Refine Group's market value is the price at which a share of Refine Group trades on a public exchange. It measures the collective expectations of Refine Group AB investors about its performance. Refine Group is trading at 0.27 as of the 13th of March 2025, a 10 percent decrease since the beginning of the trading day. The stock's open price was 0.3. With this module, you can estimate the performance of a buy and hold strategy of Refine Group AB and determine expected loss or profit from investing in Refine Group over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Refine
Refine 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 Refine 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 Refine Group.
0.00
12/13/2024
No Change 0.00
0.0
In 3 months and 1 day
03/13/2025
0.00
If you would invest 0.00 in Refine Group on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Refine Group AB or generate 0.0% return on investment in Refine Group over 90 days.
Refine 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 Refine 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 Refine Group AB upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Refine Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Refine Group's standard deviation. In reality, there are many statistical measures that can use Refine Group historical prices to predict the future Refine Group's volatility.
Refine Group AB maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24 % return per unit of risk over the last 3 months. Refine Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Refine Group's Variance of 27.67, coefficient of variation of (408.77), and Risk Adjusted Performance of (0.20) to confirm the risk estimate we provide. The company holds a Beta of 1.94, which implies 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, Refine Group will likely underperform. At this point, Refine Group AB has a negative expected return of -1.29%. Please make sure to check Refine Group's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Refine Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation
0.41
Average predictability
Refine Group AB has average predictability. Overlapping area represents the amount of predictability between Refine Group time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Refine Group AB price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Refine Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.41
Spearman Rank Test
0.51
Residual Average
0.0
Price Variance
0.01
Refine Group AB lagged returns against current returns
Autocorrelation, which is Refine 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 Refine Group's stock expected returns. We can calculate the autocorrelation of Refine Group returns to help us make a trade decision. For example, suppose you find that Refine 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
Refine 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 Refine Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Refine Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Refine Group stock over time.
Current vs Lagged Prices
Timeline
Refine Group Lagged Returns
When evaluating Refine Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Refine Group stock have on its future price. Refine 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, Refine Group autocorrelation shows the relationship between Refine Group stock current value and its past values and can show if there is a momentum factor associated with investing in Refine Group AB.
Regressed Prices
Timeline
Thematic Opportunities
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