Readly International (Sweden) Market Value
| READ Stock | SEK 15.55 0.05 0.32% |
| Symbol | Readly |
Readly International '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 Readly International'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 Readly International.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Readly International on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Readly International AB or generate 0.0% return on investment in Readly International over 420 days. Readly International is related to or competes with Generic Sweden, Divio Technologies, Diadrom Holding, FlexQube, and Awardit AB. Readly International AB operates an application that offers digital subscription services for magazines with content fro... More
Readly International 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 Readly International'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 Readly International AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 12.11 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.53 |
Readly International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Readly International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Readly International's standard deviation. In reality, there are many statistical measures that can use Readly International historical prices to predict the future Readly International's volatility.| Risk Adjusted Performance | 0.1098 | |||
| Jensen Alpha | 0.3117 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0879 | |||
| Treynor Ratio | (1.14) |
Readly International Backtested Returns
Readly International appears to be not too volatile, given 3 months investment horizon. Readly International maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Readly International, which you can use to evaluate the volatility of the company. Please evaluate Readly International's Semi Deviation of 1.55, coefficient of variation of 739.75, and Risk Adjusted Performance of 0.1098 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Readly International holds a performance score of 9. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Readly International are expected to decrease at a much lower rate. During the bear market, Readly International is likely to outperform the market. Please check Readly International's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Readly International's historical price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Readly International AB has average predictability. Overlapping area represents the amount of predictability between Readly International time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 Readly International price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Readly International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Readly International lagged returns against current returns
Autocorrelation, which is Readly International 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 Readly International's stock expected returns. We can calculate the autocorrelation of Readly International returns to help us make a trade decision. For example, suppose you find that Readly International 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 |
Readly International 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 Readly International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Readly International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Readly International stock over time.
Current vs Lagged Prices |
| Timeline |
Readly International Lagged Returns
When evaluating Readly International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Readly International stock have on its future price. Readly International 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, Readly International autocorrelation shows the relationship between Readly International stock current value and its past values and can show if there is a momentum factor associated with investing in Readly International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Readly Stock Analysis
When running Readly International's price analysis, check to measure Readly International's 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 Readly International is operating at the current time. Most of Readly International's value examination focuses on studying past and present price action to predict the probability of Readly International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Readly International's price. Additionally, you may evaluate how the addition of Readly International to your portfolios can decrease your overall portfolio volatility.