IZafe Group (Sweden) Market Value
| IZAFE-B Stock | SEK 0.20 0.01 5.26% |
| Symbol | IZafe |
IZafe 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 IZafe 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 IZafe Group.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in IZafe Group on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding iZafe Group AB or generate 0.0% return on investment in IZafe Group over 30 days. IZafe Group is related to or competes with Sprint Bioscience, Acarix AS, and Annexin Pharmaceuticals. iZafe Group AB , a medical technology company, researches, develops, and markets medical products for medication and dru... More
IZafe 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 IZafe 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 iZafe Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.09 | |||
| Information Ratio | 0.0063 | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 10.0 |
IZafe Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IZafe Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IZafe Group's standard deviation. In reality, there are many statistical measures that can use IZafe Group historical prices to predict the future IZafe Group's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | 0.1444 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | (1.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IZafe Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iZafe Group AB Backtested Returns
iZafe Group AB holds Efficiency (Sharpe) Ratio of -0.0163, which attests that the entity had a -0.0163% return per unit of risk over the last 3 months. iZafe Group AB exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IZafe Group's Risk Adjusted Performance of 0.0287, market risk adjusted performance of (1.29), and Downside Deviation of 6.09 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IZafe Group are expected to decrease at a much lower rate. During the bear market, IZafe Group is likely to outperform the market. At this point, iZafe Group AB has a negative expected return of -0.0844%. Please make sure to check out IZafe Group's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if iZafe Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
iZafe Group AB has insignificant predictability. Overlapping area represents the amount of predictability between IZafe Group time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 iZafe Group AB price movement. The serial correlation of 0.14 indicates that less than 14.0% of current IZafe Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iZafe Group AB lagged returns against current returns
Autocorrelation, which is IZafe 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 IZafe Group's stock expected returns. We can calculate the autocorrelation of IZafe Group returns to help us make a trade decision. For example, suppose you find that IZafe 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 |
IZafe 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 IZafe Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IZafe Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IZafe Group stock over time.
Current vs Lagged Prices |
| Timeline |
IZafe Group Lagged Returns
When evaluating IZafe Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IZafe Group stock have on its future price. IZafe 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, IZafe Group autocorrelation shows the relationship between IZafe Group stock current value and its past values and can show if there is a momentum factor associated with investing in iZafe Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IZafe Stock
IZafe Group financial ratios help investors to determine whether IZafe 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 IZafe with respect to the benefits of owning IZafe Group security.