Rugvista Group (Sweden) Market Value
| RUG Stock | SEK 40.80 0.30 0.73% |
| Symbol | Rugvista |
Rugvista 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 Rugvista 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 Rugvista Group.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Rugvista Group on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rugvista Group AB or generate 0.0% return on investment in Rugvista Group over 300 days. Rugvista Group is related to or competes with Cint Group, Desenio Group, Fractal Gaming, Pierce Group, and Lyko Group. RugVista Group AB engages in the online retail of carpets and rugs under the RugVista and CarpetVista brands primarily i... More
Rugvista 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 Rugvista 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 Rugvista Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.44 |
Rugvista Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rugvista Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rugvista Group's standard deviation. In reality, there are many statistical measures that can use Rugvista Group historical prices to predict the future Rugvista Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.37) |
Rugvista Group AB Backtested Returns
Rugvista Group AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0824, which implies the firm had a -0.0824% return per unit of risk over the last 3 months. Rugvista Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rugvista Group's Risk Adjusted Performance of (0.06), variance of 6.77, and Coefficient Of Variation of (1,125) to confirm the risk estimate we provide. The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rugvista Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rugvista Group is expected to be smaller as well. At this point, Rugvista Group AB has a negative expected return of -0.22%. Please make sure to check Rugvista Group's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Rugvista Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Rugvista Group AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Rugvista Group time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Rugvista Group AB price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Rugvista Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 23.07 |
Rugvista Group AB lagged returns against current returns
Autocorrelation, which is Rugvista 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 Rugvista Group's stock expected returns. We can calculate the autocorrelation of Rugvista Group returns to help us make a trade decision. For example, suppose you find that Rugvista 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 |
Rugvista 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 Rugvista Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rugvista Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rugvista Group stock over time.
Current vs Lagged Prices |
| Timeline |
Rugvista Group Lagged Returns
When evaluating Rugvista Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rugvista Group stock have on its future price. Rugvista 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, Rugvista Group autocorrelation shows the relationship between Rugvista Group stock current value and its past values and can show if there is a momentum factor associated with investing in Rugvista Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rugvista Stock Analysis
When running Rugvista Group's price analysis, check to measure Rugvista Group'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 Rugvista Group is operating at the current time. Most of Rugvista Group's value examination focuses on studying past and present price action to predict the probability of Rugvista Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rugvista Group's price. Additionally, you may evaluate how the addition of Rugvista Group to your portfolios can decrease your overall portfolio volatility.