Firefly AB (Sweden) Market Value
| FIRE Stock | SEK 196.00 1.50 0.76% |
| Symbol | Firefly |
Firefly 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 Firefly 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 Firefly AB.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Firefly AB on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Firefly AB or generate 0.0% return on investment in Firefly AB over 450 days. Firefly AB is related to or competes with Fractal Gaming, Flexion Mobile, Filo Mining, Beowulf Mining, Maven Wireless, Upsales Technology, and Havsfrun Investment. Firefly AB develops, manufactures, and sells spark detection, and fire and dust explosion protection systems for the pro... More
Firefly 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 Firefly 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 Firefly AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.93 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.5 |
Firefly AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firefly AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firefly AB's standard deviation. In reality, there are many statistical measures that can use Firefly AB historical prices to predict the future Firefly AB's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.0567 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.43) |
Firefly AB Backtested Returns
Currently, Firefly AB is very steady. Firefly AB secures Sharpe Ratio (or Efficiency) of 0.0281, which denotes the company had a 0.0281% return per unit of risk over the last 3 months. We have found thirty technical indicators for Firefly AB, which you can use to evaluate the volatility of the firm. Please confirm Firefly AB's Coefficient Of Variation of 4645.66, mean deviation of 1.87, and Downside Deviation of 2.52 to check if the risk estimate we provide is consistent with the expected return of 0.0709%. Firefly AB has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Firefly AB are expected to decrease at a much lower rate. During the bear market, Firefly AB is likely to outperform the market. Firefly AB right now shows a risk of 2.52%. Please confirm Firefly AB treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Firefly AB will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Firefly AB has good reverse predictability. Overlapping area represents the amount of predictability between Firefly AB time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Firefly AB price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Firefly AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 236.44 |
Firefly AB lagged returns against current returns
Autocorrelation, which is Firefly 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 Firefly AB's stock expected returns. We can calculate the autocorrelation of Firefly AB returns to help us make a trade decision. For example, suppose you find that Firefly 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 |
Firefly 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 Firefly AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firefly AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firefly AB stock over time.
Current vs Lagged Prices |
| Timeline |
Firefly AB Lagged Returns
When evaluating Firefly AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firefly AB stock have on its future price. Firefly 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, Firefly AB autocorrelation shows the relationship between Firefly AB stock current value and its past values and can show if there is a momentum factor associated with investing in Firefly AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Firefly Stock Analysis
When running Firefly AB's price analysis, check to measure Firefly 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 Firefly AB is operating at the current time. Most of Firefly AB's value examination focuses on studying past and present price action to predict the probability of Firefly 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 Firefly AB's price. Additionally, you may evaluate how the addition of Firefly AB to your portfolios can decrease your overall portfolio volatility.