Karnov Group (Sweden) Market Value
| KAR Stock | SEK 65.50 4.80 7.91% |
| Symbol | Karnov |
Karnov 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 Karnov 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 Karnov Group.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Karnov Group on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Karnov Group AB or generate 0.0% return on investment in Karnov Group over 720 days. Karnov Group is related to or competes with Lagercrantz Group, Biotage AB, Vitec Software, HMS Networks, and Beijer Ref. Karnov Group AB provides information in the areas of legal, tax and accounting, environmental, and health and safety in ... More
Karnov 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 Karnov 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 Karnov Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0809 | |||
| Maximum Drawdown | 13.22 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.85 |
Karnov Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karnov Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karnov Group's standard deviation. In reality, there are many statistical measures that can use Karnov Group historical prices to predict the future Karnov Group's volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.2319 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0981 | |||
| Treynor Ratio | 0.8371 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Karnov 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.
Karnov Group AB Backtested Returns
Karnov Group appears to be very steady, given 3 months investment horizon. Karnov Group AB has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Karnov Group, which you can use to evaluate the volatility of the firm. Please exercise Karnov Group's Risk Adjusted Performance of 0.0831, mean deviation of 1.47, and Downside Deviation of 1.8 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Karnov Group holds a performance score of 9. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Karnov Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Karnov Group is expected to be smaller as well. Please check Karnov Group's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Karnov Group's current price movements will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Karnov Group AB has modest reverse predictability. Overlapping area represents the amount of predictability between Karnov Group time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th 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 Karnov Group AB price movement. The serial correlation of -0.5 indicates that about 50.0% of current Karnov Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 45.8 |
Karnov Group AB lagged returns against current returns
Autocorrelation, which is Karnov 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 Karnov Group's stock expected returns. We can calculate the autocorrelation of Karnov Group returns to help us make a trade decision. For example, suppose you find that Karnov 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 |
Karnov 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 Karnov Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karnov Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karnov Group stock over time.
Current vs Lagged Prices |
| Timeline |
Karnov Group Lagged Returns
When evaluating Karnov Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karnov Group stock have on its future price. Karnov 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, Karnov Group autocorrelation shows the relationship between Karnov Group stock current value and its past values and can show if there is a momentum factor associated with investing in Karnov Group AB.
Regressed Prices |
| Timeline |
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Complementary Tools for Karnov Stock analysis
When running Karnov Group's price analysis, check to measure Karnov 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 Karnov Group is operating at the current time. Most of Karnov Group's value examination focuses on studying past and present price action to predict the probability of Karnov 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 Karnov Group's price. Additionally, you may evaluate how the addition of Karnov Group to your portfolios can decrease your overall portfolio volatility.
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Karnov 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.