Humble Group (Sweden) Market Value
| HUMBLE Stock | SEK 12.36 0.42 3.52% |
| Symbol | Humble |
Humble 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 Humble 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 Humble Group.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Humble Group on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Humble Group AB or generate 0.0% return on investment in Humble Group over 480 days. Humble Group is related to or competes with SBB-B, Media, Hexatronic Group, Sinch AB, and Embracer Group. Bayn Group AB develops and markets sugar reduction solutions for the food and beverage companies in Sweden More
Humble 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 Humble 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 Humble Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.45 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 3.76 |
Humble Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humble Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humble Group's standard deviation. In reality, there are many statistical measures that can use Humble Group historical prices to predict the future Humble Group's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1165 |
Humble Group AB Backtested Returns
At this point, Humble Group is somewhat reliable. Humble Group AB holds Efficiency (Sharpe) Ratio of 0.0234, which attests that the entity had a 0.0234% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Humble Group AB, which you can use to evaluate the volatility of the firm. Please check out Humble Group's Risk Adjusted Performance of 0.0301, market risk adjusted performance of 0.1265, and Downside Deviation of 2.94 to validate if the risk estimate we provide is consistent with the expected return of 0.0691%. Humble Group has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Humble Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Humble Group is expected to be smaller as well. Humble Group AB right now retains a risk of 2.95%. Please check out Humble Group sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Humble Group will be following its current trending patterns.
Auto-correlation | 0.68 |
Good predictability
Humble Group AB has good predictability. Overlapping area represents the amount of predictability between Humble Group time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Humble Group AB price movement. The serial correlation of 0.68 indicates that around 68.0% of current Humble Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
Humble Group AB lagged returns against current returns
Autocorrelation, which is Humble 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 Humble Group's stock expected returns. We can calculate the autocorrelation of Humble Group returns to help us make a trade decision. For example, suppose you find that Humble 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 |
Humble 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 Humble Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humble Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humble Group stock over time.
Current vs Lagged Prices |
| Timeline |
Humble Group Lagged Returns
When evaluating Humble Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humble Group stock have on its future price. Humble 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, Humble Group autocorrelation shows the relationship between Humble Group stock current value and its past values and can show if there is a momentum factor associated with investing in Humble Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Humble Stock
Humble Group financial ratios help investors to determine whether Humble 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 Humble with respect to the benefits of owning Humble Group security.