FRAGBITE GROUP's market value is the price at which a share of FRAGBITE GROUP trades on a public exchange. It measures the collective expectations of FRAGBITE GROUP AB investors about its performance. FRAGBITE GROUP is trading at 0.71 as of the 18th of December 2024. This is a 10.94 percent increase since the beginning of the trading day. The stock's lowest day price was 0.71. With this module, you can estimate the performance of a buy and hold strategy of FRAGBITE GROUP AB and determine expected loss or profit from investing in FRAGBITE GROUP over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
FRAGBITE
FRAGBITE 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 FRAGBITE 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 FRAGBITE GROUP.
0.00
11/18/2024
No Change 0.00
0.0
In 30 days
12/18/2024
0.00
If you would invest 0.00 in FRAGBITE GROUP on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding FRAGBITE GROUP AB or generate 0.0% return on investment in FRAGBITE GROUP over 30 days.
FRAGBITE 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 FRAGBITE 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 FRAGBITE GROUP AB upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for FRAGBITE GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FRAGBITE GROUP's standard deviation. In reality, there are many statistical measures that can use FRAGBITE GROUP historical prices to predict the future FRAGBITE GROUP's volatility.
FRAGBITE GROUP is out of control given 3 months investment horizon. FRAGBITE GROUP AB retains Efficiency (Sharpe Ratio) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate twenty-six different technical indicators, which can help you to evaluate if expected returns of 15.11% are justified by taking the suggested risk. Use FRAGBITE GROUP AB Coefficient Of Variation of 812.58, standard deviation of 6142.29, and Market Risk Adjusted Performance of (2.15) to evaluate company specific risk that cannot be diversified away. FRAGBITE GROUP holds a performance score of 9 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -349.39, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning FRAGBITE GROUP are expected to decrease by larger amounts. On the other hand, during market turmoil, FRAGBITE GROUP is expected to outperform it. Use FRAGBITE GROUP AB coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on FRAGBITE GROUP AB.
Auto-correlation
0.02
Virtually no predictability
FRAGBITE GROUP AB has virtually no predictability. Overlapping area represents the amount of predictability between FRAGBITE GROUP time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 FRAGBITE GROUP AB price movement. The serial correlation of 0.02 indicates that only 2.0% of current FRAGBITE GROUP price fluctuation can be explain by its past prices.
Correlation Coefficient
0.02
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
0.0
FRAGBITE GROUP AB lagged returns against current returns
Autocorrelation, which is FRAGBITE 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 FRAGBITE GROUP's stock expected returns. We can calculate the autocorrelation of FRAGBITE GROUP returns to help us make a trade decision. For example, suppose you find that FRAGBITE 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
FRAGBITE 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 FRAGBITE GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FRAGBITE GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FRAGBITE GROUP stock over time.
Current vs Lagged Prices
Timeline
FRAGBITE GROUP Lagged Returns
When evaluating FRAGBITE GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FRAGBITE GROUP stock have on its future price. FRAGBITE 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, FRAGBITE GROUP autocorrelation shows the relationship between FRAGBITE GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in FRAGBITE GROUP AB.