BHG Group (Sweden) Market Value
| BHG Stock | SEK 20.28 0.30 1.46% |
| Symbol | BHG |
BHG 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 BHG 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 BHG Group.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in BHG Group on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding BHG Group AB or generate 0.0% return on investment in BHG Group over 90 days. BHG Group is related to or competes with Rugvista Group, Cint Group, Lyko Group, and Boozt AB. BHG Group AB operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, and rest of Europe More
BHG 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 BHG 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 BHG Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 26.46 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 5.41 |
BHG Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHG Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHG Group's standard deviation. In reality, there are many statistical measures that can use BHG Group historical prices to predict the future BHG Group's volatility.| Risk Adjusted Performance | 0.1191 | |||
| Jensen Alpha | 0.6272 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1797 | |||
| Treynor Ratio | (1.19) |
BHG Group AB Backtested Returns
BHG Group appears to be somewhat reliable, given 3 months investment horizon. BHG Group AB secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By examining BHG Group's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of BHG Group's Risk Adjusted Performance of 0.1191, downside deviation of 2.55, and Mean Deviation of 2.6 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BHG Group holds a performance score of 11. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BHG Group are expected to decrease at a much lower rate. During the bear market, BHG Group is likely to outperform the market. Please check BHG Group's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether BHG Group's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
BHG Group AB has modest predictability. Overlapping area represents the amount of predictability between BHG Group time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 BHG Group AB price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current BHG Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
BHG Group AB lagged returns against current returns
Autocorrelation, which is BHG 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 BHG Group's stock expected returns. We can calculate the autocorrelation of BHG Group returns to help us make a trade decision. For example, suppose you find that BHG 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 |
BHG 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 BHG Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHG Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHG Group stock over time.
Current vs Lagged Prices |
| Timeline |
BHG Group Lagged Returns
When evaluating BHG Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHG Group stock have on its future price. BHG 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, BHG Group autocorrelation shows the relationship between BHG Group stock current value and its past values and can show if there is a momentum factor associated with investing in BHG Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BHG Stock Analysis
When running BHG Group's price analysis, check to measure BHG 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 BHG Group is operating at the current time. Most of BHG Group's value examination focuses on studying past and present price action to predict the probability of BHG 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 BHG Group's price. Additionally, you may evaluate how the addition of BHG Group to your portfolios can decrease your overall portfolio volatility.