Flgger Group (Denmark) Market Value
| FLUG-B Stock | DKK 326.00 4.00 1.21% |
| Symbol | Flgger |
Flgger 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 Flgger 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 Flgger Group.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Flgger Group on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Flgger group AS or generate 0.0% return on investment in Flgger Group over 90 days. Flgger Group is related to or competes with Per Aarsleff, North Media, HH International, and Matas AS. Flgger group AS designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wa... More
Flgger 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 Flgger 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 Flgger group AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.29 |
Flgger Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flgger Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flgger Group's standard deviation. In reality, there are many statistical measures that can use Flgger Group historical prices to predict the future Flgger Group's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Flgger 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.
Flgger group AS Backtested Returns
Flgger group AS secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Flgger group AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Flgger Group's Mean Deviation of 1.06, standard deviation of 1.41, and Variance of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Flgger Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flgger Group is expected to be smaller as well. Flgger group AS has an expected return of -0.15%. Please make sure to confirm Flgger group AS coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Flgger group AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Flgger group AS has good predictability. Overlapping area represents the amount of predictability between Flgger Group time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Flgger group AS price movement. The serial correlation of 0.77 indicates that around 77.0% of current Flgger Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 137.43 |
Flgger group AS lagged returns against current returns
Autocorrelation, which is Flgger 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 Flgger Group's stock expected returns. We can calculate the autocorrelation of Flgger Group returns to help us make a trade decision. For example, suppose you find that Flgger 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 |
Flgger 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 Flgger Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flgger Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flgger Group stock over time.
Current vs Lagged Prices |
| Timeline |
Flgger Group Lagged Returns
When evaluating Flgger Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flgger Group stock have on its future price. Flgger 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, Flgger Group autocorrelation shows the relationship between Flgger Group stock current value and its past values and can show if there is a momentum factor associated with investing in Flgger group AS.
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 Flgger 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, Flgger Group's short interest history, or implied volatility extrapolated from Flgger Group options trading.
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Complementary Tools for Flgger Stock analysis
When running Flgger Group's price analysis, check to measure Flgger 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 Flgger Group is operating at the current time. Most of Flgger Group's value examination focuses on studying past and present price action to predict the probability of Flgger 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 Flgger Group's price. Additionally, you may evaluate how the addition of Flgger Group to your portfolios can decrease your overall portfolio volatility.
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Flgger 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.