EWork Group (Sweden) Market Value
| EWRK Stock | SEK 139.20 0.40 0.29% |
| Symbol | EWork |
EWork 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 EWork 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 EWork Group.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in EWork Group on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding eWork Group AB or generate 0.0% return on investment in EWork Group over 360 days. EWork Group is related to or competes with Softronic, Proact IT, Inwido AB, NOTE AB, and Niloerngruppen. Ework Group AB operates as a consultant supplier with focus on IT, telecom, technology, and business development in Swed... More
EWork 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 EWork 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 eWork Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.93 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 2.14 |
EWork Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EWork Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EWork Group's standard deviation. In reality, there are many statistical measures that can use EWork Group historical prices to predict the future EWork Group's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1477 |
eWork Group AB Backtested Returns
eWork Group AB secures Sharpe Ratio (or Efficiency) of -0.0078, which denotes the company had a -0.0078% return per unit of risk over the last 3 months. eWork Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EWork Group's Coefficient Of Variation of (39,621), risk adjusted performance of 0.0019, and Standard Deviation of 1.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.089, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EWork Group are expected to decrease at a much lower rate. During the bear market, EWork Group is likely to outperform the market. At this point, eWork Group AB has a negative expected return of -0.0098%. Please make sure to confirm EWork Group's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if eWork Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
eWork Group AB has virtually no predictability. Overlapping area represents the amount of predictability between EWork Group time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 eWork Group AB price movement. The serial correlation of 0.01 indicates that just 1.0% of current EWork Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 5.8 |
eWork Group AB lagged returns against current returns
Autocorrelation, which is EWork 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 EWork Group's stock expected returns. We can calculate the autocorrelation of EWork Group returns to help us make a trade decision. For example, suppose you find that EWork 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 |
EWork 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 EWork Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EWork Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EWork Group stock over time.
Current vs Lagged Prices |
| Timeline |
EWork Group Lagged Returns
When evaluating EWork Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EWork Group stock have on its future price. EWork 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, EWork Group autocorrelation shows the relationship between EWork Group stock current value and its past values and can show if there is a momentum factor associated with investing in eWork Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EWork Stock Analysis
When running EWork Group's price analysis, check to measure EWork 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 EWork Group is operating at the current time. Most of EWork Group's value examination focuses on studying past and present price action to predict the probability of EWork 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 EWork Group's price. Additionally, you may evaluate how the addition of EWork Group to your portfolios can decrease your overall portfolio volatility.