ProfilGruppen (Sweden) Market Value
| PROF-B Stock | SEK 102.00 0.50 0.49% |
| Symbol | ProfilGruppen |
ProfilGruppen '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 ProfilGruppen'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 ProfilGruppen.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ProfilGruppen on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ProfilGruppen AB or generate 0.0% return on investment in ProfilGruppen over 30 days. ProfilGruppen is related to or competes with Svedbergs, Softronic, Novotek AB, Prevas AB, and BE Group. ProfilGruppen AB , together with its subsidiaries, designs, develops, manufactures, and markets customized aluminum extr... More
ProfilGruppen 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 ProfilGruppen'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 ProfilGruppen AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 2.31 |
ProfilGruppen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProfilGruppen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProfilGruppen's standard deviation. In reality, there are many statistical measures that can use ProfilGruppen historical prices to predict the future ProfilGruppen's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.23) |
ProfilGruppen AB Backtested Returns
ProfilGruppen AB maintains Sharpe Ratio (i.e., Efficiency) of -0.055, which implies the firm had a -0.055% return per unit of risk over the last 3 months. ProfilGruppen AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProfilGruppen's Risk Adjusted Performance of (0.06), coefficient of variation of (1,204), and Variance of 2.65 to confirm the risk estimate we provide. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProfilGruppen's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProfilGruppen is expected to be smaller as well. At this point, ProfilGruppen AB has a negative expected return of -0.0891%. Please make sure to check ProfilGruppen's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if ProfilGruppen AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
ProfilGruppen AB has below average predictability. Overlapping area represents the amount of predictability between ProfilGruppen time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 ProfilGruppen AB price movement. The serial correlation of 0.37 indicates that just about 37.0% of current ProfilGruppen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.55 |
ProfilGruppen AB lagged returns against current returns
Autocorrelation, which is ProfilGruppen 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 ProfilGruppen's stock expected returns. We can calculate the autocorrelation of ProfilGruppen returns to help us make a trade decision. For example, suppose you find that ProfilGruppen 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 |
ProfilGruppen 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 ProfilGruppen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProfilGruppen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProfilGruppen stock over time.
Current vs Lagged Prices |
| Timeline |
ProfilGruppen Lagged Returns
When evaluating ProfilGruppen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProfilGruppen stock have on its future price. ProfilGruppen 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, ProfilGruppen autocorrelation shows the relationship between ProfilGruppen stock current value and its past values and can show if there is a momentum factor associated with investing in ProfilGruppen AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in ProfilGruppen Stock
ProfilGruppen financial ratios help investors to determine whether ProfilGruppen 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 ProfilGruppen with respect to the benefits of owning ProfilGruppen security.