Mangold Fondkommission (Sweden) Market Value
| MANG Stock | SEK 2,180 20.00 0.93% |
| Symbol | Mangold |
Mangold Fondkommission '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 Mangold Fondkommission'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 Mangold Fondkommission.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mangold Fondkommission on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mangold Fondkommission AB or generate 0.0% return on investment in Mangold Fondkommission over 30 days. Mangold Fondkommission is related to or competes with Media, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, EEducation Albert, and AAC Clyde. Mangold Fondkommission AB, a securities broker, provides financial services to companies and private individuals in Swed... More
Mangold Fondkommission 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 Mangold Fondkommission'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 Mangold Fondkommission AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.52 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 2.88 |
Mangold Fondkommission Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mangold Fondkommission's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mangold Fondkommission's standard deviation. In reality, there are many statistical measures that can use Mangold Fondkommission historical prices to predict the future Mangold Fondkommission's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.198 |
Mangold Fondkommission Backtested Returns
Mangold Fondkommission has Sharpe Ratio of -0.0247, which conveys that the firm had a -0.0247% return per unit of risk over the last 3 months. Mangold Fondkommission exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mangold Fondkommission's Standard Deviation of 3.32, risk adjusted performance of (0.02), and Mean Deviation of 1.92 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mangold Fondkommission are expected to decrease at a much lower rate. During the bear market, Mangold Fondkommission is likely to outperform the market. At this point, Mangold Fondkommission has a negative expected return of -0.0818%. Please make sure to verify Mangold Fondkommission's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Mangold Fondkommission performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Mangold Fondkommission AB has good predictability. Overlapping area represents the amount of predictability between Mangold Fondkommission time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Mangold Fondkommission price movement. The serial correlation of 0.74 indicates that around 74.0% of current Mangold Fondkommission price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1608.33 |
Mangold Fondkommission lagged returns against current returns
Autocorrelation, which is Mangold Fondkommission 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 Mangold Fondkommission's stock expected returns. We can calculate the autocorrelation of Mangold Fondkommission returns to help us make a trade decision. For example, suppose you find that Mangold Fondkommission 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 |
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Mangold Fondkommission 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 Mangold Fondkommission stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mangold Fondkommission stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mangold Fondkommission stock over time.
Current vs Lagged Prices |
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Mangold Fondkommission Lagged Returns
When evaluating Mangold Fondkommission's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mangold Fondkommission stock have on its future price. Mangold Fondkommission 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, Mangold Fondkommission autocorrelation shows the relationship between Mangold Fondkommission stock current value and its past values and can show if there is a momentum factor associated with investing in Mangold Fondkommission AB.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Mangold Stock Analysis
When running Mangold Fondkommission's price analysis, check to measure Mangold Fondkommission'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 Mangold Fondkommission is operating at the current time. Most of Mangold Fondkommission's value examination focuses on studying past and present price action to predict the probability of Mangold Fondkommission's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mangold Fondkommission's price. Additionally, you may evaluate how the addition of Mangold Fondkommission to your portfolios can decrease your overall portfolio volatility.