BIMobject (Sweden) Market Value
| BIM Stock | SEK 4.55 0.14 3.17% |
| Symbol | BIMobject |
BIMobject '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 BIMobject'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 BIMobject.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in BIMobject on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding BIMobject AB or generate 0.0% return on investment in BIMobject over 300 days. BIMobject is related to or competes with G5 Entertainment, Bambuser, Catena Media, Crunchfish, and FormPipe Software. BIMobject AB, a software company, engages in the development of cloud solutions and services within building information... More
BIMobject 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 BIMobject'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 BIMobject AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0299 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 3.17 |
BIMobject Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIMobject's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIMobject's standard deviation. In reality, there are many statistical measures that can use BIMobject historical prices to predict the future BIMobject's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.1585 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0368 | |||
| Treynor Ratio | 1.22 |
BIMobject AB Backtested Returns
BIMobject appears to be somewhat reliable, given 3 months investment horizon. BIMobject AB secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for BIMobject AB, which you can use to evaluate the volatility of the firm. Please makes use of BIMobject's Semi Deviation of 1.4, mean deviation of 1.4, and Risk Adjusted Performance of 0.0825 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BIMobject holds a performance score of 8. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BIMobject's returns are expected to increase less than the market. However, during the bear market, the loss of holding BIMobject is expected to be smaller as well. Please check BIMobject's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether BIMobject's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
BIMobject AB has virtually no predictability. Overlapping area represents the amount of predictability between BIMobject time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 BIMobject AB price movement. The serial correlation of 0.02 indicates that only 2.0% of current BIMobject price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BIMobject AB lagged returns against current returns
Autocorrelation, which is BIMobject 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 BIMobject's stock expected returns. We can calculate the autocorrelation of BIMobject returns to help us make a trade decision. For example, suppose you find that BIMobject 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 |
BIMobject 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 BIMobject stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIMobject stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIMobject stock over time.
Current vs Lagged Prices |
| Timeline |
BIMobject Lagged Returns
When evaluating BIMobject's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIMobject stock have on its future price. BIMobject 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, BIMobject autocorrelation shows the relationship between BIMobject stock current value and its past values and can show if there is a momentum factor associated with investing in BIMobject AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BIMobject Stock Analysis
When running BIMobject's price analysis, check to measure BIMobject'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 BIMobject is operating at the current time. Most of BIMobject's value examination focuses on studying past and present price action to predict the probability of BIMobject's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BIMobject's price. Additionally, you may evaluate how the addition of BIMobject to your portfolios can decrease your overall portfolio volatility.