Stockholm (Sweden) Market Value

OMXSPI
 Index
  

 813.65  12.39  1.50%   

Stockholm's market value is the price at which a share of Stockholm stock trades on a public exchange. It measures the collective expectations of Stockholm investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Stockholm and determine expected loss or profit from investing in Stockholm over a given investment horizon. Check out Stockholm Hype Analysis, Stockholm Correlation, Portfolio Optimization, Stockholm Volatility, as well as analyze Stockholm Alpha and Beta and Stockholm Performance.
Symbol

Please note, there is a significant difference between Stockholm's value and its price as these two are different measures arrived at by different means. Investors typically determine Stockholm value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stockholm's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Stockholm '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 Stockholm's index 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 Stockholm.
0.00
05/19/2022
No Change 0.00  0.0 
In 3 months and 1 day
08/17/2022
0.00
If you would invest  0.00  in Stockholm on May 19, 2022 and sell it all today you would earn a total of 0.00 from holding Stockholm or generate 0.0% return on investment in Stockholm over 90 days. More

Stockholm 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 Stockholm's index 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 Stockholm upside and downside potential and time the market with a certain degree of confidence.

Stockholm Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Stockholm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stockholm's standard deviation. In reality, there are many statistical measures that can use Stockholm historical prices to predict the future Stockholm's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Stockholm'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. Please use the tools below to analyze the current value of Stockholm in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
812.11813.65815.19
Details
Intrinsic
Valuation
LowReal ValueHigh
800.07801.61895.02
Details
Naive
Forecast
LowNext ValueHigh
834.46836.00837.54
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
730.45786.43842.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stockholm. Your research has to be compared to or analyzed against Stockholm's peers to derive any actionable benefits. When done correctly, Stockholm's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Stockholm.

Stockholm Backtested Returns

Stockholm owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0109, which indicates the index had 0.0109% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Stockholm, which you can use to evaluate the future volatility of the index.
The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. Let's try to break down what Stockholm's beta means in this case. the returns on MARKET and Stockholm are completely uncorrelated. Although it is important to respect Stockholm current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Stockholm technical indicators, you can presently evaluate if the expected return of 0.0168% will be sustainable into the future.

Auto-correlation

    
  -0.82  

Excellent reverse predictability

Stockholm has excellent reverse predictability. Overlapping area represents the amount of predictability between Stockholm time series from 19th of May 2022 to 3rd of July 2022 and 3rd of July 2022 to 17th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Stockholm price movement. The serial correlation of -0.82 indicates that around 82.0% of current Stockholm price fluctuation can be explain by its past prices.
Correlation Coefficient-0.82
Spearman Rank Test-0.78
Residual Average0.0
Price Variance624.94

Stockholm lagged returns against current returns

Autocorrelation, which is Stockholm index'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 Stockholm's index expected returns. We can calculate the autocorrelation of Stockholm returns to help us make a trade decision. For example, suppose you find that Stockholm index 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Stockholm 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 Stockholm index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stockholm index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stockholm index over time.
   Current vs Lagged Prices   
Share
       Timeline  

Stockholm Lagged Returns

When evaluating Stockholm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stockholm index have on its future price. Stockholm 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, Stockholm autocorrelation shows the relationship between Stockholm index current value and its past values and can show if there is a momentum factor associated with investing in Stockholm.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stockholm without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Stockholm Hype Analysis, Stockholm Correlation, Portfolio Optimization, Stockholm Volatility, as well as analyze Stockholm Alpha and Beta and Stockholm Performance. Note that the Stockholm information on this page should be used as a complementary analysis to other Stockholm's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Other Tools for Stockholm Index

When running Stockholm price analysis, check to measure Stockholm'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 Stockholm is operating at the current time. Most of Stockholm's value examination focuses on studying past and present price action to predict the probability of Stockholm's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Stockholm's price. Additionally, you may evaluate how the addition of Stockholm to your portfolios can decrease your overall portfolio volatility.
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