SP Group (Denmark) Market Value
| SPG Stock | DKK 310.50 2.00 0.64% |
| Symbol | SPG |
SP 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 SP 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 SP Group.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in SP Group on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding SP Group AS or generate 0.0% return on investment in SP Group over 180 days. SP Group is related to or competes with Schouw, Per Aarsleff, HH International, and DFDS AS. SP Group AS manufactures and supplies moulded plastic components and coatings primarily in Denmark and other European co... More
SP 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 SP 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 SP Group AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.19 |
SP Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Group's standard deviation. In reality, there are many statistical measures that can use SP Group historical prices to predict the future SP Group's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.60) |
SP Group AS Backtested Returns
As of now, SPG Stock is very steady. SP Group AS retains Efficiency (Sharpe Ratio) of 0.0406, which indicates the firm had a 0.0406% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for SP Group, which you can use to evaluate the volatility of the company. Please validate SP Group's Risk Adjusted Performance of 0.0371, downside deviation of 1.8, and Mean Deviation of 1.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.0812%. SP Group has a performance score of 3 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SP Group are expected to decrease at a much lower rate. During the bear market, SP Group is likely to outperform the market. SP Group AS at this moment owns a risk of 2.0%. Please validate SP Group AS market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if SP Group AS will be following its current price history.
Auto-correlation | 0.10 |
Insignificant predictability
SP Group AS has insignificant predictability. Overlapping area represents the amount of predictability between SP Group time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 SP Group AS price movement. The serial correlation of 0.1 indicates that less than 10.0% of current SP Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 117.11 |
SP Group AS lagged returns against current returns
Autocorrelation, which is SP 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 SP Group's stock expected returns. We can calculate the autocorrelation of SP Group returns to help us make a trade decision. For example, suppose you find that SP 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 |
SP 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 SP Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Group stock over time.
Current vs Lagged Prices |
| Timeline |
SP Group Lagged Returns
When evaluating SP Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Group stock have on its future price. SP 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, SP Group autocorrelation shows the relationship between SP Group stock current value and its past values and can show if there is a momentum factor associated with investing in SP Group AS.
Regressed Prices |
| Timeline |
Other Information on Investing in SPG Stock
SP Group financial ratios help investors to determine whether SPG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPG with respect to the benefits of owning SP Group security.