Stockholm (Sweden) Market Value

OMXSPI -  Sweden Index  

 813.29  2.27  0.28%

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
Backtest

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
04/22/2022
No Change 0.00  0.0 
In 30 days
05/22/2022
0.00
If you would invest  0.00  in Stockholm on April 22, 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 30 days.

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
811.71813.29814.87
Details
Intrinsic
Valuation
LowReal ValueHigh
640.92642.50894.62
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 -0.0534, which indicates the index had -0.0534% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Stockholm exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
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. Even though it is essential to pay attention to Stockholm current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Stockholm exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.62  

Very good reverse predictability

Stockholm has very good reverse predictability. Overlapping area represents the amount of predictability between Stockholm time series from 22nd of April 2022 to 7th of May 2022 and 7th of May 2022 to 22nd of May 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 -0.62 indicates that roughly 62.0% of current Stockholm price fluctuation can be explain by its past prices.
Correlation Coefficient-0.62
Spearman Rank Test-0.72
Residual Average0.0
Price Variance254.37

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 
Share
      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.

Did you try this?

Run Piotroski F Score Now

   

Piotroski F Score

Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
All  Next Launch Module

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go