Modern Times (Sweden) Market Value
| MTG-A Stock | SEK 91.00 1.00 1.11% |
| Symbol | Modern |
Modern Times '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 Modern Times' 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 Modern Times.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Modern Times on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Modern Times Group or generate 0.0% return on investment in Modern Times over 30 days. Modern Times is related to or competes with Kinnevik Investment, Tele2 AB, Holmen AB, and Husqvarna. Modern Times Group MTG AB, a digital entertainment company, engages in the free-TV, pay-TV, radio, and content productio... More
Modern Times 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 Modern Times' 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 Modern Times Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0704 | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 3.47 |
Modern Times Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modern Times' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modern Times' standard deviation. In reality, there are many statistical measures that can use Modern Times historical prices to predict the future Modern Times' volatility.| Risk Adjusted Performance | 0.1122 | |||
| Jensen Alpha | 0.2903 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0759 | |||
| Treynor Ratio | (0.75) |
Modern Times Group Backtested Returns
Modern Times appears to be very steady, given 3 months investment horizon. Modern Times Group has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Modern Times, which you can use to evaluate the volatility of the firm. Please exercise Modern Times' Risk Adjusted Performance of 0.1122, mean deviation of 1.29, and Downside Deviation of 1.74 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Modern Times holds a performance score of 12. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Modern Times are expected to decrease at a much lower rate. During the bear market, Modern Times is likely to outperform the market. Please check Modern Times' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Modern Times' current price movements will revert.
Auto-correlation | 0.16 |
Very weak predictability
Modern Times Group has very weak predictability. Overlapping area represents the amount of predictability between Modern Times 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 Modern Times Group price movement. The serial correlation of 0.16 indicates that over 16.0% of current Modern Times price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 19.28 |
Modern Times Group lagged returns against current returns
Autocorrelation, which is Modern Times 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 Modern Times' stock expected returns. We can calculate the autocorrelation of Modern Times returns to help us make a trade decision. For example, suppose you find that Modern Times 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 |
Modern Times 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 Modern Times stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modern Times stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modern Times stock over time.
Current vs Lagged Prices |
| Timeline |
Modern Times Lagged Returns
When evaluating Modern Times' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modern Times stock have on its future price. Modern Times 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, Modern Times autocorrelation shows the relationship between Modern Times stock current value and its past values and can show if there is a momentum factor associated with investing in Modern Times Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Modern Stock Analysis
When running Modern Times' price analysis, check to measure Modern Times' 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 Modern Times is operating at the current time. Most of Modern Times' value examination focuses on studying past and present price action to predict the probability of Modern Times' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modern Times' price. Additionally, you may evaluate how the addition of Modern Times to your portfolios can decrease your overall portfolio volatility.