Freemelt Holding (Sweden) Market Value
| FREEM Stock | 0.90 0.89 49.72% |
| Symbol | Freemelt |
Freemelt Holding '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 Freemelt Holding'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 Freemelt Holding.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Freemelt Holding on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Freemelt Holding AB or generate 0.0% return on investment in Freemelt Holding over 720 days. Freemelt Holding is related to or competes with BIMobject, Checkin Group, Crunchfish, Midsummer, and Gapwaves. More
Freemelt Holding 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 Freemelt Holding'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 Freemelt Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 31.28 | |||
| Value At Risk | (10.43) | |||
| Potential Upside | 11.6 |
Freemelt Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freemelt Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freemelt Holding's standard deviation. In reality, there are many statistical measures that can use Freemelt Holding historical prices to predict the future Freemelt Holding's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.05) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | (1.95) |
Freemelt Holding Backtested Returns
Freemelt Holding secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Freemelt Holding AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freemelt Holding's Variance of 70.46, standard deviation of 8.39, and Mean Deviation of 4.63 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Freemelt Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Freemelt Holding is expected to be smaller as well. At this point, Freemelt Holding has a negative expected return of -1.01%. Please make sure to confirm Freemelt Holding's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Freemelt Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Freemelt Holding AB has average predictability. Overlapping area represents the amount of predictability between Freemelt Holding 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 Freemelt Holding price movement. The serial correlation of 0.48 indicates that about 48.0% of current Freemelt Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Freemelt Holding lagged returns against current returns
Autocorrelation, which is Freemelt Holding 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 Freemelt Holding's stock expected returns. We can calculate the autocorrelation of Freemelt Holding returns to help us make a trade decision. For example, suppose you find that Freemelt Holding 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 |
Freemelt Holding 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 Freemelt Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freemelt Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freemelt Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Freemelt Holding Lagged Returns
When evaluating Freemelt Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freemelt Holding stock have on its future price. Freemelt Holding 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, Freemelt Holding autocorrelation shows the relationship between Freemelt Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Freemelt Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Freemelt Stock Analysis
When running Freemelt Holding's price analysis, check to measure Freemelt Holding'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 Freemelt Holding is operating at the current time. Most of Freemelt Holding's value examination focuses on studying past and present price action to predict the probability of Freemelt Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freemelt Holding's price. Additionally, you may evaluate how the addition of Freemelt Holding to your portfolios can decrease your overall portfolio volatility.