Scout Gaming (Sweden) Market Value
| SCOUT Stock | SEK 0.26 0.01 4.00% |
| Symbol | Scout |
Scout Gaming '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 Scout Gaming'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 Scout Gaming.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Scout Gaming on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Scout Gaming Group or generate 0.0% return on investment in Scout Gaming over 30 days. Scout Gaming is related to or competes with Catena Media, Kambi Group, Better Collective, and Betsson AB. Scout Gaming Group AB provides B2B daily fantasy sports and pool betting solutions in Europe More
Scout Gaming 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 Scout Gaming'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 Scout Gaming Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.84 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 29.86 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Scout Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scout Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scout Gaming's standard deviation. In reality, there are many statistical measures that can use Scout Gaming historical prices to predict the future Scout Gaming's volatility.| Risk Adjusted Performance | 0.018 | |||
| Jensen Alpha | 0.0717 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (2.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scout Gaming'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.
Scout Gaming Group Backtested Returns
Currently, Scout Gaming Group is out of control. Scout Gaming Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0126, which indicates the firm had a 0.0126% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Scout Gaming Group, which you can use to evaluate the volatility of the company. Please validate Scout Gaming's Coefficient Of Variation of 7919.67, risk adjusted performance of 0.018, and Semi Deviation of 5.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0791%. The entity has a beta of -0.0255, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scout Gaming are expected to decrease at a much lower rate. During the bear market, Scout Gaming is likely to outperform the market. Scout Gaming Group right now has a risk of 6.26%. Please validate Scout Gaming potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Scout Gaming will be following its existing price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Scout Gaming Group has good reverse predictability. Overlapping area represents the amount of predictability between Scout Gaming time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Scout Gaming Group price movement. The serial correlation of -0.55 indicates that about 55.0% of current Scout Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scout Gaming Group lagged returns against current returns
Autocorrelation, which is Scout Gaming 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 Scout Gaming's stock expected returns. We can calculate the autocorrelation of Scout Gaming returns to help us make a trade decision. For example, suppose you find that Scout Gaming 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 |
Scout Gaming 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 Scout Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scout Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scout Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Scout Gaming Lagged Returns
When evaluating Scout Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scout Gaming stock have on its future price. Scout Gaming 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, Scout Gaming autocorrelation shows the relationship between Scout Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Scout Gaming Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scout Stock Analysis
When running Scout Gaming's price analysis, check to measure Scout Gaming'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 Scout Gaming is operating at the current time. Most of Scout Gaming's value examination focuses on studying past and present price action to predict the probability of Scout Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scout Gaming's price. Additionally, you may evaluate how the addition of Scout Gaming to your portfolios can decrease your overall portfolio volatility.