BTS Group (Sweden) Market Value
| BTS-B Stock | SEK 258.00 6.00 2.27% |
| Symbol | BTS |
BTS 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 BTS 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 BTS Group.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in BTS Group on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding BTS Group AB or generate 0.0% return on investment in BTS Group over 30 days. BTS Group is related to or competes with Betsson AB, Bjorn Borg, Novotek AB, CellaVision, and Mycronic Publ. BTS Group AB operates as a consulting and education firm in Sweden and internationally More
BTS 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 BTS 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 BTS Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.11 |
BTS Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BTS Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BTS Group's standard deviation. In reality, there are many statistical measures that can use BTS Group historical prices to predict the future BTS Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (1.38) |
BTS Group AB Backtested Returns
BTS Group AB secures Sharpe Ratio (or Efficiency) of -0.0661, which signifies that the company had a -0.0661% return per unit of risk over the last 3 months. BTS Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BTS Group's mean deviation of 1.07, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0714, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BTS Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding BTS Group is expected to be smaller as well. At this point, BTS Group AB has a negative expected return of -0.0888%. Please make sure to confirm BTS Group's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if BTS Group AB performance from the past will be repeated at future time.
Auto-correlation | 0.63 |
Good predictability
BTS Group AB has good predictability. Overlapping area represents the amount of predictability between BTS Group time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 BTS Group AB price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current BTS Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 19.65 |
BTS Group AB lagged returns against current returns
Autocorrelation, which is BTS 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 BTS Group's stock expected returns. We can calculate the autocorrelation of BTS Group returns to help us make a trade decision. For example, suppose you find that BTS 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 |
BTS 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 BTS Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BTS Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BTS Group stock over time.
Current vs Lagged Prices |
| Timeline |
BTS Group Lagged Returns
When evaluating BTS Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BTS Group stock have on its future price. BTS 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, BTS Group autocorrelation shows the relationship between BTS Group stock current value and its past values and can show if there is a momentum factor associated with investing in BTS Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BTS Stock Analysis
When running BTS Group's price analysis, check to measure BTS Group'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 BTS Group is operating at the current time. Most of BTS Group's value examination focuses on studying past and present price action to predict the probability of BTS Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BTS Group's price. Additionally, you may evaluate how the addition of BTS Group to your portfolios can decrease your overall portfolio volatility.