Garo AB (Sweden) Market Value
| GARO Stock | SEK 19.74 0.04 0.20% |
| Symbol | Garo |
Garo AB '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 Garo AB'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 Garo AB.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Garo AB on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Garo AB or generate 0.0% return on investment in Garo AB over 180 days. Garo AB is related to or competes with Addtech AB, Teqnion AB, Vitec Software, and Lagercrantz Group. Garo Aktiebolag develops, manufactures, and markets products and systems for the electrical installations industry in Sw... More
Garo AB 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 Garo AB'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 Garo AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.08 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 4.82 |
Garo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garo AB's standard deviation. In reality, there are many statistical measures that can use Garo AB historical prices to predict the future Garo AB's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.79) |
Garo AB Backtested Returns
Garo AB holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Garo AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Garo AB's Market Risk Adjusted Performance of (0.78), standard deviation of 2.48, and Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Garo AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Garo AB is expected to be smaller as well. At this point, Garo AB has a negative expected return of -0.3%. Please make sure to check out Garo AB's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Garo AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Garo AB has good predictability. Overlapping area represents the amount of predictability between Garo AB time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Garo AB price movement. The serial correlation of 0.78 indicates that around 78.0% of current Garo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Garo AB lagged returns against current returns
Autocorrelation, which is Garo AB 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 Garo AB's stock expected returns. We can calculate the autocorrelation of Garo AB returns to help us make a trade decision. For example, suppose you find that Garo AB 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 |
Garo AB 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 Garo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Garo AB Lagged Returns
When evaluating Garo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garo AB stock have on its future price. Garo AB 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, Garo AB autocorrelation shows the relationship between Garo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Garo AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Garo Stock Analysis
When running Garo AB's price analysis, check to measure Garo AB'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 Garo AB is operating at the current time. Most of Garo AB's value examination focuses on studying past and present price action to predict the probability of Garo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garo AB's price. Additionally, you may evaluate how the addition of Garo AB to your portfolios can decrease your overall portfolio volatility.