Acast AB (Sweden) Market Value
| ACAST Stock | 16.35 0.50 2.97% |
| Symbol | Acast |
Acast 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 Acast 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 Acast AB.
| 12/15/2024 |
| 01/14/2025 |
If you would invest 0.00 in Acast AB on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Acast AB or generate 0.0% return on investment in Acast AB over 30 days. Acast AB is related to or competes with Cint Group, Storytel, Stillfront Group, Thunderful Group, and Lime Technologies. More
Acast 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 Acast 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 Acast AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0525 | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.3 |
Acast AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acast AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acast AB's standard deviation. In reality, there are many statistical measures that can use Acast AB historical prices to predict the future Acast AB's volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.1288 | |||
| Total Risk Alpha | 0.164 | |||
| Sortino Ratio | 0.0553 | |||
| Treynor Ratio | 0.5738 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Acast 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.
Acast AB Backtested Returns
Currently, Acast AB is not too volatile. Acast AB secures Sharpe Ratio (or Efficiency) of 0.0409, which signifies that the company had a 0.0409% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Acast AB, which you can use to evaluate the volatility of the firm. Please confirm Acast AB's mean deviation of 2.03, and Risk Adjusted Performance of 0.0495 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Acast AB has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Acast AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acast AB is expected to be smaller as well. Acast AB right now shows a risk of 2.75%. Please confirm Acast AB coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Acast AB will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Acast AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Acast AB time series from 15th of December 2024 to 30th of December 2024 and 30th of December 2024 to 14th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Acast AB price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Acast AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Acast AB lagged returns against current returns
Autocorrelation, which is Acast 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 Acast AB's stock expected returns. We can calculate the autocorrelation of Acast AB returns to help us make a trade decision. For example, suppose you find that Acast 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 |
Acast 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 Acast AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acast AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acast AB stock over time.
Current vs Lagged Prices |
| Timeline |
Acast AB Lagged Returns
When evaluating Acast AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acast AB stock have on its future price. Acast 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, Acast AB autocorrelation shows the relationship between Acast AB stock current value and its past values and can show if there is a momentum factor associated with investing in Acast AB.
Regressed Prices |
| Timeline |
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Additional Tools for Acast Stock Analysis
When running Acast AB's price analysis, check to measure Acast 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 Acast AB is operating at the current time. Most of Acast AB's value examination focuses on studying past and present price action to predict the probability of Acast 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 Acast AB's price. Additionally, you may evaluate how the addition of Acast AB to your portfolios can decrease your overall portfolio volatility.