Fortnox AB (Sweden) Market Value
| FNOX Stock | 89.50 0.10 0.11% |
| Symbol | Fortnox |
Fortnox AB '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 Fortnox AB'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 Fortnox AB.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Fortnox AB on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Fortnox AB or generate 0.0% return on investment in Fortnox AB over 90 days. Fortnox AB is related to or competes with Hexatronic Group, MIPS AB, Sinch AB, NIBE Industrier, and Vitec Software. More
Fortnox AB 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 Fortnox AB'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 Fortnox AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6624 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.4 |
Fortnox AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortnox AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortnox AB's standard deviation. In reality, there are many statistical measures that can use Fortnox AB historical prices to predict the future Fortnox AB's volatility.| Risk Adjusted Performance | 0.084 | |||
| Jensen Alpha | 0.0495 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 1.29 |
Fortnox AB Backtested Returns
Currently, Fortnox AB is very steady. Fortnox AB secures Sharpe Ratio (or Efficiency) of 0.0882, which denotes the company had a 0.0882 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Fortnox AB, which you can use to evaluate the volatility of the firm. Please confirm Fortnox AB's Mean Deviation of 0.4049, coefficient of variation of 1068.68, and Downside Deviation of 0.6624 to check if the risk estimate we provide is consistent with the expected return of 0.063%. Fortnox AB has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0428, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortnox AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortnox AB is expected to be smaller as well. Fortnox AB right now shows a risk of 0.71%. Please confirm Fortnox AB treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Fortnox AB will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
Fortnox AB has below average predictability. Overlapping area represents the amount of predictability between Fortnox AB time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortnox AB price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Fortnox AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.26 |
Fortnox AB lagged returns against current returns
Autocorrelation, which is Fortnox AB 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 Fortnox AB's stock expected returns. We can calculate the autocorrelation of Fortnox AB returns to help us make a trade decision. For example, suppose you find that Fortnox AB 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 |
Fortnox AB 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 Fortnox AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortnox AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortnox AB stock over time.
Current vs Lagged Prices |
| Timeline |
Fortnox AB Lagged Returns
When evaluating Fortnox AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortnox AB stock have on its future price. Fortnox AB 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, Fortnox AB autocorrelation shows the relationship between Fortnox AB stock current value and its past values and can show if there is a momentum factor associated with investing in Fortnox AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Fortnox Stock Analysis
When running Fortnox AB's price analysis, check to measure Fortnox AB'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 Fortnox AB is operating at the current time. Most of Fortnox AB's value examination focuses on studying past and present price action to predict the probability of Fortnox AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortnox AB's price. Additionally, you may evaluate how the addition of Fortnox AB to your portfolios can decrease your overall portfolio volatility.