Swatch Group's market value is the price at which a share of Swatch Group trades on a public exchange. It measures the collective expectations of The Swatch Group investors about its performance. Swatch Group is trading at 8.15 as of the 31st of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 8.15. With this module, you can estimate the performance of a buy and hold strategy of The Swatch Group and determine expected loss or profit from investing in Swatch Group over a given investment horizon. Check out Swatch Group Correlation, Swatch Group Volatility and Swatch Group Alpha and Beta module to complement your research on Swatch Group.
Please note, there is a significant difference between Swatch Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swatch Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swatch Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Swatch 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 Swatch 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 Swatch Group.
0.00
02/05/2024
No Change 0.00
0.0
In 10 months and 27 days
12/31/2024
0.00
If you would invest 0.00 in Swatch Group on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding The Swatch Group or generate 0.0% return on investment in Swatch Group over 330 days. Swatch Group is related to or competes with Apollo Medical, ONWARD MEDICAL, MEDICAL FACILITIES, CVS Health, and Natural Health. The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components world... More
Swatch 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 Swatch 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 The Swatch Group 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 Swatch Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swatch Group's standard deviation. In reality, there are many statistical measures that can use Swatch Group historical prices to predict the future Swatch Group's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Swatch Group. Your research has to be compared to or analyzed against Swatch Group's peers to derive any actionable benefits. When done correctly, Swatch Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Swatch Group.
Swatch Group Backtested Returns
Swatch Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0539, which indicates the firm had a -0.0539% return per unit of risk over the last 3 months. The Swatch Group exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Swatch Group's Coefficient Of Variation of 2200.33, semi deviation of 2.6, and Risk Adjusted Performance of 0.0442 to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Swatch Group are expected to decrease at a much lower rate. During the bear market, Swatch Group is likely to outperform the market. At this point, Swatch Group has a negative expected return of -0.16%. Please make sure to validate Swatch Group's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Swatch Group performance from the past will be repeated at some point in the near future.
Auto-correlation
0.23
Weak predictability
The Swatch Group has weak predictability. Overlapping area represents the amount of predictability between Swatch Group time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 Swatch Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Swatch Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
0.24
Swatch Group lagged returns against current returns
Autocorrelation, which is Swatch 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 Swatch Group's stock expected returns. We can calculate the autocorrelation of Swatch Group returns to help us make a trade decision. For example, suppose you find that Swatch 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
Swatch 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 Swatch Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swatch Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swatch Group stock over time.
Current vs Lagged Prices
Timeline
Swatch Group Lagged Returns
When evaluating Swatch Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swatch Group stock have on its future price. Swatch 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, Swatch Group autocorrelation shows the relationship between Swatch Group stock current value and its past values and can show if there is a momentum factor associated with investing in The Swatch Group.
Swatch Group financial ratios help investors to determine whether Swatch 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 Swatch with respect to the benefits of owning Swatch Group security.