FlexQube (Sweden) Market Value
| FLEXQ Stock | SEK 8.80 0.42 5.01% |
| Symbol | FlexQube |
FlexQube '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 FlexQube'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 FlexQube.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in FlexQube on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding FlexQube AB or generate 0.0% return on investment in FlexQube over 90 days. FlexQube is related to or competes with Addtech AB, Indutrade, Lifco AB, NIBE Industrier, and AAK AB. FlexQube AB provides flexible and robust industrial carts for material handling in Europe and North America More
FlexQube 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 FlexQube'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 FlexQube AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.67 |
FlexQube Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexQube's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexQube's standard deviation. In reality, there are many statistical measures that can use FlexQube historical prices to predict the future FlexQube's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 0.2489 |
FlexQube AB Backtested Returns
FlexQube AB secures Sharpe Ratio (or Efficiency) of -0.0711, which denotes the company had a -0.0711% return per unit of risk over the last 3 months. FlexQube AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FlexQube's Mean Deviation of 2.61, variance of 11.88, and Standard Deviation of 3.45 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.16, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning FlexQube are expected to decrease by larger amounts. On the other hand, during market turmoil, FlexQube is expected to outperform it. At this point, FlexQube AB has a negative expected return of -0.24%. Please make sure to confirm FlexQube's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if FlexQube AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
FlexQube AB has very weak predictability. Overlapping area represents the amount of predictability between FlexQube time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 FlexQube AB price movement. The serial correlation of 0.17 indicates that over 17.0% of current FlexQube price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
FlexQube AB lagged returns against current returns
Autocorrelation, which is FlexQube 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 FlexQube's stock expected returns. We can calculate the autocorrelation of FlexQube returns to help us make a trade decision. For example, suppose you find that FlexQube 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 |
FlexQube 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 FlexQube stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexQube stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexQube stock over time.
Current vs Lagged Prices |
| Timeline |
FlexQube Lagged Returns
When evaluating FlexQube's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexQube stock have on its future price. FlexQube 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, FlexQube autocorrelation shows the relationship between FlexQube stock current value and its past values and can show if there is a momentum factor associated with investing in FlexQube AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for FlexQube Stock Analysis
When running FlexQube's price analysis, check to measure FlexQube'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 FlexQube is operating at the current time. Most of FlexQube's value examination focuses on studying past and present price action to predict the probability of FlexQube's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FlexQube's price. Additionally, you may evaluate how the addition of FlexQube to your portfolios can decrease your overall portfolio volatility.