Fractal Gaming (Sweden) Market Value
| FRACTL Stock | SEK 31.70 0.10 0.32% |
| Symbol | Fractal |
Fractal Gaming '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 Fractal Gaming'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 Fractal Gaming.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fractal Gaming on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fractal Gaming Group or generate 0.0% return on investment in Fractal Gaming over 30 days. Fractal Gaming is related to or competes with Media, Cint Group, Thunderful Group, Enad Global, and Rugvista Group. Fractal Gaming Group AB offers PC gaming products worldwide More
Fractal Gaming 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 Fractal Gaming'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 Fractal Gaming Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.1 |
Fractal Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fractal Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fractal Gaming's standard deviation. In reality, there are many statistical measures that can use Fractal Gaming historical prices to predict the future Fractal Gaming's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.3407 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fractal Gaming's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fractal Gaming Group Backtested Returns
Fractal Gaming Group secures Sharpe Ratio (or Efficiency) of -0.0749, which denotes the company had a -0.0749% return per unit of standard deviation over the last 3 months. Fractal Gaming Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fractal Gaming's Standard Deviation of 1.3, coefficient of variation of (2,272), and Mean Deviation of 1.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fractal Gaming are expected to decrease at a much lower rate. During the bear market, Fractal Gaming is likely to outperform the market. At this point, Fractal Gaming Group has a negative expected return of -0.0952%. Please make sure to confirm Fractal Gaming's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Fractal Gaming Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Fractal Gaming Group has modest predictability. Overlapping area represents the amount of predictability between Fractal Gaming 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 Fractal Gaming Group price movement. The serial correlation of 0.52 indicates that about 52.0% of current Fractal Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fractal Gaming Group lagged returns against current returns
Autocorrelation, which is Fractal Gaming 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 Fractal Gaming's stock expected returns. We can calculate the autocorrelation of Fractal Gaming returns to help us make a trade decision. For example, suppose you find that Fractal Gaming 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 |
Fractal Gaming 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 Fractal Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fractal Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fractal Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Fractal Gaming Lagged Returns
When evaluating Fractal Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fractal Gaming stock have on its future price. Fractal Gaming 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, Fractal Gaming autocorrelation shows the relationship between Fractal Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Fractal Gaming Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Fractal Stock
Fractal Gaming financial ratios help investors to determine whether Fractal 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 Fractal with respect to the benefits of owning Fractal Gaming security.