Checkin Group (Sweden) Market Value
| CHECK Stock | 14.35 0.50 3.37% |
| Symbol | Checkin |
Checkin 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 Checkin 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 Checkin Group.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Checkin Group on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Checkin Group AB or generate 0.0% return on investment in Checkin Group over 720 days. Checkin Group is related to or competes with Bambuser, Cint Group, Sinch AB, and Surgical Science. More
Checkin 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 Checkin 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 Checkin Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 18.3 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.41 |
Checkin Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Checkin Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Checkin Group's standard deviation. In reality, there are many statistical measures that can use Checkin Group historical prices to predict the future Checkin Group's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (7.77) |
Checkin Group AB Backtested Returns
Checkin Group AB secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Checkin Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Checkin Group's mean deviation of 2.96, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0727, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Checkin Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Checkin Group is expected to be smaller as well. At this point, Checkin Group AB has a negative expected return of -0.5%. Please make sure to confirm Checkin Group's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Checkin Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Checkin Group AB has average predictability. Overlapping area represents the amount of predictability between Checkin Group time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Checkin Group AB price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Checkin Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 70.58 |
Checkin Group AB lagged returns against current returns
Autocorrelation, which is Checkin 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 Checkin Group's stock expected returns. We can calculate the autocorrelation of Checkin Group returns to help us make a trade decision. For example, suppose you find that Checkin 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 |
Checkin 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 Checkin Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Checkin Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Checkin Group stock over time.
Current vs Lagged Prices |
| Timeline |
Checkin Group Lagged Returns
When evaluating Checkin Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Checkin Group stock have on its future price. Checkin 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, Checkin Group autocorrelation shows the relationship between Checkin Group stock current value and its past values and can show if there is a momentum factor associated with investing in Checkin Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Checkin Stock Analysis
When running Checkin Group's price analysis, check to measure Checkin 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 Checkin Group is operating at the current time. Most of Checkin Group's value examination focuses on studying past and present price action to predict the probability of Checkin 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 Checkin Group's price. Additionally, you may evaluate how the addition of Checkin Group to your portfolios can decrease your overall portfolio volatility.