Byggmax Group (Sweden) Market Value
| BMAX Stock | SEK 44.34 1.24 2.88% |
| Symbol | Byggmax |
Byggmax 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 Byggmax 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 Byggmax Group.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Byggmax Group on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Byggmax Group AB or generate 0.0% return on investment in Byggmax Group over 180 days. Byggmax Group is related to or competes with Clas Ohlson, Inwido AB, Cloetta AB, Betsson AB, and Peab AB. Byggmax Group AB sells building materials for common maintenance and DIY projects More
Byggmax 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 Byggmax 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 Byggmax Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.97 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.97 |
Byggmax Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Byggmax Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byggmax Group's standard deviation. In reality, there are many statistical measures that can use Byggmax Group historical prices to predict the future Byggmax Group's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.0741 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3814 |
Byggmax Group AB Backtested Returns
Currently, Byggmax Group AB is very steady. Byggmax Group AB secures Sharpe Ratio (or Efficiency) of 0.0478, which signifies that the company had a 0.0478% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Byggmax Group AB, which you can use to evaluate the volatility of the firm. Please confirm Byggmax Group's mean deviation of 1.88, and Risk Adjusted Performance of 0.0406 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Byggmax Group has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Byggmax Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Byggmax Group is expected to be smaller as well. Byggmax Group AB right now shows a risk of 2.72%. Please confirm Byggmax Group AB semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Byggmax Group AB will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Byggmax Group AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Byggmax Group time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Byggmax Group AB price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Byggmax Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 6.31 |
Byggmax Group AB lagged returns against current returns
Autocorrelation, which is Byggmax 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 Byggmax Group's stock expected returns. We can calculate the autocorrelation of Byggmax Group returns to help us make a trade decision. For example, suppose you find that Byggmax 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 |
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Byggmax 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 Byggmax Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byggmax Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byggmax Group stock over time.
Current vs Lagged Prices |
| Timeline |
Byggmax Group Lagged Returns
When evaluating Byggmax Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byggmax Group stock have on its future price. Byggmax 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, Byggmax Group autocorrelation shows the relationship between Byggmax Group stock current value and its past values and can show if there is a momentum factor associated with investing in Byggmax Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Byggmax Stock Analysis
When running Byggmax Group's price analysis, check to measure Byggmax 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 Byggmax Group is operating at the current time. Most of Byggmax Group's value examination focuses on studying past and present price action to predict the probability of Byggmax 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 Byggmax Group's price. Additionally, you may evaluate how the addition of Byggmax Group to your portfolios can decrease your overall portfolio volatility.