Beowulf Mining (Sweden) Market Value
| BEO-SDB Stock | SEK 2.28 0.16 7.55% |
| Symbol | Beowulf |
Beowulf Mining '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 Beowulf Mining'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 Beowulf Mining.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Beowulf Mining on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Beowulf Mining PLC or generate 0.0% return on investment in Beowulf Mining over 30 days. Beowulf Mining is related to or competes with AstraZeneca PLC, Investor, Investor, Atlas Copco, Atlas Copco, Nordea Bank, and AB Volvo. Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resources properties. More
Beowulf Mining 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 Beowulf Mining'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 Beowulf Mining PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 27.35 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 6.19 |
Beowulf Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beowulf Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beowulf Mining's standard deviation. In reality, there are many statistical measures that can use Beowulf Mining historical prices to predict the future Beowulf Mining's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | (0.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Beowulf Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Beowulf Mining PLC Backtested Returns
Beowulf Mining PLC secures Sharpe Ratio (or Efficiency) of -0.0647, which signifies that the company had a -0.0647% return per unit of risk over the last 3 months. Beowulf Mining PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beowulf Mining's Risk Adjusted Performance of (0.08), mean deviation of 2.65, and Standard Deviation of 4.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beowulf Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beowulf Mining is expected to be smaller as well. At this point, Beowulf Mining PLC has a negative expected return of -0.27%. Please make sure to confirm Beowulf Mining's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Beowulf Mining PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Beowulf Mining PLC has good predictability. Overlapping area represents the amount of predictability between Beowulf Mining time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Beowulf Mining PLC price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Beowulf Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Beowulf Mining PLC lagged returns against current returns
Autocorrelation, which is Beowulf Mining 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 Beowulf Mining's stock expected returns. We can calculate the autocorrelation of Beowulf Mining returns to help us make a trade decision. For example, suppose you find that Beowulf Mining 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 |
Beowulf Mining 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 Beowulf Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beowulf Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beowulf Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Beowulf Mining Lagged Returns
When evaluating Beowulf Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beowulf Mining stock have on its future price. Beowulf Mining 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, Beowulf Mining autocorrelation shows the relationship between Beowulf Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Beowulf Mining PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Beowulf Stock
Beowulf Mining financial ratios help investors to determine whether Beowulf 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 Beowulf with respect to the benefits of owning Beowulf Mining security.