Storytel (Sweden) Market Value
| STORY-B Stock | SEK 60.50 0.95 1.60% |
| Symbol | Storytel |
Storytel '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 Storytel'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 Storytel.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Storytel on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Storytel AB or generate 0.0% return on investment in Storytel over 30 days. Storytel is related to or competes with Stillfront Group, Embracer Group, Sinch AB, Kambi Group, and Evolution. Storytel AB provides audio books and e-books streaming services More
Storytel 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 Storytel'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 Storytel AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 4.21 |
Storytel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Storytel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Storytel's standard deviation. In reality, there are many statistical measures that can use Storytel historical prices to predict the future Storytel's volatility.| Risk Adjusted Performance | 0.0962 | |||
| Jensen Alpha | 0.2749 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | 16.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Storytel'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.
Storytel AB Backtested Returns
Storytel appears to be very steady, given 3 months investment horizon. Storytel AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Storytel AB, which you can use to evaluate the volatility of the company. Please review Storytel's Risk Adjusted Performance of 0.0962, semi deviation of 1.92, and Coefficient Of Variation of 855.55 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Storytel holds a performance score of 10. The entity has a beta of 0.0172, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Storytel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Storytel is expected to be smaller as well. Please check Storytel's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Storytel's existing price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Storytel AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Storytel 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 Storytel AB price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Storytel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Storytel AB lagged returns against current returns
Autocorrelation, which is Storytel 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 Storytel's stock expected returns. We can calculate the autocorrelation of Storytel returns to help us make a trade decision. For example, suppose you find that Storytel 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 |
Storytel 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 Storytel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Storytel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Storytel stock over time.
Current vs Lagged Prices |
| Timeline |
Storytel Lagged Returns
When evaluating Storytel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Storytel stock have on its future price. Storytel 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, Storytel autocorrelation shows the relationship between Storytel stock current value and its past values and can show if there is a momentum factor associated with investing in Storytel AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Storytel Stock
Storytel financial ratios help investors to determine whether Storytel 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 Storytel with respect to the benefits of owning Storytel security.