Bonzun AB (Sweden) Market Value
| BONZUN Stock | 0.01 0.0004 5.41% |
| Symbol | Bonzun |
Bonzun 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 Bonzun 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 Bonzun AB.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Bonzun AB on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bonzun AB or generate 0.0% return on investment in Bonzun AB over 30 days. Bonzun AB is related to or competes with NetJobs Group, and Clean Motion. More
Bonzun 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 Bonzun 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 Bonzun AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 64.11 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 15.0 |
Bonzun AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonzun AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonzun AB's standard deviation. In reality, there are many statistical measures that can use Bonzun AB historical prices to predict the future Bonzun AB's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.41) | |||
| Total Risk Alpha | (2.80) | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bonzun AB'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.
Bonzun AB Backtested Returns
Bonzun AB secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Bonzun AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonzun AB's Risk Adjusted Performance of (0.08), mean deviation of 7.28, and Standard Deviation of 10.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.7, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bonzun AB will likely underperform. At this point, Bonzun AB has a negative expected return of -1.1%. Please make sure to confirm Bonzun AB's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Bonzun AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Bonzun AB has below average predictability. Overlapping area represents the amount of predictability between Bonzun AB time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Bonzun AB price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Bonzun AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bonzun AB lagged returns against current returns
Autocorrelation, which is Bonzun 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 Bonzun AB's stock expected returns. We can calculate the autocorrelation of Bonzun AB returns to help us make a trade decision. For example, suppose you find that Bonzun 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 |
Bonzun 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 Bonzun AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonzun AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonzun AB stock over time.
Current vs Lagged Prices |
| Timeline |
Bonzun AB Lagged Returns
When evaluating Bonzun AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonzun AB stock have on its future price. Bonzun 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, Bonzun AB autocorrelation shows the relationship between Bonzun AB stock current value and its past values and can show if there is a momentum factor associated with investing in Bonzun AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Bonzun Stock
Bonzun AB financial ratios help investors to determine whether Bonzun 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 Bonzun with respect to the benefits of owning Bonzun AB security.