjusted Performance of 0.0708 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. SinterCast has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SinterCast are expected to decrease at a much lower rate. During the bear market, SinterCast is likely to outperform the market. SinterCast AB right now has a risk of 1.37%. Please validate SinterCast total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if SinterCast will be following its existing price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
SinterCast AB has virtually no predictability. Overlapping area represents the amount of predictability between SinterCast time series from 5th of April 2024 to 20th of April 2024 and 20th 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 SinterCast AB price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current SinterCast price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.2 |
SinterCast AB lagged returns against current returns
Autocorrelation, which is SinterCast 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 SinterCast's stock expected returns. We can calculate the autocorrelation of SinterCast returns to help us make a trade decision. For example, suppose you find that SinterCast 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 |
SinterCast 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 SinterCast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SinterCast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SinterCast stock over time.
Current vs Lagged Prices |
| Timeline |
SinterCast Lagged Returns
When evaluating SinterCast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SinterCast stock have on its future price. SinterCast 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, SinterCast autocorrelation shows the relationship between SinterCast stock current value and its past values and can show if there is a momentum factor associated with investing in SinterCast AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out SinterCast Correlation, SinterCast Volatility and SinterCast Alpha and Beta module to complement your research on SinterCast. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for SinterCast Stock analysis
When running SinterCast's price analysis, check to measure SinterCast'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 SinterCast is operating at the current time. Most of SinterCast's value examination focuses on studying past and present price action to predict the probability of SinterCast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SinterCast's price. Additionally, you may evaluate how the addition of SinterCast to your portfolios can decrease your overall portfolio volatility.
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SinterCast 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.