Gapwaves (Sweden) Market Value
| GAPW-B Stock | SEK 13.54 1.06 7.26% |
| Symbol | Gapwaves |
Gapwaves '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 Gapwaves' 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 Gapwaves.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Gapwaves on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Gapwaves AB Series or generate 0.0% return on investment in Gapwaves over 360 days. Gapwaves is related to or competes with Sivers IMA, SaltX Technology, Acconeer, and GomSpace Group. Gapwaves AB provides wireless communication products More
Gapwaves 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 Gapwaves' 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 Gapwaves AB Series upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 31.68 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 3.18 |
Gapwaves Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gapwaves' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gapwaves' standard deviation. In reality, there are many statistical measures that can use Gapwaves historical prices to predict the future Gapwaves' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 0.6701 |
Gapwaves AB Series Backtested Returns
Gapwaves AB Series holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Gapwaves AB Series exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gapwaves' Market Risk Adjusted Performance of 0.6801, standard deviation of 3.49, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gapwaves are expected to decrease at a much lower rate. During the bear market, Gapwaves is likely to outperform the market. At this point, Gapwaves AB Series has a negative expected return of -0.45%. Please make sure to check out Gapwaves' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Gapwaves AB Series performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Gapwaves AB Series has virtually no predictability. Overlapping area represents the amount of predictability between Gapwaves time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Gapwaves AB Series price movement. The serial correlation of 0.01 indicates that just 1.0% of current Gapwaves price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Gapwaves AB Series lagged returns against current returns
Autocorrelation, which is Gapwaves 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 Gapwaves' stock expected returns. We can calculate the autocorrelation of Gapwaves returns to help us make a trade decision. For example, suppose you find that Gapwaves 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 |
Gapwaves 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 Gapwaves stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gapwaves stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gapwaves stock over time.
Current vs Lagged Prices |
| Timeline |
Gapwaves Lagged Returns
When evaluating Gapwaves' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gapwaves stock have on its future price. Gapwaves 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, Gapwaves autocorrelation shows the relationship between Gapwaves stock current value and its past values and can show if there is a momentum factor associated with investing in Gapwaves AB Series.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Gapwaves Stock
Gapwaves financial ratios help investors to determine whether Gapwaves 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 Gapwaves with respect to the benefits of owning Gapwaves security.