Balco Group (Sweden) Market Value
| BALCO Stock | SEK 38.00 0.40 1.06% |
| Symbol | Balco |
Balco 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 Balco 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 Balco Group.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Balco Group on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Balco Group AB or generate 0.0% return on investment in Balco Group over 180 days. Balco Group is related to or competes with Inwido AB, Nordic Waterproofing, Alimak Hek, Ferronordic, and Instalco Intressenter. Balco Group AB develops, produces, and sells balcony systems to tenant-owner associations, private landlords, and public... More
Balco 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 Balco 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 Balco Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.9 |
Balco Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Balco Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Balco Group's standard deviation. In reality, there are many statistical measures that can use Balco Group historical prices to predict the future Balco Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 1.37 |
Balco Group AB Backtested Returns
Balco Group AB secures Sharpe Ratio (or Efficiency) of -0.0276, which signifies that the company had a -0.0276% return per unit of risk over the last 3 months. Balco Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Balco Group's Risk Adjusted Performance of (0.01), mean deviation of 1.39, and Standard Deviation of 2.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0484, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Balco Group are expected to decrease at a much lower rate. During the bear market, Balco Group is likely to outperform the market. At this point, Balco Group AB has a negative expected return of -0.0561%. Please make sure to confirm Balco Group's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Balco Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Balco Group AB has modest reverse predictability. Overlapping area represents the amount of predictability between Balco Group time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Balco Group AB price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Balco Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
Balco Group AB lagged returns against current returns
Autocorrelation, which is Balco 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 Balco Group's stock expected returns. We can calculate the autocorrelation of Balco Group returns to help us make a trade decision. For example, suppose you find that Balco 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 |
Balco 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 Balco Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Balco Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Balco Group stock over time.
Current vs Lagged Prices |
| Timeline |
Balco Group Lagged Returns
When evaluating Balco Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Balco Group stock have on its future price. Balco 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, Balco Group autocorrelation shows the relationship between Balco Group stock current value and its past values and can show if there is a momentum factor associated with investing in Balco Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Balco Stock Analysis
When running Balco Group's price analysis, check to measure Balco 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 Balco Group is operating at the current time. Most of Balco Group's value examination focuses on studying past and present price action to predict the probability of Balco 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 Balco Group's price. Additionally, you may evaluate how the addition of Balco Group to your portfolios can decrease your overall portfolio volatility.