Profoto Holding (Sweden) Market Value
| PRFO Stock | 40.80 1.40 3.32% |
| Symbol | Profoto |
Profoto Holding '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 Profoto Holding'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 Profoto Holding.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Profoto Holding on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Profoto Holding AB or generate 0.0% return on investment in Profoto Holding over 30 days. Profoto Holding is related to or competes with Awardit AB, MIPS AB, and Smart Eye. More
Profoto Holding 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 Profoto Holding'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 Profoto Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 3.58 |
Profoto Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profoto Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profoto Holding's standard deviation. In reality, there are many statistical measures that can use Profoto Holding historical prices to predict the future Profoto Holding's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.65) |
Profoto Holding AB Backtested Returns
Profoto Holding AB maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Profoto Holding AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Profoto Holding's Coefficient Of Variation of (489.14), variance of 6.58, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The company holds a Beta of 0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Profoto Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Profoto Holding is expected to be smaller as well. At this point, Profoto Holding AB has a negative expected return of -0.51%. Please make sure to check Profoto Holding's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Profoto Holding AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Profoto Holding AB has modest predictability. Overlapping area represents the amount of predictability between Profoto Holding time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Profoto Holding AB price movement. The serial correlation of 0.51 indicates that about 51.0% of current Profoto Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 4.89 |
Profoto Holding AB lagged returns against current returns
Autocorrelation, which is Profoto Holding 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 Profoto Holding's stock expected returns. We can calculate the autocorrelation of Profoto Holding returns to help us make a trade decision. For example, suppose you find that Profoto Holding 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 |
Profoto Holding 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 Profoto Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profoto Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profoto Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Profoto Holding Lagged Returns
When evaluating Profoto Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profoto Holding stock have on its future price. Profoto Holding 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, Profoto Holding autocorrelation shows the relationship between Profoto Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Profoto Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Profoto Stock Analysis
When running Profoto Holding's price analysis, check to measure Profoto Holding'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 Profoto Holding is operating at the current time. Most of Profoto Holding's value examination focuses on studying past and present price action to predict the probability of Profoto Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profoto Holding's price. Additionally, you may evaluate how the addition of Profoto Holding to your portfolios can decrease your overall portfolio volatility.