Resurs Holding (Sweden) Market Value
| RESURS Stock | SEK 23.50 0.04 0.17% |
| Symbol | Resurs |
Resurs Holding '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 Resurs Holding'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 Resurs Holding.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Resurs Holding on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Resurs Holding AB or generate 0.0% return on investment in Resurs Holding over 30 days. Resurs Holding is related to or competes with Intrum Justitia, Tele2 AB, Telia Company, Axfood AB, and Peab AB. Resurs Holding AB , through its subsidiaries, provides payment solutions, consumer loans, and insurance products in Swed... More
Resurs Holding 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 Resurs Holding'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 Resurs Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4545 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.8547 |
Resurs Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resurs Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resurs Holding's standard deviation. In reality, there are many statistical measures that can use Resurs Holding historical prices to predict the future Resurs Holding's volatility.| Risk Adjusted Performance | 0.0982 | |||
| Jensen Alpha | 0.0644 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.56) |
Resurs Holding AB Backtested Returns
At this point, Resurs Holding is very steady. Resurs Holding AB maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Resurs Holding AB, which you can use to evaluate the volatility of the company. Please check Resurs Holding's Downside Deviation of 0.4545, standard deviation of 0.4648, and Risk Adjusted Performance of 0.0982 to confirm if the risk estimate we provide is consistent with the expected return of 0.0635%. Resurs Holding has a performance score of 10 on a scale of 0 to 100. The company holds a Beta of -0.095, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Resurs Holding are expected to decrease at a much lower rate. During the bear market, Resurs Holding is likely to outperform the market. Resurs Holding AB right now holds a risk of 0.46%. Please check Resurs Holding AB sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Resurs Holding AB will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Resurs Holding AB has no correlation between past and present. Overlapping area represents the amount of predictability between Resurs Holding time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Resurs Holding AB price movement. The serial correlation of 0.0 indicates that just 0.0% of current Resurs Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resurs Holding AB lagged returns against current returns
Autocorrelation, which is Resurs Holding 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 Resurs Holding's stock expected returns. We can calculate the autocorrelation of Resurs Holding returns to help us make a trade decision. For example, suppose you find that Resurs Holding 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 |
Resurs Holding 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 Resurs Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resurs Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resurs Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Resurs Holding Lagged Returns
When evaluating Resurs Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resurs Holding stock have on its future price. Resurs Holding 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, Resurs Holding autocorrelation shows the relationship between Resurs Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Resurs Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Resurs Stock
Resurs Holding financial ratios help investors to determine whether Resurs 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 Resurs with respect to the benefits of owning Resurs Holding security.