Fenix Outdoor (Sweden) Market Value
| FOI-B Stock | SEK 601.00 2.00 0.33% |
| Symbol | Fenix |
Fenix Outdoor '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 Fenix Outdoor'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 Fenix Outdoor.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fenix Outdoor on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fenix Outdoor International or generate 0.0% return on investment in Fenix Outdoor over 30 days. Fenix Outdoor is related to or competes with Thule Group, Nolato AB, Holmen AB, Troax Group, and Mycronic Publ. Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily... More
Fenix Outdoor 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 Fenix Outdoor'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 Fenix Outdoor International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.17 |
Fenix Outdoor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fenix Outdoor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fenix Outdoor's standard deviation. In reality, there are many statistical measures that can use Fenix Outdoor historical prices to predict the future Fenix Outdoor's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 26.19 |
Fenix Outdoor Intern Backtested Returns
Fenix Outdoor Intern secures Sharpe Ratio (or Efficiency) of -0.0792, which denotes the company had a -0.0792% return per unit of risk over the last 3 months. Fenix Outdoor International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fenix Outdoor's Mean Deviation of 0.9561, standard deviation of 1.22, and Variance of 1.48 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0041, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fenix Outdoor are expected to decrease at a much lower rate. During the bear market, Fenix Outdoor is likely to outperform the market. At this point, Fenix Outdoor Intern has a negative expected return of -0.0966%. Please make sure to confirm Fenix Outdoor's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Fenix Outdoor Intern performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Fenix Outdoor International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fenix Outdoor time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Fenix Outdoor Intern price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Fenix Outdoor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 25.52 |
Fenix Outdoor Intern lagged returns against current returns
Autocorrelation, which is Fenix Outdoor 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 Fenix Outdoor's stock expected returns. We can calculate the autocorrelation of Fenix Outdoor returns to help us make a trade decision. For example, suppose you find that Fenix Outdoor 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 |
Fenix Outdoor 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 Fenix Outdoor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fenix Outdoor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fenix Outdoor stock over time.
Current vs Lagged Prices |
| Timeline |
Fenix Outdoor Lagged Returns
When evaluating Fenix Outdoor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fenix Outdoor stock have on its future price. Fenix Outdoor 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, Fenix Outdoor autocorrelation shows the relationship between Fenix Outdoor stock current value and its past values and can show if there is a momentum factor associated with investing in Fenix Outdoor International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fenix Stock Analysis
When running Fenix Outdoor's price analysis, check to measure Fenix Outdoor'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 Fenix Outdoor is operating at the current time. Most of Fenix Outdoor's value examination focuses on studying past and present price action to predict the probability of Fenix Outdoor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fenix Outdoor's price. Additionally, you may evaluate how the addition of Fenix Outdoor to your portfolios can decrease your overall portfolio volatility.