Fram Skandinavien (Sweden) Market Value
| FRAM-B Stock | SEK 7.55 0.25 3.21% |
| Symbol | Fram |
Fram Skandinavien '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 Fram Skandinavien'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 Fram Skandinavien.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fram Skandinavien on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fram Skandinavien AB or generate 0.0% return on investment in Fram Skandinavien over 90 days. Fram Skandinavien is related to or competes with Greater Than, Diadrom Holding, Corline Biomedical, BIMobject, and Integrum. Fram Skandinavien AB operates as an IT custom software development and distribution company in Southeast Asia and Northe... More
Fram Skandinavien 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 Fram Skandinavien'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 Fram Skandinavien AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 17.52 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 5.84 |
Fram Skandinavien Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fram Skandinavien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fram Skandinavien's standard deviation. In reality, there are many statistical measures that can use Fram Skandinavien historical prices to predict the future Fram Skandinavien's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (1.13) | |||
| Total Risk Alpha | (1.48) | |||
| Treynor Ratio | (0.86) |
Fram Skandinavien Backtested Returns
Fram Skandinavien secures Sharpe Ratio (or Efficiency) of -0.31, which denotes the company had a -0.31% return per unit of standard deviation over the last 3 months. Fram Skandinavien AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fram Skandinavien's Mean Deviation of 2.31, standard deviation of 3.21, and Coefficient Of Variation of (326.39) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.16, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fram Skandinavien will likely underperform. At this point, Fram Skandinavien has a negative expected return of -0.98%. Please make sure to confirm Fram Skandinavien's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Fram Skandinavien performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Fram Skandinavien AB has good predictability. Overlapping area represents the amount of predictability between Fram Skandinavien time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Fram Skandinavien price movement. The serial correlation of 0.79 indicates that around 79.0% of current Fram Skandinavien price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Fram Skandinavien lagged returns against current returns
Autocorrelation, which is Fram Skandinavien 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 Fram Skandinavien's stock expected returns. We can calculate the autocorrelation of Fram Skandinavien returns to help us make a trade decision. For example, suppose you find that Fram Skandinavien 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 |
Fram Skandinavien 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 Fram Skandinavien stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fram Skandinavien stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fram Skandinavien stock over time.
Current vs Lagged Prices |
| Timeline |
Fram Skandinavien Lagged Returns
When evaluating Fram Skandinavien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fram Skandinavien stock have on its future price. Fram Skandinavien 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, Fram Skandinavien autocorrelation shows the relationship between Fram Skandinavien stock current value and its past values and can show if there is a momentum factor associated with investing in Fram Skandinavien AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Fram Stock
Fram Skandinavien financial ratios help investors to determine whether Fram 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 Fram with respect to the benefits of owning Fram Skandinavien security.