Footway Group (Sweden) Market Value
| FOOT-B Stock | SEK 0.48 0.02 4.35% |
| Symbol | Footway |
Footway 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 Footway 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 Footway Group.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Footway Group on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Footway Group AB or generate 0.0% return on investment in Footway Group over 360 days. Footway Group is related to or competes with Footway Group, Boozt AB, Clas Ohlson, KABE Group, and Lyko Group. Footway Group operates under Internet Retail classification in Sweden and is traded on Stockholm Stock Exchange More
Footway 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 Footway 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 Footway Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.48 | |||
| Information Ratio | 0.0976 | |||
| Maximum Drawdown | 67.27 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 16.67 |
Footway Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Footway Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Footway Group's standard deviation. In reality, there are many statistical measures that can use Footway Group historical prices to predict the future Footway Group's volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.972 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.1337 | |||
| Treynor Ratio | 7.7 |
Footway Group AB Backtested Returns
Footway Group is out of control given 3 months investment horizon. Footway Group AB secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use Footway Group Downside Deviation of 6.48, coefficient of variation of 890.31, and Mean Deviation of 5.06 to evaluate company specific risk that cannot be diversified away. Footway Group holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Footway Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Footway Group is expected to be smaller as well. Use Footway Group standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on Footway Group.
Auto-correlation | 0.59 |
Modest predictability
Footway Group AB has modest predictability. Overlapping area represents the amount of predictability between Footway Group time series from 29th of November 2023 to 27th of May 2024 and 27th of May 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 Footway Group AB price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Footway Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Footway Group AB lagged returns against current returns
Autocorrelation, which is Footway 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 Footway Group's stock expected returns. We can calculate the autocorrelation of Footway Group returns to help us make a trade decision. For example, suppose you find that Footway 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 |
Footway 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 Footway Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Footway Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Footway Group stock over time.
Current vs Lagged Prices |
| Timeline |
Footway Group Lagged Returns
When evaluating Footway Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Footway Group stock have on its future price. Footway 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, Footway Group autocorrelation shows the relationship between Footway Group stock current value and its past values and can show if there is a momentum factor associated with investing in Footway Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Footway Stock
Footway Group financial ratios help investors to determine whether Footway 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 Footway with respect to the benefits of owning Footway Group security.