Betsson AB (Sweden) Market Value
| BETS-B Stock | SEK 144.24 0.66 0.46% |
| Symbol | Betsson |
Betsson AB '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 Betsson AB'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 Betsson AB.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Betsson AB on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Betsson AB or generate 0.0% return on investment in Betsson AB over 30 days. Betsson AB is related to or competes with Kambi Group, Catena Media, Evolution, and Tele2 AB. Betsson AB , through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western ... More
Betsson AB 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 Betsson AB'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 Betsson AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 11.34 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.02 |
Betsson AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betsson AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betsson AB's standard deviation. In reality, there are many statistical measures that can use Betsson AB historical prices to predict the future Betsson AB's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.1572 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | (5.10) |
Betsson AB Backtested Returns
At this point, Betsson AB is very steady. Betsson AB secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Betsson AB, which you can use to evaluate the volatility of the firm. Please confirm Betsson AB's Downside Deviation of 1.11, mean deviation of 1.0, and Risk Adjusted Performance of 0.0868 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Betsson AB has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0301, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Betsson AB are expected to decrease at a much lower rate. During the bear market, Betsson AB is likely to outperform the market. Betsson AB right now shows a risk of 1.54%. Please confirm Betsson AB treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Betsson AB will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Betsson AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Betsson AB 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 Betsson AB price movement. The serial correlation of -0.03 indicates that only 3.0% of current Betsson AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Betsson AB lagged returns against current returns
Autocorrelation, which is Betsson AB 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 Betsson AB's stock expected returns. We can calculate the autocorrelation of Betsson AB returns to help us make a trade decision. For example, suppose you find that Betsson AB 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 |
Betsson AB 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 Betsson AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betsson AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betsson AB stock over time.
Current vs Lagged Prices |
| Timeline |
Betsson AB Lagged Returns
When evaluating Betsson AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betsson AB stock have on its future price. Betsson AB 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, Betsson AB autocorrelation shows the relationship between Betsson AB stock current value and its past values and can show if there is a momentum factor associated with investing in Betsson AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Betsson Stock
Betsson AB financial ratios help investors to determine whether Betsson 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 Betsson with respect to the benefits of owning Betsson AB security.