SSAB AB (Finland) Market Value
| SSABBH Stock | EUR 5.39 0.01 0.19% |
| Symbol | SSAB |
SSAB 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 SSAB 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 SSAB AB.
| 05/14/2022 |
| 05/03/2024 |
If you would invest 0.00 in SSAB AB on May 14, 2022 and sell it all today you would earn a total of 0.00 from holding SSAB AB ser or generate 0.0% return on investment in SSAB AB over 720 days. SSAB AB is related to or competes with Outokumpu Oyj, Metsa Board, Telia Company, and Wartsila Oyj. SSAB AB produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark, and internationally More
SSAB 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 SSAB 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 SSAB AB ser upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.37 | |||
| Information Ratio | 0.1066 | |||
| Maximum Drawdown | 839.97 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.7 |
SSAB AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSAB AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSAB AB's standard deviation. In reality, there are many statistical measures that can use SSAB AB historical prices to predict the future SSAB AB's volatility.| Risk Adjusted Performance | 0.0788 | |||
| Jensen Alpha | 11.06 | |||
| Total Risk Alpha | 3.82 | |||
| Sortino Ratio | 0.719 | |||
| Treynor Ratio | 16.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SSAB 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.
SSAB AB ser Backtested Returns
SSAB AB is out of control given 3 months investment horizon. SSAB AB ser retains Efficiency (Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 11.76% are justified by taking the suggested risk. Use SSAB AB ser risk adjusted performance of 0.0788, and Downside Deviation of 15.37 to evaluate company specific risk that cannot be diversified away. SSAB AB holds a performance score of 8 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SSAB AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding SSAB AB is expected to be smaller as well. Use SSAB AB ser total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to analyze future returns on SSAB AB ser.
Auto-correlation | 0.22 |
Weak predictability
SSAB AB ser has weak predictability. Overlapping area represents the amount of predictability between SSAB AB time series from 14th of May 2022 to 9th of May 2023 and 9th of May 2023 to 3rd 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 SSAB AB ser price movement. The serial correlation of 0.22 indicates that over 22.0% of current SSAB AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
SSAB AB ser lagged returns against current returns
Autocorrelation, which is SSAB 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 SSAB AB's stock expected returns. We can calculate the autocorrelation of SSAB AB returns to help us make a trade decision. For example, suppose you find that SSAB 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 |
SSAB 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 SSAB AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSAB AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSAB AB stock over time.
Current vs Lagged Prices |
| Timeline |
SSAB AB Lagged Returns
When evaluating SSAB AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSAB AB stock have on its future price. SSAB 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, SSAB AB autocorrelation shows the relationship between SSAB AB stock current value and its past values and can show if there is a momentum factor associated with investing in SSAB AB ser.
Regressed Prices |
| Timeline |
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Check out SSAB AB Correlation, SSAB AB Volatility and SSAB AB Alpha and Beta module to complement your research on SSAB AB. Note that the SSAB AB ser information on this page should be used as a complementary analysis to other SSAB 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for SSAB Stock analysis
When running SSAB AB's price analysis, check to measure SSAB 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 SSAB AB is operating at the current time. Most of SSAB AB's value examination focuses on studying past and present price action to predict the probability of SSAB 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 SSAB AB's price. Additionally, you may evaluate how the addition of SSAB AB to your portfolios can decrease your overall portfolio volatility.
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SSAB 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.