Goodbye Kansas (Sweden) Market Value
| GBK Stock | SEK 1.42 0.01 0.70% |
| Symbol | Goodbye |
Goodbye Kansas '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 Goodbye Kansas' 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 Goodbye Kansas.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Goodbye Kansas on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Goodbye Kansas Group or generate 0.0% return on investment in Goodbye Kansas over 720 days. Goodbye Kansas is related to or competes with Media, Online Brands, USWE Sports, G5 Entertainment, Lundin Mining, and Arion Banki. Goodbye Kansas Group AB , together with its subsidiaries, operates as a visualization and extended reality technology co... More
Goodbye Kansas 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 Goodbye Kansas' 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 Goodbye Kansas Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | 0.0578 | |||
| Maximum Drawdown | 27.67 | |||
| Value At Risk | (9.29) | |||
| Potential Upside | 11.21 |
Goodbye Kansas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodbye Kansas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodbye Kansas' standard deviation. In reality, there are many statistical measures that can use Goodbye Kansas historical prices to predict the future Goodbye Kansas' volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.4903 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0615 | |||
| Treynor Ratio | (1.07) |
Goodbye Kansas Group Backtested Returns
Goodbye Kansas appears to be extremely dangerous, given 3 months investment horizon. Goodbye Kansas Group holds Efficiency (Sharpe) Ratio of 0.0738, which attests that the entity had a 0.0738% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Goodbye Kansas Group, which you can use to evaluate the volatility of the firm. Please utilize Goodbye Kansas' Market Risk Adjusted Performance of (1.06), downside deviation of 5.89, and Risk Adjusted Performance of 0.0623 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goodbye Kansas holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goodbye Kansas are expected to decrease at a much lower rate. During the bear market, Goodbye Kansas is likely to outperform the market. Please check Goodbye Kansas' semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Goodbye Kansas' current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Goodbye Kansas Group has good predictability. Overlapping area represents the amount of predictability between Goodbye Kansas time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Goodbye Kansas Group price movement. The serial correlation of 0.73 indicates that around 73.0% of current Goodbye Kansas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 30.28 |
Goodbye Kansas Group lagged returns against current returns
Autocorrelation, which is Goodbye Kansas 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 Goodbye Kansas' stock expected returns. We can calculate the autocorrelation of Goodbye Kansas returns to help us make a trade decision. For example, suppose you find that Goodbye Kansas 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 |
Goodbye Kansas 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 Goodbye Kansas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodbye Kansas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodbye Kansas stock over time.
Current vs Lagged Prices |
| Timeline |
Goodbye Kansas Lagged Returns
When evaluating Goodbye Kansas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodbye Kansas stock have on its future price. Goodbye Kansas 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, Goodbye Kansas autocorrelation shows the relationship between Goodbye Kansas stock current value and its past values and can show if there is a momentum factor associated with investing in Goodbye Kansas Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goodbye Stock Analysis
When running Goodbye Kansas' price analysis, check to measure Goodbye Kansas' 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 Goodbye Kansas is operating at the current time. Most of Goodbye Kansas' value examination focuses on studying past and present price action to predict the probability of Goodbye Kansas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodbye Kansas' price. Additionally, you may evaluate how the addition of Goodbye Kansas to your portfolios can decrease your overall portfolio volatility.