Mofast AB (Sweden) Market Value
| MOFAST Stock | 14.50 0.50 3.57% |
| Symbol | Mofast |
Please note, there is a significant difference between Mofast AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mofast AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mofast AB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mofast AB '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 Mofast AB'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 Mofast AB.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mofast AB on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mofast AB or generate 0.0% return on investment in Mofast AB over 90 days. Mofast AB is related to or competes with Vitec Software, JLT Mobile, Train Alliance, MTI Investment, Kinnevik Investment, Lohilo Foods, and Lundin Mining. More
Mofast AB 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 Mofast AB'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 Mofast AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.29 |
Mofast AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mofast AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mofast AB's standard deviation. In reality, there are many statistical measures that can use Mofast AB historical prices to predict the future Mofast AB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mofast AB'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.
Mofast AB Backtested Returns
Mofast AB has Sharpe Ratio of -0.0708, which conveys that the firm had a -0.0708% return per unit of risk over the last 3 months. Mofast AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mofast AB's Risk Adjusted Performance of (0.06), mean deviation of 1.99, and Standard Deviation of 2.77 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mofast AB are expected to decrease at a much lower rate. During the bear market, Mofast AB is likely to outperform the market. At this point, Mofast AB has a negative expected return of -0.2%. Please make sure to verify Mofast AB's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Mofast AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Mofast AB has modest reverse predictability. Overlapping area represents the amount of predictability between Mofast AB time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Mofast AB price movement. The serial correlation of -0.46 indicates that about 46.0% of current Mofast AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Mofast AB lagged returns against current returns
Autocorrelation, which is Mofast AB 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 Mofast AB's stock expected returns. We can calculate the autocorrelation of Mofast AB returns to help us make a trade decision. For example, suppose you find that Mofast AB 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 |
Mofast AB 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 Mofast AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mofast AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mofast AB stock over time.
Current vs Lagged Prices |
| Timeline |
Mofast AB Lagged Returns
When evaluating Mofast AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mofast AB stock have on its future price. Mofast AB 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, Mofast AB autocorrelation shows the relationship between Mofast AB stock current value and its past values and can show if there is a momentum factor associated with investing in Mofast AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Mofast Stock
Mofast AB financial ratios help investors to determine whether Mofast 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 Mofast with respect to the benefits of owning Mofast AB security.