Pierce Group (Sweden) Market Value
| PIERCE Stock | SEK 8.20 0.04 0.49% |
| Symbol | Pierce |
Pierce 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 Pierce 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 Pierce Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Pierce Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pierce Group AB or generate 0.0% return on investment in Pierce Group over 30 days. Pierce Group is related to or competes with Rugvista Group, Karnov Group, Nordic Waterproofing, BHG Group, and Lime Technologies. Pierce Group Ab , an e-commerce company, sells motorcycle and snowmobile gear, parts, accessories, and streetwear to cus... More
Pierce 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 Pierce 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 Pierce Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 6.06 |
Pierce Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pierce Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pierce Group's standard deviation. In reality, there are many statistical measures that can use Pierce Group historical prices to predict the future Pierce Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pierce Group'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.
Pierce Group AB Backtested Returns
Pierce Group AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0332, which implies the firm had a -0.0332% return per unit of risk over the last 3 months. Pierce Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pierce Group's Variance of 11.42, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,376) to confirm the risk estimate we provide. The company holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pierce Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pierce Group is expected to be smaller as well. At this point, Pierce Group AB has a negative expected return of -0.1%. Please make sure to check Pierce Group's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Pierce Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Pierce Group AB has poor predictability. Overlapping area represents the amount of predictability between Pierce Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Pierce Group AB price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Pierce Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Pierce Group AB lagged returns against current returns
Autocorrelation, which is Pierce 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 Pierce Group's stock expected returns. We can calculate the autocorrelation of Pierce Group returns to help us make a trade decision. For example, suppose you find that Pierce 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 |
Pierce 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 Pierce Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pierce Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pierce Group stock over time.
Current vs Lagged Prices |
| Timeline |
Pierce Group Lagged Returns
When evaluating Pierce Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pierce Group stock have on its future price. Pierce 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, Pierce Group autocorrelation shows the relationship between Pierce Group stock current value and its past values and can show if there is a momentum factor associated with investing in Pierce Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Pierce Stock
Pierce Group financial ratios help investors to determine whether Pierce 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 Pierce with respect to the benefits of owning Pierce Group security.