GomSpace Group (Sweden) Market Value
| GOMX Stock | SEK 4.57 0.12 2.70% |
| 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in GomSpace Group on June 8, 2023 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 540 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.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 4.75 |
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 | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.57 |
GomSpace Group AB Backtested Returns
GomSpace Group AB holds Efficiency (Sharpe) Ratio of -0.0493, which attests that the entity had a -0.0493% return per unit of risk over the last 3 months. GomSpace Group AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GomSpace Group's Standard Deviation of 2.97, market risk adjusted performance of 1.58, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GomSpace Group are expected to decrease at a much lower rate. During the bear market, GomSpace Group is likely to outperform the market. At this point, GomSpace Group AB has a negative expected return of -0.15%. Please make sure to check out GomSpace Group's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if GomSpace Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
GomSpace Group AB has weak reverse predictability. Overlapping area represents the amount of predictability between GomSpace Group time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 GomSpace Group AB price movement. The serial correlation of -0.25 indicates that over 25.0% of current GomSpace Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
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.