Precio Fishbone (Sweden) Market Value
| PRCO-B Stock | SEK 22.60 0.60 2.59% |
| Symbol | Precio |
Precio Fishbone '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 Precio Fishbone'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 Precio Fishbone.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Precio Fishbone on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Precio Fishbone AB or generate 0.0% return on investment in Precio Fishbone over 180 days. Precio Fishbone is related to or competes with Svedbergs, Know IT, and FormPipe Software. Precio Fishbone AB provides Microsoft-based solutions for the private and public sectors in Sweden More
Precio Fishbone 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 Precio Fishbone'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 Precio Fishbone AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.82 |
Precio Fishbone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precio Fishbone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precio Fishbone's standard deviation. In reality, there are many statistical measures that can use Precio Fishbone historical prices to predict the future Precio Fishbone's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.41) |
Precio Fishbone AB Backtested Returns
Precio Fishbone AB maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Precio Fishbone AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precio Fishbone's Coefficient Of Variation of (729.00), risk adjusted performance of (0.1), and Variance of 6.03 to confirm the risk estimate we provide. The company holds a Beta of 0.85, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Precio Fishbone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Precio Fishbone is expected to be smaller as well. At this point, Precio Fishbone AB has a negative expected return of -0.4%. Please make sure to check Precio Fishbone's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Precio Fishbone AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Precio Fishbone AB has poor reverse predictability. Overlapping area represents the amount of predictability between Precio Fishbone time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Precio Fishbone AB price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Precio Fishbone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.63 |
Precio Fishbone AB lagged returns against current returns
Autocorrelation, which is Precio Fishbone 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 Precio Fishbone's stock expected returns. We can calculate the autocorrelation of Precio Fishbone returns to help us make a trade decision. For example, suppose you find that Precio Fishbone 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 |
Precio Fishbone 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 Precio Fishbone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precio Fishbone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precio Fishbone stock over time.
Current vs Lagged Prices |
| Timeline |
Precio Fishbone Lagged Returns
When evaluating Precio Fishbone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precio Fishbone stock have on its future price. Precio Fishbone 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, Precio Fishbone autocorrelation shows the relationship between Precio Fishbone stock current value and its past values and can show if there is a momentum factor associated with investing in Precio Fishbone AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Precio Stock
Precio Fishbone financial ratios help investors to determine whether Precio 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 Precio with respect to the benefits of owning Precio Fishbone security.