Arctic Gold (Sweden) Market Value
| ARCT Stock | SEK 0.27 0.04 12.90% |
| Symbol | Arctic |
Arctic Gold '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 Arctic Gold'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 Arctic Gold.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Arctic Gold on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Arctic Gold Publ or generate 0.0% return on investment in Arctic Gold over 720 days. Arctic Gold is related to or competes with Bjorn Borg, Diadrom Holding, Anoto Group, Cloetta AB, and Corline Biomedical. Arctic Minerals AB , through its subsidiaries, engages in exploration and mining of mineral properties in the Norway and... More
Arctic Gold 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 Arctic Gold'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 Arctic Gold Publ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.03 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 32.45 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 11.11 |
Arctic Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arctic Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arctic Gold's standard deviation. In reality, there are many statistical measures that can use Arctic Gold historical prices to predict the future Arctic Gold's volatility.| Risk Adjusted Performance | 0.0504 | |||
| Jensen Alpha | 0.043 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0341 | |||
| Treynor Ratio | 0.1387 |
Arctic Gold Publ Backtested Returns
Currently, Arctic Gold Publ is out of control. Arctic Gold Publ secures Sharpe Ratio (or Efficiency) of 0.0223, which signifies that the company had a 0.0223% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Arctic Gold Publ, which you can use to evaluate the volatility of the firm. Please confirm Arctic Gold's risk adjusted performance of 0.0504, and Mean Deviation of 4.58 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Arctic Gold has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.35, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Arctic Gold will likely underperform. Arctic Gold Publ right now shows a risk of 6.48%. Please confirm Arctic Gold Publ semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Arctic Gold Publ will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Arctic Gold Publ has weak reverse predictability. Overlapping area represents the amount of predictability between Arctic Gold time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Arctic Gold Publ price movement. The serial correlation of -0.24 indicates that over 24.0% of current Arctic Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Arctic Gold Publ lagged returns against current returns
Autocorrelation, which is Arctic Gold 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 Arctic Gold's stock expected returns. We can calculate the autocorrelation of Arctic Gold returns to help us make a trade decision. For example, suppose you find that Arctic Gold 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 |
Arctic Gold 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 Arctic Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arctic Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arctic Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Arctic Gold Lagged Returns
When evaluating Arctic Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arctic Gold stock have on its future price. Arctic Gold 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, Arctic Gold autocorrelation shows the relationship between Arctic Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Arctic Gold Publ.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Arctic Stock Analysis
When running Arctic Gold's price analysis, check to measure Arctic Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arctic Gold is operating at the current time. Most of Arctic Gold's value examination focuses on studying past and present price action to predict the probability of Arctic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arctic Gold's price. Additionally, you may evaluate how the addition of Arctic Gold to your portfolios can decrease your overall portfolio volatility.