Maven Wireless (Sweden) Market Value
| MAVEN Stock | 10.20 0.10 0.97% |
| Symbol | Maven |
Maven Wireless '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 Maven Wireless' 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 Maven Wireless.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Maven Wireless on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Maven Wireless Sweden or generate 0.0% return on investment in Maven Wireless over 180 days. Maven Wireless is related to or competes with Embracer Group, SBB-B, Evolution, Stillfront Group, and Hexatronic Group. More
Maven Wireless 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 Maven Wireless' 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 Maven Wireless Sweden upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.91 |
Maven Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maven Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maven Wireless' standard deviation. In reality, there are many statistical measures that can use Maven Wireless historical prices to predict the future Maven Wireless' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (1.59) |
Maven Wireless Sweden Backtested Returns
Maven Wireless Sweden has Sharpe Ratio of -0.0697, which conveys that the firm had a -0.0697% return per unit of risk over the last 3 months. Maven Wireless exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Maven Wireless' Mean Deviation of 2.41, standard deviation of 3.08, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Maven Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Maven Wireless is expected to be smaller as well. At this point, Maven Wireless Sweden has a negative expected return of -0.22%. Please make sure to verify Maven Wireless' value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Maven Wireless Sweden performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Maven Wireless Sweden has very weak predictability. Overlapping area represents the amount of predictability between Maven Wireless time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Maven Wireless Sweden price movement. The serial correlation of 0.16 indicates that over 16.0% of current Maven Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Maven Wireless Sweden lagged returns against current returns
Autocorrelation, which is Maven Wireless 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 Maven Wireless' stock expected returns. We can calculate the autocorrelation of Maven Wireless returns to help us make a trade decision. For example, suppose you find that Maven Wireless 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 |
Maven Wireless 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 Maven Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maven Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maven Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Maven Wireless Lagged Returns
When evaluating Maven Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maven Wireless stock have on its future price. Maven Wireless 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, Maven Wireless autocorrelation shows the relationship between Maven Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Maven Wireless Sweden.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Maven Stock Analysis
When running Maven Wireless' price analysis, check to measure Maven Wireless' 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 Maven Wireless is operating at the current time. Most of Maven Wireless' value examination focuses on studying past and present price action to predict the probability of Maven Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maven Wireless' price. Additionally, you may evaluate how the addition of Maven Wireless to your portfolios can decrease your overall portfolio volatility.