Fingerprint Cards (Sweden) Market Value
| FING-B Stock | SEK 0.08 0.01 7.04% |
| Symbol | Fingerprint |
Fingerprint Cards '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 Fingerprint Cards' 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 Fingerprint Cards.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fingerprint Cards on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fingerprint Cards AB or generate 0.0% return on investment in Fingerprint Cards over 30 days. Fingerprint Cards is related to or competes with Integrum, Concejo AB, Diadrom Holding, and Greater Than. Fingerprint Cards AB develops, produces, and markets biometric systems and technologies that facilitate the convenience ... More
Fingerprint Cards 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 Fingerprint Cards' 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 Fingerprint Cards AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.93 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 66.51 | |||
| Value At Risk | (11.69) | |||
| Potential Upside | 22.55 |
Fingerprint Cards Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fingerprint Cards' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fingerprint Cards' standard deviation. In reality, there are many statistical measures that can use Fingerprint Cards historical prices to predict the future Fingerprint Cards' volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.893 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | (0.76) |
Fingerprint Cards Backtested Returns
Fingerprint Cards appears to be out of control, given 3 months investment horizon. Fingerprint Cards secures Sharpe Ratio (or Efficiency) of 0.0867, which denotes the company had a 0.0867% return per unit of risk over the last 3 months. By reviewing Fingerprint Cards' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please utilize Fingerprint Cards' Downside Deviation of 7.93, coefficient of variation of 1372.91, and Mean Deviation of 7.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fingerprint Cards holds a performance score of 6. The firm shows a Beta (market volatility) of -1.01, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Fingerprint Cards are expected to decrease slowly. On the other hand, during market turmoil, Fingerprint Cards is expected to outperform it slightly. Please check Fingerprint Cards' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Fingerprint Cards' price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Fingerprint Cards AB has weak predictability. Overlapping area represents the amount of predictability between Fingerprint Cards time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Fingerprint Cards price movement. The serial correlation of 0.2 indicates that over 20.0% of current Fingerprint Cards price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fingerprint Cards lagged returns against current returns
Autocorrelation, which is Fingerprint Cards 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 Fingerprint Cards' stock expected returns. We can calculate the autocorrelation of Fingerprint Cards returns to help us make a trade decision. For example, suppose you find that Fingerprint Cards 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 |
Fingerprint Cards 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 Fingerprint Cards stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fingerprint Cards stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fingerprint Cards stock over time.
Current vs Lagged Prices |
| Timeline |
Fingerprint Cards Lagged Returns
When evaluating Fingerprint Cards' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fingerprint Cards stock have on its future price. Fingerprint Cards 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, Fingerprint Cards autocorrelation shows the relationship between Fingerprint Cards stock current value and its past values and can show if there is a momentum factor associated with investing in Fingerprint Cards AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Fingerprint Stock
Fingerprint Cards financial ratios help investors to determine whether Fingerprint 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 Fingerprint with respect to the benefits of owning Fingerprint Cards security.