Bonesupport Holding (Sweden) Market Value
| BONEX Stock | SEK 368.80 1.40 0.38% |
| Symbol | Bonesupport |
Bonesupport Holding '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 Bonesupport Holding'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 Bonesupport Holding.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Bonesupport Holding on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Bonesupport Holding AB or generate 0.0% return on investment in Bonesupport Holding over 690 days. Bonesupport Holding is related to or competes with BioArctic, Camurus AB, Xvivo Perfusion, and Surgical Science. Bonesupport Holding AB , an orthobiologics company, develops and commercializes injectable bioceramic bone graft substit... More
Bonesupport Holding 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 Bonesupport Holding'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 Bonesupport Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.085 | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 4.52 |
Bonesupport Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonesupport Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonesupport Holding's standard deviation. In reality, there are many statistical measures that can use Bonesupport Holding historical prices to predict the future Bonesupport Holding's volatility.| Risk Adjusted Performance | 0.1078 | |||
| Jensen Alpha | 0.2612 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | 0.4526 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bonesupport Holding'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.
Bonesupport Holding Backtested Returns
Bonesupport Holding appears to be very steady, given 3 months investment horizon. Bonesupport Holding secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bonesupport Holding AB, which you can use to evaluate the volatility of the firm. Please makes use of Bonesupport Holding's Downside Deviation of 2.95, risk adjusted performance of 0.1078, and Mean Deviation of 2.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bonesupport Holding holds a performance score of 11. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bonesupport Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonesupport Holding is expected to be smaller as well. Please check Bonesupport Holding's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Bonesupport Holding's price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
Bonesupport Holding AB has excellent predictability. Overlapping area represents the amount of predictability between Bonesupport Holding time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Bonesupport Holding price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Bonesupport Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2490.17 |
Bonesupport Holding lagged returns against current returns
Autocorrelation, which is Bonesupport Holding 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 Bonesupport Holding's stock expected returns. We can calculate the autocorrelation of Bonesupport Holding returns to help us make a trade decision. For example, suppose you find that Bonesupport Holding 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 |
Bonesupport Holding 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 Bonesupport Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonesupport Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonesupport Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Bonesupport Holding Lagged Returns
When evaluating Bonesupport Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonesupport Holding stock have on its future price. Bonesupport Holding 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, Bonesupport Holding autocorrelation shows the relationship between Bonesupport Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Bonesupport Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bonesupport Stock Analysis
When running Bonesupport Holding's price analysis, check to measure Bonesupport Holding'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 Bonesupport Holding is operating at the current time. Most of Bonesupport Holding's value examination focuses on studying past and present price action to predict the probability of Bonesupport Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bonesupport Holding's price. Additionally, you may evaluate how the addition of Bonesupport Holding to your portfolios can decrease your overall portfolio volatility.