Fragbite Group (Sweden) Market Value
| FRAG Stock | 7.75 0.50 6.06% |
| 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.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Fragbite Group on November 16, 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 is related to or competes with Humble Group, Enad Global, Goodbye Kansas, KABE Group, IAR Systems, Mekonomen, and Clinical Laserthermia. More
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.
| Downside Deviation | 7.08 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 52617.82 | |||
| Value At Risk | (10.20) | |||
| Potential Upside | 18.87 |
Fragbite Group Market Risk Indicators
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.| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 850.17 | |||
| Total Risk Alpha | (8.13) | |||
| Sortino Ratio | 112.52 | |||
| Treynor Ratio | (1.34) |
Fragbite Group AB Backtested Returns
Fragbite Group is out of control given 3 months investment horizon. Fragbite Group AB secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 14.72% are justified by taking the suggested risk. Use Fragbite Group Coefficient Of Variation of 812.88, downside deviation of 7.08, and Mean Deviation of 1569.88 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 shows a Beta (market volatility) of -595.21, 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 downside deviation, standard deviation, and the relationship between the mean deviation and coefficient of variation , to analyze future returns on Fragbite Group.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Fragbite Group AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fragbite Group time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 -0.18 indicates that over 18.0% of current Fragbite Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
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 |
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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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fragbite Stock Analysis
When running Fragbite Group's price analysis, check to measure Fragbite 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 Fragbite Group is operating at the current time. Most of Fragbite Group's value examination focuses on studying past and present price action to predict the probability of Fragbite 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 Fragbite Group's price. Additionally, you may evaluate how the addition of Fragbite Group to your portfolios can decrease your overall portfolio volatility.