GomSpace Group (Sweden) Market Value
| GOMX Stock | SEK 7.18 0.61 9.28% |
| Symbol | GomSpace |
GomSpace Group '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 GomSpace Group'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 GomSpace Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in GomSpace Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding GomSpace Group AB or generate 0.0% return on investment in GomSpace Group over 90 days. GomSpace Group is related to or competes with Ambu AS, Bavarian Nordic, Zealand Pharma, and FLSmidth. GomSpace Group AB , through its subsidiaries, designs, develops, integrates, and manufactures nanosatellites for the aca... More
GomSpace Group 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 GomSpace Group'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 GomSpace Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.24 | |||
| Information Ratio | 0.1577 | |||
| Maximum Drawdown | 39.07 | |||
| Value At Risk | (7.98) | |||
| Potential Upside | 9.34 |
GomSpace Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GomSpace Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GomSpace Group's standard deviation. In reality, there are many statistical measures that can use GomSpace Group historical prices to predict the future GomSpace Group's volatility.| Risk Adjusted Performance | 0.131 | |||
| Jensen Alpha | 0.6252 | |||
| Total Risk Alpha | 1.54 | |||
| Sortino Ratio | 0.1754 | |||
| Treynor Ratio | (0.48) |
GomSpace Group AB Backtested Returns
GomSpace Group appears to be unstable, given 3 months investment horizon. GomSpace Group AB holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % return per unit of risk over the last 3 months. By evaluating GomSpace Group's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize GomSpace Group's Market Risk Adjusted Performance of (0.47), downside deviation of 5.24, and Risk Adjusted Performance of 0.131 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GomSpace Group holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -1.7, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GomSpace Group are expected to decrease by larger amounts. On the other hand, during market turmoil, GomSpace Group is expected to outperform it. Please check GomSpace Group's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether GomSpace Group's current trending patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
GomSpace Group AB has good reverse predictability. Overlapping area represents the amount of predictability between GomSpace Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GomSpace Group AB price movement. The serial correlation of -0.54 indicates that about 54.0% of current GomSpace Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
GomSpace Group AB lagged returns against current returns
Autocorrelation, which is GomSpace Group 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 GomSpace Group's stock expected returns. We can calculate the autocorrelation of GomSpace Group returns to help us make a trade decision. For example, suppose you find that GomSpace Group 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 |
GomSpace Group 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 GomSpace Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GomSpace Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GomSpace Group stock over time.
Current vs Lagged Prices |
| Timeline |
GomSpace Group Lagged Returns
When evaluating GomSpace Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GomSpace Group stock have on its future price. GomSpace Group 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, GomSpace Group autocorrelation shows the relationship between GomSpace Group stock current value and its past values and can show if there is a momentum factor associated with investing in GomSpace Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GomSpace Stock Analysis
When running GomSpace Group's price analysis, check to measure GomSpace Group'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 GomSpace Group is operating at the current time. Most of GomSpace Group's value examination focuses on studying past and present price action to predict the probability of GomSpace Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GomSpace Group's price. Additionally, you may evaluate how the addition of GomSpace Group to your portfolios can decrease your overall portfolio volatility.