Momentum Group (Sweden) Market Value
| MMGR-B Stock | SEK 169.80 1.40 0.82% |
| Symbol | Momentum |
Momentum 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 Momentum 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 Momentum Group.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Momentum Group on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Momentum Group AB or generate 0.0% return on investment in Momentum Group over 30 days. Momentum Group is related to or competes with Indutrade, Lifco AB, Lagercrantz Group, AddLife AB, and Beijer Ref. Momentum Group AB resells industrial consumables and components and provides services and maintenance to professional en... More
Momentum 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 Momentum 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 Momentum Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 2.96 |
Momentum Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Momentum Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Momentum Group's standard deviation. In reality, there are many statistical measures that can use Momentum Group historical prices to predict the future Momentum Group's volatility.| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1648 |
Momentum Group AB Backtested Returns
At this point, Momentum Group is very steady. Momentum Group AB has Sharpe Ratio of 0.0337, which conveys that the firm had a 0.0337% return per unit of risk over the last 3 months. We have found thirty technical indicators for Momentum Group, which you can use to evaluate the volatility of the firm. Please verify Momentum Group's Mean Deviation of 1.44, risk adjusted performance of 0.0343, and Downside Deviation of 2.58 to check out if the risk estimate we provide is consistent with the expected return of 0.0703%. Momentum Group has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Momentum Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Momentum Group is expected to be smaller as well. Momentum Group AB right now secures a risk of 2.09%. Please verify Momentum Group AB jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Momentum Group AB will be following its current price movements.
Auto-correlation | 0.31 |
Below average predictability
Momentum Group AB has below average predictability. Overlapping area represents the amount of predictability between Momentum Group time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Momentum Group AB price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Momentum Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 15.27 |
Momentum Group AB lagged returns against current returns
Autocorrelation, which is Momentum 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 Momentum Group's stock expected returns. We can calculate the autocorrelation of Momentum Group returns to help us make a trade decision. For example, suppose you find that Momentum 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 |
Momentum 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 Momentum Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Momentum Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Momentum Group stock over time.
Current vs Lagged Prices |
| Timeline |
Momentum Group Lagged Returns
When evaluating Momentum Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Momentum Group stock have on its future price. Momentum 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, Momentum Group autocorrelation shows the relationship between Momentum Group stock current value and its past values and can show if there is a momentum factor associated with investing in Momentum Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Momentum Stock
Momentum Group financial ratios help investors to determine whether Momentum 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 Momentum with respect to the benefits of owning Momentum Group security.