Footway Group (Sweden) Market Value
| FOOT-PREF | SEK 31.80 0.20 0.62% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Footway Group on October 28, 2024 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 30 days. Footway Group is related to or competes with SolTech Energy, Lohilo Foods, Sdiptech, Upsales Technology, Raketech Group, Indutrade, and Lundin Mining. Footway Group AB operates an online shoe store for women, men, and children 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 | 4.29 | |||
| Information Ratio | 0.0256 | |||
| Maximum Drawdown | 53.7 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 10.48 |
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 | 0.0431 | |||
| Jensen Alpha | 0.1098 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0408 | |||
| Treynor Ratio | 0.1917 |
Footway Group AB Backtested Returns
Footway Group appears to be out of control, given 3 months investment horizon. Footway Group AB secures Sharpe Ratio (or Efficiency) of 0.0532, which denotes the company had a 0.0532% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Footway Group AB, which you can use to evaluate the volatility of the firm. Please utilize Footway Group's Coefficient Of Variation of 2232.84, mean deviation of 3.29, and Downside Deviation of 4.29 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Footway Group holds a performance score of 4. The firm shows a Beta (market volatility) of 1.54, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Footway Group will likely underperform. Please check Footway Group's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Footway Group's price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Footway Group AB has modest reverse predictability. Overlapping area represents the amount of predictability between Footway Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 -0.45 indicates that just about 45.0% of current Footway Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
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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Additional Tools for Footway Stock Analysis
When running Footway Group's price analysis, check to measure Footway Group'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 Footway Group is operating at the current time. Most of Footway Group's value examination focuses on studying past and present price action to predict the probability of Footway Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Footway Group's price. Additionally, you may evaluate how the addition of Footway Group to your portfolios can decrease your overall portfolio volatility.