Actic Group (Sweden) Market Value

ATIC Stock  SEK 6.00  0.14  2.39%   
Actic Group's market value is the price at which a share of Actic Group trades on a public exchange. It measures the collective expectations of Actic Group AB investors about its performance. Actic Group is selling for under 6.00 as of the 30th of November 2024; that is 2.39 percent increase since the beginning of the trading day. The stock's last reported lowest price was 5.76.
With this module, you can estimate the performance of a buy and hold strategy of Actic Group AB and determine expected loss or profit from investing in Actic Group over a given investment horizon. Check out Actic Group Correlation, Actic Group Volatility and Actic Group Alpha and Beta module to complement your research on Actic Group.
Symbol

Please note, there is a significant difference between Actic Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Actic Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Actic 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.

Actic 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 Actic 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 Actic Group.
0.00
10/31/2024
No Change 0.00  0.0 
In 31 days
11/30/2024
0.00
If you would invest  0.00  in Actic Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Actic Group AB or generate 0.0% return on investment in Actic Group over 30 days. Actic Group is related to or competes with Bjorn Borg, Starbreeze, Bong AB, Alimak Hek, and Arise Windpower. Actic Group AB operates health and fitness clubs in Sweden, Norway, Germany, and Austria More

Actic 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 Actic 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 Actic Group AB upside and downside potential and time the market with a certain degree of confidence.

Actic Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Actic Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Actic Group's standard deviation. In reality, there are many statistical measures that can use Actic Group historical prices to predict the future Actic Group's volatility.
Hype
Prediction
LowEstimatedHigh
2.616.009.39
Details
Intrinsic
Valuation
LowRealHigh
1.795.188.57
Details
Naive
Forecast
LowNextHigh
2.866.259.65
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.495.936.38
Details

Actic Group AB Backtested Returns

Actic Group AB secures Sharpe Ratio (or Efficiency) of -0.0473, which signifies that the company had a -0.0473% return per unit of risk over the last 3 months. Actic Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Actic Group's Risk Adjusted Performance of (0.05), standard deviation of 3.51, and Mean Deviation of 2.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Actic Group are expected to decrease at a much lower rate. During the bear market, Actic Group is likely to outperform the market. At this point, Actic Group AB has a negative expected return of -0.16%. Please make sure to confirm Actic Group's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Actic Group AB performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.20  

Weak predictability

Actic Group AB has weak predictability. Overlapping area represents the amount of predictability between Actic Group 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 Actic Group AB price movement. The serial correlation of 0.2 indicates that over 20.0% of current Actic Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test0.7
Residual Average0.0
Price Variance0.04

Actic Group AB lagged returns against current returns

Autocorrelation, which is Actic 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 Actic Group's stock expected returns. We can calculate the autocorrelation of Actic Group returns to help us make a trade decision. For example, suppose you find that Actic 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  

Actic 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 Actic Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Actic Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Actic Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Actic Group Lagged Returns

When evaluating Actic Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Actic Group stock have on its future price. Actic 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, Actic Group autocorrelation shows the relationship between Actic Group stock current value and its past values and can show if there is a momentum factor associated with investing in Actic Group AB.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Actic Stock Analysis

When running Actic Group's price analysis, check to measure Actic Group'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 Actic Group is operating at the current time. Most of Actic Group's value examination focuses on studying past and present price action to predict the probability of Actic Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Actic Group's price. Additionally, you may evaluate how the addition of Actic Group to your portfolios can decrease your overall portfolio volatility.