Fluoguide (Sweden) Market Value
| FLUO Stock | SEK 34.25 0.60 1.72% |
| Symbol | Fluoguide |
Fluoguide '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 Fluoguide'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 Fluoguide.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Fluoguide on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fluoguide AS or generate 0.0% return on investment in Fluoguide over 60 days. Fluoguide is related to or competes with Addtech AB, Lifco AB, Indutrade, Lagercrantz Group, and Vitec Software. FluoGuide AS, a life science company, engages in the development and sale of surgical solutions in Denmark More
Fluoguide 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 Fluoguide'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 Fluoguide AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.7 |
Fluoguide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluoguide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluoguide's standard deviation. In reality, there are many statistical measures that can use Fluoguide historical prices to predict the future Fluoguide's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (2.84) |
Fluoguide AS Backtested Returns
Fluoguide AS secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Fluoguide AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fluoguide's Variance of 6.04, standard deviation of 2.46, and Mean Deviation of 1.79 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0829, which means not very significant fluctuations relative to the market. As returns on the market increase, Fluoguide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fluoguide is expected to be smaller as well. At this point, Fluoguide AS has a negative expected return of -0.26%. Please make sure to confirm Fluoguide's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Fluoguide AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Fluoguide AS has modest predictability. Overlapping area represents the amount of predictability between Fluoguide time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Fluoguide AS price movement. The serial correlation of 0.5 indicates that about 50.0% of current Fluoguide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.03 |
Fluoguide AS lagged returns against current returns
Autocorrelation, which is Fluoguide 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 Fluoguide's stock expected returns. We can calculate the autocorrelation of Fluoguide returns to help us make a trade decision. For example, suppose you find that Fluoguide 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 |
Fluoguide 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 Fluoguide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluoguide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluoguide stock over time.
Current vs Lagged Prices |
| Timeline |
Fluoguide Lagged Returns
When evaluating Fluoguide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluoguide stock have on its future price. Fluoguide 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, Fluoguide autocorrelation shows the relationship between Fluoguide stock current value and its past values and can show if there is a momentum factor associated with investing in Fluoguide AS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fluoguide Stock Analysis
When running Fluoguide's price analysis, check to measure Fluoguide'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 Fluoguide is operating at the current time. Most of Fluoguide's value examination focuses on studying past and present price action to predict the probability of Fluoguide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fluoguide's price. Additionally, you may evaluate how the addition of Fluoguide to your portfolios can decrease your overall portfolio volatility.