Generic Sweden (Sweden) Market Value
| GENI Stock | SEK 49.10 0.20 0.41% |
| Symbol | Generic |
Generic Sweden '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 Generic Sweden'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 Generic Sweden.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Generic Sweden on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Generic Sweden publ or generate 0.0% return on investment in Generic Sweden over 30 days. Generic Sweden is related to or competes with FormPipe Software, Novotek AB, Hanza AB, Genovis AB, and Avensia Publ. Generic Sweden AB provides consulting and telecommunication services in Sweden More
Generic Sweden 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 Generic Sweden'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 Generic Sweden publ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.0009) | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.83 |
Generic Sweden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Generic Sweden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Generic Sweden's standard deviation. In reality, there are many statistical measures that can use Generic Sweden historical prices to predict the future Generic Sweden's volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.0808 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3564 |
Generic Sweden publ Backtested Returns
Currently, Generic Sweden publ is very steady. Generic Sweden publ holds Efficiency (Sharpe) Ratio of 0.0736, which attests that the entity had a 0.0736% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Generic Sweden publ, which you can use to evaluate the volatility of the firm. Please check out Generic Sweden's Risk Adjusted Performance of 0.0609, downside deviation of 1.52, and Market Risk Adjusted Performance of 0.3664 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Generic Sweden has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Generic Sweden's returns are expected to increase less than the market. However, during the bear market, the loss of holding Generic Sweden is expected to be smaller as well. Generic Sweden publ right now retains a risk of 1.89%. Please check out Generic Sweden standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Generic Sweden will be following its current trending patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Generic Sweden publ has insignificant reverse predictability. Overlapping area represents the amount of predictability between Generic Sweden time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Generic Sweden publ price movement. The serial correlation of -0.19 indicates that over 19.0% of current Generic Sweden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.35 |
Generic Sweden publ lagged returns against current returns
Autocorrelation, which is Generic Sweden 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 Generic Sweden's stock expected returns. We can calculate the autocorrelation of Generic Sweden returns to help us make a trade decision. For example, suppose you find that Generic Sweden 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 |
Generic Sweden 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 Generic Sweden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Generic Sweden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Generic Sweden stock over time.
Current vs Lagged Prices |
| Timeline |
Generic Sweden Lagged Returns
When evaluating Generic Sweden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Generic Sweden stock have on its future price. Generic Sweden 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, Generic Sweden autocorrelation shows the relationship between Generic Sweden stock current value and its past values and can show if there is a momentum factor associated with investing in Generic Sweden publ.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Generic Stock Analysis
When running Generic Sweden's price analysis, check to measure Generic Sweden'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 Generic Sweden is operating at the current time. Most of Generic Sweden's value examination focuses on studying past and present price action to predict the probability of Generic Sweden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Generic Sweden's price. Additionally, you may evaluate how the addition of Generic Sweden to your portfolios can decrease your overall portfolio volatility.