Storskogen Group (Sweden) Market Value
| STOR-B Stock | 10.93 1.14 11.64% |
| Symbol | Storskogen |
Storskogen 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 Storskogen 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 Storskogen Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Storskogen Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Storskogen Group AB or generate 0.0% return on investment in Storskogen Group over 30 days. Storskogen Group is related to or competes with SBB-B, Sinch AB, Instalco Intressenter, Hexatronic Group, and Lifco AB. More
Storskogen 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 Storskogen 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 Storskogen Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.51 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.22 |
Storskogen Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Storskogen Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Storskogen Group's standard deviation. In reality, there are many statistical measures that can use Storskogen Group historical prices to predict the future Storskogen Group's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | 0.0334 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2813 |
Storskogen Group Backtested Returns
At this point, Storskogen Group is somewhat reliable. Storskogen Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0207, which indicates the firm had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Storskogen Group AB, which you can use to evaluate the volatility of the company. Please validate Storskogen Group's Coefficient Of Variation of 4822.85, risk adjusted performance of 0.0235, and Semi Deviation of 1.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.0667%. Storskogen Group has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Storskogen Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Storskogen Group is expected to be smaller as well. Storskogen Group right now has a risk of 3.22%. Please validate Storskogen Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Storskogen Group will be following its existing price patterns.
Auto-correlation | 0.55 |
Modest predictability
Storskogen Group AB has modest predictability. Overlapping area represents the amount of predictability between Storskogen Group 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 Storskogen Group price movement. The serial correlation of 0.55 indicates that about 55.0% of current Storskogen Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Storskogen Group lagged returns against current returns
Autocorrelation, which is Storskogen 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 Storskogen Group's stock expected returns. We can calculate the autocorrelation of Storskogen Group returns to help us make a trade decision. For example, suppose you find that Storskogen 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 |
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Storskogen 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 Storskogen Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Storskogen Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Storskogen Group stock over time.
Current vs Lagged Prices |
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Storskogen Group Lagged Returns
When evaluating Storskogen Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Storskogen Group stock have on its future price. Storskogen 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, Storskogen Group autocorrelation shows the relationship between Storskogen Group stock current value and its past values and can show if there is a momentum factor associated with investing in Storskogen Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Storskogen Stock
Storskogen Group financial ratios help investors to determine whether Storskogen 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 Storskogen with respect to the benefits of owning Storskogen Group security.