Hedera Group (Sweden) Market Value
| HEGR Stock | SEK 2.70 0.02 0.75% |
| Symbol | Hedera |
Hedera 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 Hedera 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 Hedera Group.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hedera Group on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Hedera Group publ or generate 0.0% return on investment in Hedera Group over 240 days. Hedera Group is related to or competes with Clean Motion, Heliospectra Publ, Gaming Corps, Doxa AB, and Drillcon. Hedera Group AB , together with its subsidiaries, engages in the staffing of doctors and nurses for the health and emerg... More
Hedera 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 Hedera 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 Hedera Group publ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 15.99 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 4.0 |
Hedera Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hedera Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hedera Group's standard deviation. In reality, there are many statistical measures that can use Hedera Group historical prices to predict the future Hedera Group's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (1.02) |
Hedera Group publ Backtested Returns
Hedera Group publ holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Hedera Group publ exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hedera Group's Market Risk Adjusted Performance of (1.01), standard deviation of 3.11, and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hedera Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hedera Group is expected to be smaller as well. At this point, Hedera Group publ has a negative expected return of -0.55%. Please make sure to check out Hedera Group's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Hedera Group publ performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Hedera Group publ has good predictability. Overlapping area represents the amount of predictability between Hedera Group time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Hedera Group publ price movement. The serial correlation of 0.68 indicates that around 68.0% of current Hedera Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Hedera Group publ lagged returns against current returns
Autocorrelation, which is Hedera 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 Hedera Group's stock expected returns. We can calculate the autocorrelation of Hedera Group returns to help us make a trade decision. For example, suppose you find that Hedera 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 |
Hedera 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 Hedera Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hedera Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hedera Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hedera Group Lagged Returns
When evaluating Hedera Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hedera Group stock have on its future price. Hedera 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, Hedera Group autocorrelation shows the relationship between Hedera Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hedera Group publ.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Hedera Stock Analysis
When running Hedera Group's price analysis, check to measure Hedera 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 Hedera Group is operating at the current time. Most of Hedera Group's value examination focuses on studying past and present price action to predict the probability of Hedera 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 Hedera Group's price. Additionally, you may evaluate how the addition of Hedera Group to your portfolios can decrease your overall portfolio volatility.