Actic Group (Sweden) Market Value

ATIC Stock  SEK 4.70  0.19  4.21%   
Actic Group's market value is the price at which a share of Actic Group trades on a public exchange. It measures the collective expectations of Actic Group AB investors about its performance. Actic Group is selling for under 4.70 as of the 28th of March 2024; that is 4.21% increase since the beginning of the trading day. The stock's last reported lowest price was 4.45.
With this module, you can estimate the performance of a buy and hold strategy of Actic Group AB and determine expected loss or profit from investing in Actic Group over a given investment horizon. Check out Actic Group Correlation, Actic Group Volatility and Actic Group Alpha and Beta module to complement your research on Actic Group.
Symbol

Please note, there is a significant difference between Actic Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Actic Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Actic Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Actic 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 Actic 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 Actic Group.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Actic Group on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Actic Group AB or generate 0.0% return on investment in Actic Group over 30 days. Actic Group is related to or competes with Invisio Communications, High Coast, Viva Wine, Systemair, Avanza Bank, FormPipe Software, and Nordea Bank. Actic Group AB operates health and fitness clubs in Sweden, Norway, Germany, and Austria More

Actic 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 Actic 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 Actic Group AB upside and downside potential and time the market with a certain degree of confidence.

Actic Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Actic Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Actic Group's standard deviation. In reality, there are many statistical measures that can use Actic Group historical prices to predict the future Actic Group's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Actic Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.584.708.82
Details
Intrinsic
Valuation
LowRealHigh
0.203.998.11
Details
Naive
Forecast
LowNextHigh
0.394.518.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.394.574.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Actic Group. Your research has to be compared to or analyzed against Actic Group's peers to derive any actionable benefits. When done correctly, Actic Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Actic Group AB.

Actic Group AB Backtested Returns

We consider Actic Group unstable. Actic Group AB secures Sharpe Ratio (or Efficiency) of 0.005, which signifies that the company had a 0.005% return per unit of risk over the last 3 months. We have found thirty technical indicators for Actic Group AB, which you can use to evaluate the volatility of the firm. Please confirm Actic Group's Downside Deviation of 2.8, mean deviation of 2.23, and Risk Adjusted Performance of 0.0114 to double-check if the risk estimate we provide is consistent with the expected return of 0.0207%. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Actic Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Actic Group is expected to be smaller as well. Actic Group AB right now shows a risk of 4.12%. Please confirm Actic Group AB treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Actic Group AB will be following its price patterns.

Auto-correlation

    
  -0.43  

Modest reverse predictability

Actic Group AB has modest reverse predictability. Overlapping area represents the amount of predictability between Actic Group time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Actic Group AB price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Actic Group price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.01

Actic Group AB lagged returns against current returns

Autocorrelation, which is Actic 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 Actic Group's stock expected returns. We can calculate the autocorrelation of Actic Group returns to help us make a trade decision. For example, suppose you find that Actic 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  

Actic 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 Actic Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Actic Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Actic Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Actic Group Lagged Returns

When evaluating Actic Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Actic Group stock have on its future price. Actic 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, Actic Group autocorrelation shows the relationship between Actic Group stock current value and its past values and can show if there is a momentum factor associated with investing in Actic Group AB.
   Regressed Prices   
       Timeline  

Pair Trading with Actic Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Actic Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Actic Group will appreciate offsetting losses from the drop in the long position's value.

Moving against Actic Stock

  0.51EQT EQT ABPairCorr
  0.51CCC Cavotec SAPairCorr
  0.45NNH New Nordic HealthbrandsPairCorr
  0.45IRLAB-A IRLAB TherapeuticsPairCorr
  0.44MYCR Mycronic Publ ABPairCorr
The ability to find closely correlated positions to Actic Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Actic Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Actic Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Actic Group AB to buy it.
The correlation of Actic Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Actic Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Actic Group AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Actic Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Actic Group Correlation, Actic Group Volatility and Actic Group Alpha and Beta module to complement your research on Actic Group.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Actic Stock analysis

When running Actic Group's price analysis, check to measure Actic 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 Actic Group is operating at the current time. Most of Actic Group's value examination focuses on studying past and present price action to predict the probability of Actic 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 Actic Group's price. Additionally, you may evaluate how the addition of Actic Group to your portfolios can decrease your overall portfolio volatility.
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Actic Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Actic Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Actic Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...