Storskogen Group (Sweden) Market Value
| STOR-B Stock | 11.28 0.08 0.70% |
| Symbol | Storskogen |
Storskogen 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 Storskogen 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 Storskogen Group.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Storskogen Group on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Storskogen Group AB or generate 0.0% return on investment in Storskogen Group over 720 days. Storskogen Group is related to or competes with L E, Industrivarden, Svenska Handelsbanken, Investment, and Investor. More
Storskogen 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 Storskogen 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 Storskogen Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.51 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.65 |
Storskogen Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Storskogen Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Storskogen Group's standard deviation. In reality, there are many statistical measures that can use Storskogen Group historical prices to predict the future Storskogen Group's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0742 |
Storskogen Group Backtested Returns
Storskogen Group appears to be somewhat reliable, given 3 months investment horizon. Storskogen Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0699, which indicates the firm had a 0.0699% return per unit of risk over the last 3 months. We have found thirty technical indicators for Storskogen Group AB, which you can use to evaluate the volatility of the company. Please review Storskogen Group's Semi Deviation of 1.88, risk adjusted performance of 0.0347, and Coefficient Of Variation of 2820.27 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Storskogen Group holds a performance score of 5. The entity has a beta of 1.4, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Storskogen Group will likely underperform. Please check Storskogen Group's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Storskogen Group's existing price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Storskogen Group AB has weak reverse predictability. Overlapping area represents the amount of predictability between Storskogen Group time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Storskogen Group price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Storskogen Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Storskogen Group lagged returns against current returns
Autocorrelation, which is Storskogen 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 Storskogen Group's stock expected returns. We can calculate the autocorrelation of Storskogen Group returns to help us make a trade decision. For example, suppose you find that Storskogen 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 |
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Storskogen 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 Storskogen Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Storskogen Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Storskogen Group stock over time.
Current vs Lagged Prices |
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Storskogen Group Lagged Returns
When evaluating Storskogen Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Storskogen Group stock have on its future price. Storskogen 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, Storskogen Group autocorrelation shows the relationship between Storskogen Group stock current value and its past values and can show if there is a momentum factor associated with investing in Storskogen Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Storskogen Stock
Storskogen Group financial ratios help investors to determine whether Storskogen 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 Storskogen with respect to the benefits of owning Storskogen Group security.