SaveLend Group (Sweden) Market Value
| YIELD Stock | 2.20 0.05 2.22% |
| Symbol | SaveLend |
SaveLend 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 SaveLend 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 SaveLend Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in SaveLend Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding SaveLend Group AB or generate 0.0% return on investment in SaveLend Group over 30 days. SaveLend Group is related to or competes with Smart Eye, Nepa AB, MAG Interactive, Hexatronic Group, and Awardit AB. More
SaveLend 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 SaveLend 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 SaveLend Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.9 |
SaveLend Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SaveLend Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SaveLend Group's standard deviation. In reality, there are many statistical measures that can use SaveLend Group historical prices to predict the future SaveLend Group's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | 0.0604 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (2.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SaveLend Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SaveLend Group AB Backtested Returns
SaveLend Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0139, which indicates the firm had a -0.0139% return per unit of risk over the last 3 months. SaveLend Group AB exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SaveLend Group's Semi Deviation of 2.28, coefficient of variation of 3876.45, and Risk Adjusted Performance of 0.0268 to confirm the risk estimate we provide. The entity has a beta of -0.028, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SaveLend Group are expected to decrease at a much lower rate. During the bear market, SaveLend Group is likely to outperform the market. At this point, SaveLend Group AB has a negative expected return of -0.0362%. Please make sure to validate SaveLend Group's potential upside, accumulation distribution, period momentum indicator, as well as the relationship between the expected short fall and day median price , to decide if SaveLend Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
SaveLend Group AB has poor reverse predictability. Overlapping area represents the amount of predictability between SaveLend Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 SaveLend Group AB price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current SaveLend Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SaveLend Group AB lagged returns against current returns
Autocorrelation, which is SaveLend 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 SaveLend Group's stock expected returns. We can calculate the autocorrelation of SaveLend Group returns to help us make a trade decision. For example, suppose you find that SaveLend 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 |
SaveLend 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 SaveLend Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SaveLend Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SaveLend Group stock over time.
Current vs Lagged Prices |
| Timeline |
SaveLend Group Lagged Returns
When evaluating SaveLend Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SaveLend Group stock have on its future price. SaveLend 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, SaveLend Group autocorrelation shows the relationship between SaveLend Group stock current value and its past values and can show if there is a momentum factor associated with investing in SaveLend Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SaveLend Stock Analysis
When running SaveLend Group's price analysis, check to measure SaveLend 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 SaveLend Group is operating at the current time. Most of SaveLend Group's value examination focuses on studying past and present price action to predict the probability of SaveLend 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 SaveLend Group's price. Additionally, you may evaluate how the addition of SaveLend Group to your portfolios can decrease your overall portfolio volatility.