ADDvise Group (Sweden) Market Value
| ADDV-A Stock | SEK 9.62 0.62 6.89% |
| Symbol | ADDvise |
ADDvise Group '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 ADDvise Group'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 ADDvise Group.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in ADDvise Group on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding ADDvise Group AB or generate 0.0% return on investment in ADDvise Group over 90 days. ADDvise Group is related to or competes with ADDvise Group, Hanza AB, Awardit AB, Doxa AB, and Advenica. ADDvise Group AB , through its subsidiaries, develops and markets equipment and services to healthcare and research faci... More
ADDvise Group 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 ADDvise Group'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 ADDvise Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 29.1 | |||
| Value At Risk | (9.41) | |||
| Potential Upside | 13.64 |
ADDvise Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADDvise Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADDvise Group's standard deviation. In reality, there are many statistical measures that can use ADDvise Group historical prices to predict the future ADDvise Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | 0.4401 | |||
| Treynor Ratio | 0.1637 |
ADDvise Group AB Backtested Returns
ADDvise Group AB secures Sharpe Ratio (or Efficiency) of -0.0308, which signifies that the company had a -0.0308 % return per unit of risk over the last 3 months. ADDvise Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ADDvise Group's Standard Deviation of 6.19, mean deviation of 4.23, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.22, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ADDvise Group are expected to decrease by larger amounts. On the other hand, during market turmoil, ADDvise Group is expected to outperform it. At this point, ADDvise Group AB has a negative expected return of -0.19%. Please make sure to confirm ADDvise Group's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ADDvise Group AB performance from the past will be repeated at some future date.
Auto-correlation | -0.54 |
Good reverse predictability
ADDvise Group AB has good reverse predictability. Overlapping area represents the amount of predictability between ADDvise Group time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 ADDvise Group AB price movement. The serial correlation of -0.54 indicates that about 54.0% of current ADDvise Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
ADDvise Group AB lagged returns against current returns
Autocorrelation, which is ADDvise Group 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 ADDvise Group's stock expected returns. We can calculate the autocorrelation of ADDvise Group returns to help us make a trade decision. For example, suppose you find that ADDvise Group 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 |
ADDvise Group 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 ADDvise Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADDvise Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADDvise Group stock over time.
Current vs Lagged Prices |
| Timeline |
ADDvise Group Lagged Returns
When evaluating ADDvise Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADDvise Group stock have on its future price. ADDvise Group 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, ADDvise Group autocorrelation shows the relationship between ADDvise Group stock current value and its past values and can show if there is a momentum factor associated with investing in ADDvise Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ADDvise Stock
ADDvise Group financial ratios help investors to determine whether ADDvise Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ADDvise with respect to the benefits of owning ADDvise Group security.