Brinova Fastigheter (Sweden) Market Value
| BRIN-B Stock | SEK 23.20 0.10 0.43% |
| Symbol | Brinova |
Brinova Fastigheter '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 Brinova Fastigheter'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 Brinova Fastigheter.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Brinova Fastigheter on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Brinova Fastigheter AB or generate 0.0% return on investment in Brinova Fastigheter over 540 days. Brinova Fastigheter is related to or competes with Catena AB, Dios Fastigheter, Wihlborgs Fastigheter, Fabege AB, and Fastighets. Brinova Fastigheter AB develops and manages residential and community properties in Southern Sweden More
Brinova Fastigheter 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 Brinova Fastigheter'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 Brinova Fastigheter AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.75 |
Brinova Fastigheter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brinova Fastigheter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brinova Fastigheter's standard deviation. In reality, there are many statistical measures that can use Brinova Fastigheter historical prices to predict the future Brinova Fastigheter's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.06) |
Brinova Fastigheter Backtested Returns
Brinova Fastigheter secures Sharpe Ratio (or Efficiency) of -0.0068, which signifies that the company had a -0.0068% return per unit of risk over the last 3 months. Brinova Fastigheter AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brinova Fastigheter's Standard Deviation of 2.2, risk adjusted performance of 0.0013, and Mean Deviation of 1.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brinova Fastigheter's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brinova Fastigheter is expected to be smaller as well. At this point, Brinova Fastigheter has a negative expected return of -0.015%. Please make sure to confirm Brinova Fastigheter's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Brinova Fastigheter performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Brinova Fastigheter AB has below average predictability. Overlapping area represents the amount of predictability between Brinova Fastigheter time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Brinova Fastigheter price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Brinova Fastigheter price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 5.94 |
Brinova Fastigheter lagged returns against current returns
Autocorrelation, which is Brinova Fastigheter 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 Brinova Fastigheter's stock expected returns. We can calculate the autocorrelation of Brinova Fastigheter returns to help us make a trade decision. For example, suppose you find that Brinova Fastigheter 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 |
Brinova Fastigheter 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 Brinova Fastigheter stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brinova Fastigheter stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brinova Fastigheter stock over time.
Current vs Lagged Prices |
| Timeline |
Brinova Fastigheter Lagged Returns
When evaluating Brinova Fastigheter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brinova Fastigheter stock have on its future price. Brinova Fastigheter 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, Brinova Fastigheter autocorrelation shows the relationship between Brinova Fastigheter stock current value and its past values and can show if there is a momentum factor associated with investing in Brinova Fastigheter AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Brinova Stock
Brinova Fastigheter financial ratios help investors to determine whether Brinova Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Brinova with respect to the benefits of owning Brinova Fastigheter security.