AQ Group (Sweden) Market Value
| AQ Stock | SEK 513.00 3.00 0.58% |
| Symbol | AQ Group |
AQ 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 AQ 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 AQ Group.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in AQ Group on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding AQ Group AB or generate 0.0% return on investment in AQ Group over 30 days. AQ Group is related to or competes with Online Brands, Clean Motion, and Nilsson Special. AQ Group AB manufactures and sells components and systems for industrial customers worldwide More
AQ 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 AQ 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 AQ Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0089 | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.83 |
AQ Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AQ Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AQ Group's standard deviation. In reality, there are many statistical measures that can use AQ Group historical prices to predict the future AQ Group's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.0854 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AQ 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.
AQ Group AB Backtested Returns
We consider AQ Group very steady. AQ Group AB retains Efficiency (Sharpe Ratio) of 0.0055, which signifies that the company had a 0.0055% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for AQ Group, which you can use to evaluate the volatility of the firm. Please confirm AQ Group's Coefficient Of Variation of 2260.22, market risk adjusted performance of 0.0954, and Standard Deviation of 1.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.0082%. The firm owns a Beta (Systematic Risk) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AQ Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding AQ Group is expected to be smaller as well. AQ Group AB today owns a risk of 1.51%. Please confirm AQ Group AB coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if AQ Group AB will be following its current price history.
Auto-correlation | 0.46 |
Average predictability
AQ Group AB has average predictability. Overlapping area represents the amount of predictability between AQ Group time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 AQ Group AB price movement. The serial correlation of 0.46 indicates that about 46.0% of current AQ Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 25.69 |
AQ Group AB lagged returns against current returns
Autocorrelation, which is AQ 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 AQ Group's stock expected returns. We can calculate the autocorrelation of AQ Group returns to help us make a trade decision. For example, suppose you find that AQ 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 |
AQ 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 AQ Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AQ Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AQ Group stock over time.
Current vs Lagged Prices |
| Timeline |
AQ Group Lagged Returns
When evaluating AQ Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AQ Group stock have on its future price. AQ 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, AQ Group autocorrelation shows the relationship between AQ Group stock current value and its past values and can show if there is a momentum factor associated with investing in AQ Group AB.
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 AQ 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, AQ Group's short interest history, or implied volatility extrapolated from AQ Group options trading.
Pair Trading with AQ 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 AQ 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 AQ Group will appreciate offsetting losses from the drop in the long position's value.Moving together with AQ Group Stock
| 0.71 | BINERO | Binero Group AB | PairCorr |
Moving against AQ Group Stock
| 0.71 | RO | Rolling Optics Holding | PairCorr |
| 0.61 | CNCJO-B | Concejo AB | PairCorr |
| 0.59 | ORRON | Orrn Energy AB | PairCorr |
The ability to find closely correlated positions to AQ 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 AQ 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 AQ 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 AQ Group AB to buy it.
The correlation of AQ 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 AQ Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AQ 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 AQ 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 AQ Group Correlation, AQ Group Volatility and AQ Group Alpha and Beta module to complement your research on AQ Group. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for AQ Group Stock analysis
When running AQ Group's price analysis, check to measure AQ 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 AQ Group is operating at the current time. Most of AQ Group's value examination focuses on studying past and present price action to predict the probability of AQ 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 AQ Group's price. Additionally, you may evaluate how the addition of AQ Group to your portfolios can decrease your overall portfolio volatility.
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AQ 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.