Boozt AB (Sweden) Market Value
| BOOZT Stock | SEK 105.80 1.20 1.15% |
| Symbol | Boozt |
Boozt 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 Boozt 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 Boozt AB.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Boozt AB on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Boozt AB or generate 0.0% return on investment in Boozt AB over 270 days. Boozt AB is related to or competes with Sinch AB, MIPS AB, Eolus Vind, BHG Group, and NIBE Industrier. Boozt AB , together with its subsidiaries, sells fashion, apparel, shoes, , accessories, and beauty products online More
Boozt 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 Boozt 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 Boozt AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 22.22 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.56 |
Boozt AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boozt AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boozt AB's standard deviation. In reality, there are many statistical measures that can use Boozt AB historical prices to predict the future Boozt AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.4639 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boozt 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.
Boozt AB Backtested Returns
Boozt AB secures Sharpe Ratio (or Efficiency) of -0.0288, which signifies that the company had a -0.0288% return per unit of risk over the last 3 months. Boozt AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boozt AB's Mean Deviation of 1.55, risk adjusted performance of (0.01), and Standard Deviation of 2.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Boozt AB are expected to decrease at a much lower rate. During the bear market, Boozt AB is likely to outperform the market. At this point, Boozt AB has a negative expected return of -0.0759%. Please make sure to confirm Boozt AB's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Boozt AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Boozt AB has poor predictability. Overlapping area represents the amount of predictability between Boozt AB time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Boozt AB price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Boozt AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 39.5 |
Boozt AB lagged returns against current returns
Autocorrelation, which is Boozt 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 Boozt AB's stock expected returns. We can calculate the autocorrelation of Boozt AB returns to help us make a trade decision. For example, suppose you find that Boozt 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 |
Boozt 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 Boozt AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boozt AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boozt AB stock over time.
Current vs Lagged Prices |
| Timeline |
Boozt AB Lagged Returns
When evaluating Boozt AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boozt AB stock have on its future price. Boozt 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, Boozt AB autocorrelation shows the relationship between Boozt AB stock current value and its past values and can show if there is a momentum factor associated with investing in Boozt AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Boozt Stock Analysis
When running Boozt AB's price analysis, check to measure Boozt AB'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 Boozt AB is operating at the current time. Most of Boozt AB's value examination focuses on studying past and present price action to predict the probability of Boozt AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boozt AB's price. Additionally, you may evaluate how the addition of Boozt AB to your portfolios can decrease your overall portfolio volatility.