Precise Biometrics (Sweden) Market Value
| PREC Stock | SEK 3.17 0.07 2.26% |
| Symbol | Precise |
Precise Biometrics '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 Precise Biometrics' 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 Precise Biometrics.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Precise Biometrics on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Precise Biometrics AB or generate 0.0% return on investment in Precise Biometrics over 90 days. Precise Biometrics is related to or competes with Next Biometrics. Precise Biometrics AB develops and sells biometric authentication solutions for peoples digital identity and fingerprint... More
Precise Biometrics 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 Precise Biometrics' 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 Precise Biometrics AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.67 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 6.19 |
Precise Biometrics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precise Biometrics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precise Biometrics' standard deviation. In reality, there are many statistical measures that can use Precise Biometrics historical prices to predict the future Precise Biometrics' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.34) |
Precise Biometrics Backtested Returns
Precise Biometrics maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21 % return per unit of risk over the last 3 months. Precise Biometrics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precise Biometrics' Coefficient Of Variation of (523.52), variance of 12.99, and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide. The company holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Precise Biometrics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Precise Biometrics is expected to be smaller as well. At this point, Precise Biometrics has a negative expected return of -0.78%. Please make sure to check Precise Biometrics' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Precise Biometrics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Precise Biometrics AB has good predictability. Overlapping area represents the amount of predictability between Precise Biometrics 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 Precise Biometrics price movement. The serial correlation of 0.77 indicates that around 77.0% of current Precise Biometrics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Precise Biometrics lagged returns against current returns
Autocorrelation, which is Precise Biometrics 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 Precise Biometrics' stock expected returns. We can calculate the autocorrelation of Precise Biometrics returns to help us make a trade decision. For example, suppose you find that Precise Biometrics 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 |
Precise Biometrics 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 Precise Biometrics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precise Biometrics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precise Biometrics stock over time.
Current vs Lagged Prices |
| Timeline |
Precise Biometrics Lagged Returns
When evaluating Precise Biometrics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precise Biometrics stock have on its future price. Precise Biometrics 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, Precise Biometrics autocorrelation shows the relationship between Precise Biometrics stock current value and its past values and can show if there is a momentum factor associated with investing in Precise Biometrics AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Precise Stock Analysis
When running Precise Biometrics' price analysis, check to measure Precise Biometrics' 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 Precise Biometrics is operating at the current time. Most of Precise Biometrics' value examination focuses on studying past and present price action to predict the probability of Precise Biometrics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precise Biometrics' price. Additionally, you may evaluate how the addition of Precise Biometrics to your portfolios can decrease your overall portfolio volatility.