Raketech Group (Sweden) Market Value
| RAKE Stock | SEK 4.49 0.03 0.67% |
| Symbol | Raketech |
Raketech 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 Raketech 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 Raketech Group.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Raketech Group on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Raketech Group Holding or generate 0.0% return on investment in Raketech Group over 60 days. Raketech Group is related to or competes with Catena Media, Better Collective, Betsson AB, and Kambi Group. Raketech Group Holding PLC operates as an online affiliate and content marketing company worldwide More
Raketech 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 Raketech 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 Raketech Group Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 37.56 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 3.41 |
Raketech Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raketech Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raketech Group's standard deviation. In reality, there are many statistical measures that can use Raketech Group historical prices to predict the future Raketech Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (3.43) |
Raketech Group Holding Backtested Returns
Raketech Group Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Raketech Group Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raketech Group's Coefficient Of Variation of (761.84), risk adjusted performance of (0.09), and Variance of 19.58 to confirm the risk estimate we provide. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Raketech Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Raketech Group is expected to be smaller as well. At this point, Raketech Group Holding has a negative expected return of -0.69%. Please make sure to check Raketech Group's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Raketech Group Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Raketech Group Holding has very good predictability. Overlapping area represents the amount of predictability between Raketech Group time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Raketech Group Holding price movement. The serial correlation of 0.85 indicates that around 85.0% of current Raketech Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Raketech Group Holding lagged returns against current returns
Autocorrelation, which is Raketech 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 Raketech Group's stock expected returns. We can calculate the autocorrelation of Raketech Group returns to help us make a trade decision. For example, suppose you find that Raketech 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 |
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Raketech 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 Raketech Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raketech Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raketech Group stock over time.
Current vs Lagged Prices |
| Timeline |
Raketech Group Lagged Returns
When evaluating Raketech Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raketech Group stock have on its future price. Raketech 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, Raketech Group autocorrelation shows the relationship between Raketech Group stock current value and its past values and can show if there is a momentum factor associated with investing in Raketech Group Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Raketech Stock Analysis
When running Raketech Group's price analysis, check to measure Raketech 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 Raketech Group is operating at the current time. Most of Raketech Group's value examination focuses on studying past and present price action to predict the probability of Raketech 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 Raketech Group's price. Additionally, you may evaluate how the addition of Raketech Group to your portfolios can decrease your overall portfolio volatility.