Link Mobility (Norway) Market Value
| LINK Stock | NOK 23.70 0.60 2.60% |
| Symbol | Link |
Link Mobility '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 Link Mobility'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 Link Mobility.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Link Mobility on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Link Mobility Group or generate 0.0% return on investment in Link Mobility over 30 days. Link Mobility is related to or competes with Crayon Group, NRC Group, Pexip Holding, and Europris ASA. Link Mobility Group ASA provides B2C mobile messaging services and mobile solutions in Norway, Sweden, Denmark, Baltics,... More
Link Mobility 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 Link Mobility'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 Link Mobility Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 3.74 |
Link Mobility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Link Mobility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Link Mobility's standard deviation. In reality, there are many statistical measures that can use Link Mobility historical prices to predict the future Link Mobility's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.2643 |
Link Mobility Group Backtested Returns
Link Mobility appears to be very steady, given 3 months investment horizon. Link Mobility Group has Sharpe Ratio of 0.0948, which conveys that the firm had a 0.0948% return per unit of risk over the last 3 months. We have found thirty technical indicators for Link Mobility, which you can use to evaluate the volatility of the firm. Please exercise Link Mobility's Risk Adjusted Performance of 0.0639, mean deviation of 1.69, and Downside Deviation of 2.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Link Mobility holds a performance score of 7. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Link Mobility's returns are expected to increase less than the market. However, during the bear market, the loss of holding Link Mobility is expected to be smaller as well. Please check Link Mobility's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Link Mobility's current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Link Mobility Group has weak reverse predictability. Overlapping area represents the amount of predictability between Link Mobility time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Link Mobility Group price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Link Mobility price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Link Mobility Group lagged returns against current returns
Autocorrelation, which is Link Mobility 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 Link Mobility's stock expected returns. We can calculate the autocorrelation of Link Mobility returns to help us make a trade decision. For example, suppose you find that Link Mobility 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 |
Link Mobility 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 Link Mobility stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Link Mobility stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Link Mobility stock over time.
Current vs Lagged Prices |
| Timeline |
Link Mobility Lagged Returns
When evaluating Link Mobility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Link Mobility stock have on its future price. Link Mobility 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, Link Mobility autocorrelation shows the relationship between Link Mobility stock current value and its past values and can show if there is a momentum factor associated with investing in Link Mobility Group.
Regressed Prices |
| Timeline |
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Link Mobility financial ratios help investors to determine whether Link 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 Link with respect to the benefits of owning Link Mobility security.