Adventure Box (Sweden) Market Value
| ADVBOX Stock | SEK 0.19 0.01 5.00% |
| Symbol | Adventure |
Adventure Box '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 Adventure Box'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 Adventure Box.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Adventure Box on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Adventure Box Technology or generate 0.0% return on investment in Adventure Box over 30 days. Adventure Box is related to or competes with Idogen AB, Clean Motion, Arion Banki, KABE Group, IAR Systems, Mekonomen, and Embellence Group. Adventure Box Technology AB develops a platform that allows users to create, share, and play computer games online More
Adventure Box 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 Adventure Box'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 Adventure Box Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 44.67 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
Adventure Box Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adventure Box's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adventure Box's standard deviation. In reality, there are many statistical measures that can use Adventure Box historical prices to predict the future Adventure Box's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | 0.7003 |
Adventure Box Technology Backtested Returns
Adventure Box Technology secures Sharpe Ratio (or Efficiency) of -0.0746, which signifies that the company had a -0.0746% return per unit of risk over the last 3 months. Adventure Box Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adventure Box's Standard Deviation of 6.19, mean deviation of 4.1, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adventure Box are expected to decrease at a much lower rate. During the bear market, Adventure Box is likely to outperform the market. At this point, Adventure Box Technology has a negative expected return of -0.46%. Please make sure to confirm Adventure Box's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Adventure Box Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Adventure Box Technology has weak predictability. Overlapping area represents the amount of predictability between Adventure Box time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Adventure Box Technology price movement. The serial correlation of 0.24 indicates that over 24.0% of current Adventure Box price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adventure Box Technology lagged returns against current returns
Autocorrelation, which is Adventure Box 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 Adventure Box's stock expected returns. We can calculate the autocorrelation of Adventure Box returns to help us make a trade decision. For example, suppose you find that Adventure Box 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 |
Adventure Box 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 Adventure Box stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adventure Box stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adventure Box stock over time.
Current vs Lagged Prices |
| Timeline |
Adventure Box Lagged Returns
When evaluating Adventure Box's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adventure Box stock have on its future price. Adventure Box 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, Adventure Box autocorrelation shows the relationship between Adventure Box stock current value and its past values and can show if there is a momentum factor associated with investing in Adventure Box Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Adventure Stock
Adventure Box financial ratios help investors to determine whether Adventure 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 Adventure with respect to the benefits of owning Adventure Box security.