Better Collective (Sweden) Market Value
| BETCO Stock | SEK 125.40 0.80 0.63% |
| Symbol | Better |
Better Collective '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 Better Collective'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 Better Collective.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Better Collective on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Better Collective or generate 0.0% return on investment in Better Collective over 30 days. Better Collective is related to or competes with Catena Media, Kambi Group, Betsson AB, and Invisio Communications. Better Collective AS, together with its subsidiaries, develops educational platforms within the iGaming industry More
Better Collective 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 Better Collective'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 Better Collective upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 44.73 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.28 |
Better Collective Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Better Collective's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Better Collective's standard deviation. In reality, there are many statistical measures that can use Better Collective historical prices to predict the future Better Collective's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.84) | |||
| Total Risk Alpha | (1.66) | |||
| Treynor Ratio | (1.18) |
Better Collective Backtested Returns
Better Collective secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Better Collective exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Better Collective's Standard Deviation of 5.43, risk adjusted performance of (0.1), and Mean Deviation of 1.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Better Collective's returns are expected to increase less than the market. However, during the bear market, the loss of holding Better Collective is expected to be smaller as well. At this point, Better Collective has a negative expected return of -0.73%. Please make sure to confirm Better Collective's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Better Collective performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Better Collective has weak reverse predictability. Overlapping area represents the amount of predictability between Better Collective time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Better Collective price movement. The serial correlation of -0.23 indicates that over 23.0% of current Better Collective price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 11.96 |
Better Collective lagged returns against current returns
Autocorrelation, which is Better Collective 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 Better Collective's stock expected returns. We can calculate the autocorrelation of Better Collective returns to help us make a trade decision. For example, suppose you find that Better Collective 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 |
Better Collective 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 Better Collective stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Better Collective stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Better Collective stock over time.
Current vs Lagged Prices |
| Timeline |
Better Collective Lagged Returns
When evaluating Better Collective's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Better Collective stock have on its future price. Better Collective 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, Better Collective autocorrelation shows the relationship between Better Collective stock current value and its past values and can show if there is a momentum factor associated with investing in Better Collective.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Better Stock Analysis
When running Better Collective's price analysis, check to measure Better Collective'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 Better Collective is operating at the current time. Most of Better Collective's value examination focuses on studying past and present price action to predict the probability of Better Collective's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Collective's price. Additionally, you may evaluate how the addition of Better Collective to your portfolios can decrease your overall portfolio volatility.