ADDvise Group (Sweden) Market Value
| ADDV-B Stock | SEK 7.36 0.56 7.07% |
| Symbol | ADDvise |
ADDvise 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 ADDvise 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 ADDvise Group.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in ADDvise Group on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding ADDvise Group B or generate 0.0% return on investment in ADDvise Group over 30 days. ADDvise Group is related to or competes with Clinical Laserthermia, Episurf Medical, and Neodynamics. More
ADDvise 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 ADDvise 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 ADDvise Group B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 20.21 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 3.07 |
ADDvise Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADDvise Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADDvise Group's standard deviation. In reality, there are many statistical measures that can use ADDvise Group historical prices to predict the future ADDvise Group's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.84) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | 2.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ADDvise 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.
ADDvise Group B Backtested Returns
ADDvise Group B secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. ADDvise Group B exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ADDvise Group's Standard Deviation of 3.71, mean deviation of 2.4, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ADDvise Group are expected to decrease at a much lower rate. During the bear market, ADDvise Group is likely to outperform the market. ADDvise Group B has an expected return of -0.89%. Please make sure to confirm ADDvise Group B standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if ADDvise Group B performance from the past will be repeated at some future date.
Auto-correlation | -0.63 |
Very good reverse predictability
ADDvise Group B has very good reverse predictability. Overlapping area represents the amount of predictability between ADDvise Group time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 ADDvise Group B price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current ADDvise Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
ADDvise Group B lagged returns against current returns
Autocorrelation, which is ADDvise 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 ADDvise Group's stock expected returns. We can calculate the autocorrelation of ADDvise Group returns to help us make a trade decision. For example, suppose you find that ADDvise 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 |
ADDvise 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 ADDvise Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADDvise Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADDvise Group stock over time.
Current vs Lagged Prices |
| Timeline |
ADDvise Group Lagged Returns
When evaluating ADDvise Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADDvise Group stock have on its future price. ADDvise 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, ADDvise Group autocorrelation shows the relationship between ADDvise Group stock current value and its past values and can show if there is a momentum factor associated with investing in ADDvise Group B.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ADDvise Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ADDvise Group's short interest history, or implied volatility extrapolated from ADDvise Group options trading.
Pair Trading with ADDvise 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 ADDvise 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 ADDvise Group will appreciate offsetting losses from the drop in the long position's value.Moving together with ADDvise Stock
| 0.68 | BICO | BICO Group AB | PairCorr |
Moving against ADDvise Stock
| 0.9 | STIL | Stille AB | PairCorr |
| 0.88 | VOLV-A | AB Volvo | PairCorr |
| 0.88 | SKA-B | Skanska AB Earnings Call This Week | PairCorr |
| 0.83 | VOLV-B | AB Volvo | PairCorr |
| 0.83 | ATCO-B | Atlas Copco AB | PairCorr |
The ability to find closely correlated positions to ADDvise 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 ADDvise 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 ADDvise 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 ADDvise Group B to buy it.
The correlation of ADDvise 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 ADDvise Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADDvise Group B 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 ADDvise 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.Check out ADDvise Group Correlation, ADDvise Group Volatility and ADDvise Group Alpha and Beta module to complement your research on ADDvise Group. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for ADDvise Stock analysis
When running ADDvise Group's price analysis, check to measure ADDvise 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 ADDvise Group is operating at the current time. Most of ADDvise Group's value examination focuses on studying past and present price action to predict the probability of ADDvise 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 ADDvise Group's price. Additionally, you may evaluate how the addition of ADDvise Group to your portfolios can decrease your overall portfolio volatility.
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ADDvise 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.