Flgger Group (Denmark) Market Value
| FLUG-B Stock | DKK 326.00 2.00 0.62% |
| Symbol | Flgger |
Flgger Group '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 Flgger Group'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 Flgger Group.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Flgger Group on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Flgger group AS or generate 0.0% return on investment in Flgger Group over 180 days. Flgger Group is related to or competes with Per Aarsleff, North Media, HH International, and Matas AS. Flgger group AS designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wa... More
Flgger Group 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 Flgger Group'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 Flgger group AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.49 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.23 |
Flgger Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flgger Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flgger Group's standard deviation. In reality, there are many statistical measures that can use Flgger Group historical prices to predict the future Flgger Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 1.19 |
Flgger group AS Backtested Returns
Flgger group AS secures Sharpe Ratio (or Efficiency) of -0.0999, which denotes the company had a -0.0999% return per unit of risk over the last 3 months. Flgger group AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Flgger Group's Standard Deviation of 0.9582, variance of 0.9181, and Mean Deviation of 0.6288 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0728, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Flgger Group are expected to decrease at a much lower rate. During the bear market, Flgger Group is likely to outperform the market. At this point, Flgger group AS has a negative expected return of -0.0945%. Please make sure to confirm Flgger Group's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Flgger group AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Flgger group AS has good predictability. Overlapping area represents the amount of predictability between Flgger Group time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Flgger group AS price movement. The serial correlation of 0.67 indicates that around 67.0% of current Flgger Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 73.63 |
Flgger group AS lagged returns against current returns
Autocorrelation, which is Flgger Group 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 Flgger Group's stock expected returns. We can calculate the autocorrelation of Flgger Group returns to help us make a trade decision. For example, suppose you find that Flgger Group 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 |
Flgger Group 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 Flgger Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flgger Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flgger Group stock over time.
Current vs Lagged Prices |
| Timeline |
Flgger Group Lagged Returns
When evaluating Flgger Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flgger Group stock have on its future price. Flgger Group 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, Flgger Group autocorrelation shows the relationship between Flgger Group stock current value and its past values and can show if there is a momentum factor associated with investing in Flgger group AS.
Regressed Prices |
| Timeline |
Pair Trading with Flgger Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Flgger Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Flgger Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Flgger Stock
Moving against Flgger Stock
The ability to find closely correlated positions to Flgger Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flgger Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Flgger Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Flgger group AS to buy it.
The correlation of Flgger Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Flgger Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flgger group AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Flgger Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Flgger Stock
Flgger Group financial ratios help investors to determine whether Flgger 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 Flgger with respect to the benefits of owning Flgger Group security.