24SevenOffice Scandinavia (Sweden) Market Value
| 247 Stock | 23.40 0.10 0.43% |
| Symbol | 24SevenOffice |
Please note, there is a significant difference between 24SevenOffice Scandinavia's value and its price as these two are different measures arrived at by different means. Investors typically determine if 24SevenOffice Scandinavia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 24SevenOffice Scandinavia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
24SevenOffice Scandinavia '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 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in 24SevenOffice Scandinavia on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding 24SevenOffice Scandinavia AB or generate 0.0% return on investment in 24SevenOffice Scandinavia over 30 days. 24SevenOffice Scandinavia is related to or competes with Viva Wine, Nexam Chemical, Fractal Gaming, Sdiptech, and Arctic Blue. More
24SevenOffice Scandinavia 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 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0239 | |||
| Maximum Drawdown | 32.03 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.57 |
24SevenOffice Scandinavia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 24SevenOffice Scandinavia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 24SevenOffice Scandinavia's standard deviation. In reality, there are many statistical measures that can use 24SevenOffice Scandinavia historical prices to predict the future 24SevenOffice Scandinavia's volatility.| Risk Adjusted Performance | 0.0523 | |||
| Jensen Alpha | 0.3233 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0484 | |||
| Treynor Ratio | (0.29) |
24SevenOffice Scandinavia Backtested Returns
24SevenOffice Scandinavia appears to be not too volatile, given 3 months investment horizon. 24SevenOffice Scandinavia secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 24SevenOffice Scandinavia AB, which you can use to evaluate the volatility of the entity. Please makes use of 24SevenOffice Scandinavia's mean deviation of 1.67, and Coefficient Of Variation of 1728.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 24SevenOffice Scandinavia holds a performance score of 7. The firm shows a Beta (market volatility) of -0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 24SevenOffice Scandinavia are expected to decrease at a much lower rate. During the bear market, 24SevenOffice Scandinavia is likely to outperform the market. Please check 24SevenOffice Scandinavia's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether 24SevenOffice Scandinavia's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
24SevenOffice Scandinavia AB has virtually no predictability. Overlapping area represents the amount of predictability between 24SevenOffice Scandinavia time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 24SevenOffice Scandinavia price movement. The serial correlation of 0.02 indicates that only 2.0% of current 24SevenOffice Scandinavia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
24SevenOffice Scandinavia lagged returns against current returns
Autocorrelation, which is 24SevenOffice Scandinavia 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 24SevenOffice Scandinavia's stock expected returns. We can calculate the autocorrelation of 24SevenOffice Scandinavia returns to help us make a trade decision. For example, suppose you find that 24SevenOffice Scandinavia 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 |
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24SevenOffice Scandinavia 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 24SevenOffice Scandinavia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 24SevenOffice Scandinavia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 24SevenOffice Scandinavia stock over time.
Current vs Lagged Prices |
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24SevenOffice Scandinavia Lagged Returns
When evaluating 24SevenOffice Scandinavia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 24SevenOffice Scandinavia stock have on its future price. 24SevenOffice Scandinavia 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, 24SevenOffice Scandinavia autocorrelation shows the relationship between 24SevenOffice Scandinavia stock current value and its past values and can show if there is a momentum factor associated with investing in 24SevenOffice Scandinavia AB.
Regressed Prices |
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Additional Tools for 24SevenOffice Stock Analysis
When running 24SevenOffice Scandinavia's price analysis, check to measure 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia is operating at the current time. Most of 24SevenOffice Scandinavia's value examination focuses on studying past and present price action to predict the probability of 24SevenOffice Scandinavia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 24SevenOffice Scandinavia's price. Additionally, you may evaluate how the addition of 24SevenOffice Scandinavia to your portfolios can decrease your overall portfolio volatility.