Pierce Group (Sweden) Market Value

PIERCE Stock  SEK 7.32  0.12  1.61%   
Pierce Group's market value is the price at which a share of Pierce Group trades on a public exchange. It measures the collective expectations of Pierce Group AB investors about its performance. Pierce Group is trading at 7.32 as of the 22nd of December 2024, a 1.61 percent decrease since the beginning of the trading day. The stock's open price was 7.44.
With this module, you can estimate the performance of a buy and hold strategy of Pierce Group AB and determine expected loss or profit from investing in Pierce Group over a given investment horizon. Check out Pierce Group Correlation, Pierce Group Volatility and Pierce Group Alpha and Beta module to complement your research on Pierce Group.
Symbol

Please note, there is a significant difference between Pierce Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pierce Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pierce Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Pierce 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 Pierce 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 Pierce Group.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Pierce Group on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pierce Group AB or generate 0.0% return on investment in Pierce Group over 60 days. Pierce Group is related to or competes with Rugvista Group, Karnov Group, Nordic Waterproofing, BHG Group, and Lime Technologies. Pierce Group Ab , an e-commerce company, sells motorcycle and snowmobile gear, parts, accessories, and streetwear to cus... More

Pierce 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 Pierce 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 Pierce Group AB upside and downside potential and time the market with a certain degree of confidence.

Pierce Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pierce Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pierce Group's standard deviation. In reality, there are many statistical measures that can use Pierce Group historical prices to predict the future Pierce Group's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pierce Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
4.187.3210.46
Details
Intrinsic
Valuation
LowRealHigh
4.687.8210.96
Details

Pierce Group AB Backtested Returns

Pierce Group AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0332, which implies the firm had a -0.0332% return per unit of risk over the last 3 months. Pierce Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pierce Group's Coefficient Of Variation of (2,560), risk adjusted performance of (0.02), and Variance of 9.86 to confirm the risk estimate we provide. The company holds a Beta of -0.0055, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pierce Group are expected to decrease at a much lower rate. During the bear market, Pierce Group is likely to outperform the market. At this point, Pierce Group AB has a negative expected return of -0.1%. Please make sure to check Pierce Group's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Pierce Group AB performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Pierce Group AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pierce Group time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Pierce Group AB price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Pierce Group price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.09
Residual Average0.0
Price Variance0.11

Pierce Group AB lagged returns against current returns

Autocorrelation, which is Pierce 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 Pierce Group's stock expected returns. We can calculate the autocorrelation of Pierce Group returns to help us make a trade decision. For example, suppose you find that Pierce 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  

Pierce 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 Pierce Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pierce Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pierce Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Pierce Group Lagged Returns

When evaluating Pierce Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pierce Group stock have on its future price. Pierce 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, Pierce Group autocorrelation shows the relationship between Pierce Group stock current value and its past values and can show if there is a momentum factor associated with investing in Pierce Group AB.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Other Information on Investing in Pierce Stock

Pierce Group financial ratios help investors to determine whether Pierce Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pierce with respect to the benefits of owning Pierce Group security.