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Active analysis

Start-ups in Sweden

Stockholm: fintech and software with global ambitions.

Photo: Kylli Kittus / Unsplash

Questions the analysis answers

The assets on the radar in this domain

2 assets scored on the same 14 conditions: 0 with 10+ conditions met, 1 on watch (6–9) and 1 under 6. The scores are those of the frozen snapshot of 29 October 2026 (JSON file with a SHA-256 fingerprint). 1 have a weekly public price in our database.

AssetCategoryConditionsScoreSubstance / formLast priceBefore the snapshotSince the snapshotPrice source
LovableStart-up with product
Sweden
9/146.76Substance confirmedNo public price: not listed
Klarna (KLAR)Recently listed
Sweden
3/145.24Substance being confirmed13.3 USD
2026-10-30
-7.7%from 2026-11-06Yahoo Finance · KLAR

Each asset, condition by condition

Open an asset to see the score on each condition, explained in plain words, and what it means in short.

Lovable · Start-up with product · 9/14 · Substance confirmed

Reached $100M ARR in 8 months; high churn risk in the category.

#ConditionScoreIn plain words
C1Actually used8Genuinely used: real users or revenue, not just promises.
C2Launch from strength6The launch timing says nothing special, good or bad.
C3Healthy funding7Healthy funding: no investors able to flood the market.
C4Attracts skilled people7Skilled people and partners move toward it: value recognised from the inside.
C5Real customers6Customers are real, but part of the activity is artificially boosted.
C6Credible team7Credible team: has delivered and has no scandals.
C7Well-distributed supply6Balanced supply, with some unlocks or issuance to watch.
C8Organic community8Organic community: people came for the product.
C9Obvious problem8Obvious problem: explained in one sentence, and people feel it.
C10Good entry price4Expensive versus rivals or versus what it produces.
C11Balanced media7Balanced attention: neither ignored nor in euphoria.
C12Healthy price and volume8Healthy price behaviour: stable or rising, backed by volume.
C13Few on the same bet4Too many have already bet on it: little room for new buyers.
C14Low risks7Low risks: no lawsuits, scandals or major geopolitical exposure.
Klarna (KLAR) · Recently listed · 3/14 · Substance being confirmed

52-week high $47.5. Credit risk; 2021 valuation: $45.6B.

#ConditionScoreIn plain words
C1Actually used6Has users or revenue, but demand is not fully proven yet.
C2Launch from strength4Rushed to market or listing, usually when enthusiasm peaked.
C3Healthy funding4Large investors can sell a lot quickly, which can weigh on the price.
C4Attracts skilled people5Attracts talent and partners at a normal pace.
C5Real customers6Customers are real, but part of the activity is artificially boosted.
C6Credible team5Credible team, but without a long track record.
C7Well-distributed supply5Balanced supply, with some unlocks or issuance to watch.
C8Organic community7Organic community: people came for the product.
C9Obvious problem6The problem is real, but not very pressing.
C10Good entry price7Good entry price: cheap versus rivals, its peak or what it produces.
C11Balanced media4The press is euphoric: historically, euphoria often marked the top.
C12Healthy price and volume2The price is falling or erratic, without support.
C13Few on the same bet7Few on the same bet: still room for new buyers.
C14Low risks5A few risks to watch, nothing serious.

Weekly prices (the database)

Every Friday, an automated GitHub routine downloads the closes from public sources and adds them here. Points older than a week are no longer changed, and every update stays in the project’s public history. Last update: 5 November 2026.

Weekly prices of the assets on the radar vs. S&P 500 (index, first week = 100). Source: Radar weekly database (CoinGecko and Yahoo Finance closes), retrieved on 2026-11-05. Each series is rebased to 100 on the first Friday, so assets with very different prices can be compared. The raw prices are in the table and in the source file.

Backtest: what happened before the snapshot

Read with care: the scores were given on 29 October 2026, after this period. The chart shows the context in which the scores were given, not the radar’s performance. Real performance is measured only from the snapshot onwards (next section).

Median change in the 8 weeks before the snapshot, by zone (%). Source: Radar weekly database (CoinGecko and Yahoo Finance closes), retrieved on 2026-11-05. Computed automatically from the database: 4 September 2026 → 30 October 2026. In brackets, the number of assets with a public price in each zone.

Computed automatically: in the two months before the snapshot, 0 of 1 assets with a public price rose. The median change was -7.7%, against -1.8% for S&P 500.

Since the snapshot: the radar’s performance

The first measurement runs automatically on Friday, 6 November 2026, against the close of 30 October 2026. From then on, the table above and this paragraph update weekly, with all assets, including those that fell.

Past performance is not a reliable indicator of future results. Prices before fees and taxes. This is not investment advice.

How we apply the 14 conditions here

The same algorithm as for crypto, companies and commodities: each condition gets a score from 0 to 10 and is met from 7. The weights are identical in every domain; only what we measure in practice changes.

#ConditionWhat we measureWeight
C1Actually usedReal revenue, users or demand, not promises.16%
C2Launch from strengthThe best don’t rush: they launch when ready.6%
C3Healthy fundingNo investors who can sell heavily right away.6%
C4Attracts skilled peopleTalent, partners and builders move toward it.8%
C5Real customersNatural activity, not bought or subsidised.6%
C6Credible teamA record of finishing things, no scandals.8%
C7Well-distributed supplyFew shares or tokens waiting to flood the market.8%
C8Organic communityPeople who came for the product, not quick gains.4%
C9Obvious problemExplainable in one sentence.6%
C10Good entry priceRoom to grow versus rivals or versus cost.6%
C11Balanced mediaMedia euphoria has historically marked the top.6%
C12Healthy price and volumeA steady price while usage grows.6%
C13Few on the same betThe less crowded, the better.6%
C14Low risksNo lawsuits, scandals or major geopolitical risk.8%

Groundwork: official data

The data are being collected from official sources. We show no figure until it has a verifiable source.

Questions about the reasoning

Do you disagree with a score, or want to know why an asset is where it is? Ask. We answer with the weekly update, with sources, by email and, if you agree, here on the page.

Answered questions

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Sources

How we check the data →