Goodbye Kansas (Sweden) Market Value
| GBK Stock | SEK 1.34 0.05 3.60% |
| Symbol | Goodbye |
Goodbye Kansas '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 Goodbye Kansas' 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 Goodbye Kansas.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Goodbye Kansas on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Goodbye Kansas Group or generate 0.0% return on investment in Goodbye Kansas over 30 days. Goodbye Kansas is related to or competes with Havsfrun Investment, Investment, Kinnevik Investment, AcadeMedia, and MTI Investment. Goodbye Kansas Group AB , together with its subsidiaries, operates as a visualization and extended reality technology co... More
Goodbye Kansas 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 Goodbye Kansas' 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 Goodbye Kansas Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.1647 | |||
| Maximum Drawdown | 28.97 | |||
| Value At Risk | (9.29) | |||
| Potential Upside | 12.99 |
Goodbye Kansas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodbye Kansas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodbye Kansas' standard deviation. In reality, there are many statistical measures that can use Goodbye Kansas historical prices to predict the future Goodbye Kansas' volatility.| Risk Adjusted Performance | 0.1494 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | 0.1828 | |||
| Sortino Ratio | 0.1832 | |||
| Treynor Ratio | 2.99 |
Goodbye Kansas Group Backtested Returns
Goodbye Kansas is abnormally volatile given 3 months investment horizon. Goodbye Kansas Group holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We were able to collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Goodbye Kansas Group Market Risk Adjusted Performance of 3.0, downside deviation of 6.06, and Risk Adjusted Performance of 0.1494 to evaluate company specific risk that cannot be diversified away. Goodbye Kansas holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goodbye Kansas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodbye Kansas is expected to be smaller as well. Use Goodbye Kansas Group semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to analyze future returns on Goodbye Kansas Group.
Auto-correlation | -0.41 |
Modest reverse predictability
Goodbye Kansas Group has modest reverse predictability. Overlapping area represents the amount of predictability between Goodbye Kansas 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 Goodbye Kansas Group price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Goodbye Kansas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goodbye Kansas Group lagged returns against current returns
Autocorrelation, which is Goodbye Kansas 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 Goodbye Kansas' stock expected returns. We can calculate the autocorrelation of Goodbye Kansas returns to help us make a trade decision. For example, suppose you find that Goodbye Kansas 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 |
Goodbye Kansas 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 Goodbye Kansas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodbye Kansas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodbye Kansas stock over time.
Current vs Lagged Prices |
| Timeline |
Goodbye Kansas Lagged Returns
When evaluating Goodbye Kansas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodbye Kansas stock have on its future price. Goodbye Kansas 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, Goodbye Kansas autocorrelation shows the relationship between Goodbye Kansas stock current value and its past values and can show if there is a momentum factor associated with investing in Goodbye Kansas Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goodbye Stock Analysis
When running Goodbye Kansas' price analysis, check to measure Goodbye Kansas' 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 Goodbye Kansas is operating at the current time. Most of Goodbye Kansas' value examination focuses on studying past and present price action to predict the probability of Goodbye Kansas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodbye Kansas' price. Additionally, you may evaluate how the addition of Goodbye Kansas to your portfolios can decrease your overall portfolio volatility.