24SEVENOFFICE GROUP (Germany) Market Value
| 719 Stock | 1.98 0.01 0.50% |
| Symbol | 24SEVENOFFICE |
24SEVENOFFICE 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 24SEVENOFFICE 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 24SEVENOFFICE GROUP.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in 24SEVENOFFICE GROUP on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding 24SEVENOFFICE GROUP AB or generate 0.0% return on investment in 24SEVENOFFICE GROUP over 720 days. 24SEVENOFFICE GROUP is related to or competes with PARKEN Sport, Air Transport, SCIENCE IN, ANTA SPORTS, GREENX METALS, Perseus Mining, and MCEWEN MINING. More
24SEVENOFFICE 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 24SEVENOFFICE 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 24SEVENOFFICE GROUP AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 29.13 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.08 |
24SEVENOFFICE GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 24SEVENOFFICE GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 24SEVENOFFICE GROUP's standard deviation. In reality, there are many statistical measures that can use 24SEVENOFFICE GROUP historical prices to predict the future 24SEVENOFFICE GROUP's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0784 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.05) |
24SEVENOFFICE GROUP Backtested Returns
At this point, 24SEVENOFFICE GROUP is dangerous. 24SEVENOFFICE GROUP secures Sharpe Ratio (or Efficiency) of 0.0159, which signifies that the company had a 0.0159% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 24SEVENOFFICE GROUP AB, which you can use to evaluate the volatility of the entity. Please confirm 24SEVENOFFICE GROUP's coefficient of variation of 13070.77, and Mean Deviation of 2.23 to double-check if the risk estimate we provide is consistent with the expected return of 0.0696%. 24SEVENOFFICE GROUP has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 24SEVENOFFICE GROUP are expected to decrease at a much lower rate. During the bear market, 24SEVENOFFICE GROUP is likely to outperform the market. 24SEVENOFFICE GROUP today shows a risk of 4.36%. Please confirm 24SEVENOFFICE GROUP total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if 24SEVENOFFICE GROUP will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
24SEVENOFFICE GROUP AB has good predictability. Overlapping area represents the amount of predictability between 24SEVENOFFICE GROUP time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 24SEVENOFFICE GROUP price movement. The serial correlation of 0.77 indicates that around 77.0% of current 24SEVENOFFICE GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
24SEVENOFFICE GROUP lagged returns against current returns
Autocorrelation, which is 24SEVENOFFICE 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 24SEVENOFFICE GROUP's stock expected returns. We can calculate the autocorrelation of 24SEVENOFFICE GROUP returns to help us make a trade decision. For example, suppose you find that 24SEVENOFFICE 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 |
24SEVENOFFICE 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 24SEVENOFFICE GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 24SEVENOFFICE GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 24SEVENOFFICE GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
24SEVENOFFICE GROUP Lagged Returns
When evaluating 24SEVENOFFICE GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 24SEVENOFFICE GROUP stock have on its future price. 24SEVENOFFICE 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, 24SEVENOFFICE GROUP autocorrelation shows the relationship between 24SEVENOFFICE GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in 24SEVENOFFICE GROUP AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 24SEVENOFFICE Stock
24SEVENOFFICE GROUP financial ratios help investors to determine whether 24SEVENOFFICE 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 24SEVENOFFICE with respect to the benefits of owning 24SEVENOFFICE GROUP security.