MAG Interactive (Sweden) Market Value
| MAGI Stock | SEK 10.45 0.47 4.71% |
| Symbol | MAG |
MAG Interactive '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 MAG Interactive'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 MAG Interactive.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in MAG Interactive on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding MAG Interactive AB or generate 0.0% return on investment in MAG Interactive over 30 days. MAG Interactive is related to or competes with G5 Entertainment, Stillfront Group, Kambi Group, and Enad Global. MAG Interactive AB develops and publishes mobile games worldwide More
MAG Interactive 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 MAG Interactive'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 MAG Interactive AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0192 | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.92 |
MAG Interactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAG Interactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAG Interactive's standard deviation. In reality, there are many statistical measures that can use MAG Interactive historical prices to predict the future MAG Interactive's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.3558 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | (0.12) |
MAG Interactive AB Backtested Returns
MAG Interactive appears to be somewhat reliable, given 3 months investment horizon. MAG Interactive AB has Sharpe Ratio of 0.0918, which conveys that the company had a 0.0918% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MAG Interactive, which you can use to evaluate the volatility of the entity. Please exercise MAG Interactive's Mean Deviation of 2.51, semi deviation of 2.97, and Downside Deviation of 3.29 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAG Interactive holds a performance score of 7. The firm secures a Beta (Market Risk) of -1.54, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MAG Interactive are expected to decrease by larger amounts. On the other hand, during market turmoil, MAG Interactive is expected to outperform it. Please check MAG Interactive's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether MAG Interactive's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
MAG Interactive AB has below average predictability. Overlapping area represents the amount of predictability between MAG Interactive time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 MAG Interactive AB price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current MAG Interactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
MAG Interactive AB lagged returns against current returns
Autocorrelation, which is MAG Interactive 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 MAG Interactive's stock expected returns. We can calculate the autocorrelation of MAG Interactive returns to help us make a trade decision. For example, suppose you find that MAG Interactive 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 |
MAG Interactive 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 MAG Interactive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAG Interactive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAG Interactive stock over time.
Current vs Lagged Prices |
| Timeline |
MAG Interactive Lagged Returns
When evaluating MAG Interactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAG Interactive stock have on its future price. MAG Interactive 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, MAG Interactive autocorrelation shows the relationship between MAG Interactive stock current value and its past values and can show if there is a momentum factor associated with investing in MAG Interactive AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for MAG Stock Analysis
When running MAG Interactive's price analysis, check to measure MAG Interactive'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 MAG Interactive is operating at the current time. Most of MAG Interactive's value examination focuses on studying past and present price action to predict the probability of MAG Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MAG Interactive's price. Additionally, you may evaluate how the addition of MAG Interactive to your portfolios can decrease your overall portfolio volatility.