NetJobs Group (Sweden) Market Value
| NJOB Stock | SEK 0.66 0.06 10.00% |
| Symbol | NetJobs |
NetJobs 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 NetJobs 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 NetJobs Group.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in NetJobs Group on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding NetJobs Group AB or generate 0.0% return on investment in NetJobs Group over 90 days. NetJobs Group is related to or competes with Online Brands, Clean Motion, Nicoccino Holding, and Nilsson Special. It owns and operates 42 job sites in Sweden, Germany, Norway, Finland, and Denmark More
NetJobs 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 NetJobs 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 NetJobs Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.44 | |||
| Information Ratio | 0.1976 | |||
| Maximum Drawdown | 26.24 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 11.11 |
NetJobs Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetJobs Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NetJobs Group's standard deviation. In reality, there are many statistical measures that can use NetJobs Group historical prices to predict the future NetJobs Group's volatility.| Risk Adjusted Performance | 0.1678 | |||
| Jensen Alpha | 1.48 | |||
| Total Risk Alpha | 2.04 | |||
| Sortino Ratio | 0.2046 | |||
| Treynor Ratio | 0.4877 |
NetJobs Group AB Backtested Returns
NetJobs Group is out of control given 3 months investment horizon. NetJobs Group AB has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use NetJobs Group AB Mean Deviation of 5.13, risk adjusted performance of 0.1678, and Downside Deviation of 6.44 to evaluate company specific risk that cannot be diversified away. NetJobs Group holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.48, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NetJobs Group will likely underperform. Use NetJobs Group AB sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on NetJobs Group AB.
Auto-correlation | 0.27 |
Poor predictability
NetJobs Group AB has poor predictability. Overlapping area represents the amount of predictability between NetJobs Group time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 NetJobs Group AB price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NetJobs Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NetJobs Group AB lagged returns against current returns
Autocorrelation, which is NetJobs 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 NetJobs Group's stock expected returns. We can calculate the autocorrelation of NetJobs Group returns to help us make a trade decision. For example, suppose you find that NetJobs 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 |
NetJobs 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 NetJobs Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NetJobs Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NetJobs Group stock over time.
Current vs Lagged Prices |
| Timeline |
NetJobs Group Lagged Returns
When evaluating NetJobs Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NetJobs Group stock have on its future price. NetJobs 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, NetJobs Group autocorrelation shows the relationship between NetJobs Group stock current value and its past values and can show if there is a momentum factor associated with investing in NetJobs Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NetJobs Stock Analysis
When running NetJobs Group's price analysis, check to measure NetJobs 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 NetJobs Group is operating at the current time. Most of NetJobs Group's value examination focuses on studying past and present price action to predict the probability of NetJobs 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 NetJobs Group's price. Additionally, you may evaluate how the addition of NetJobs Group to your portfolios can decrease your overall portfolio volatility.