Hemnet Group (Sweden) Market Value
| HEM Stock | SEK 325.80 4.80 1.50% |
| Symbol | Hemnet |
Hemnet 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 Hemnet 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 Hemnet Group.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hemnet Group on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hemnet Group AB or generate 0.0% return on investment in Hemnet Group over 30 days. Hemnet Group is related to or competes with MIPS AB, Avanza Bank, Truecaller, Nordnet AB, and Sinch AB. Hemnet Group AB operates a property platform in Sweden More
Hemnet 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 Hemnet 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 Hemnet Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.08 |
Hemnet Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hemnet Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hemnet Group's standard deviation. In reality, there are many statistical measures that can use Hemnet Group historical prices to predict the future Hemnet Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.71) |
Hemnet Group AB Backtested Returns
Hemnet Group AB holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Hemnet Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hemnet Group's Market Risk Adjusted Performance of (0.70), standard deviation of 1.85, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hemnet Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hemnet Group is expected to be smaller as well. At this point, Hemnet Group AB has a negative expected return of -0.2%. Please make sure to check out Hemnet Group's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Hemnet Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Hemnet Group AB has modest predictability. Overlapping area represents the amount of predictability between Hemnet Group time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Hemnet Group AB price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hemnet Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 16.55 |
Hemnet Group AB lagged returns against current returns
Autocorrelation, which is Hemnet 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 Hemnet Group's stock expected returns. We can calculate the autocorrelation of Hemnet Group returns to help us make a trade decision. For example, suppose you find that Hemnet 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 |
Hemnet 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 Hemnet Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hemnet Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hemnet Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hemnet Group Lagged Returns
When evaluating Hemnet Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hemnet Group stock have on its future price. Hemnet 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, Hemnet Group autocorrelation shows the relationship between Hemnet Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hemnet Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hemnet Stock Analysis
When running Hemnet Group's price analysis, check to measure Hemnet 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 Hemnet Group is operating at the current time. Most of Hemnet Group's value examination focuses on studying past and present price action to predict the probability of Hemnet 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 Hemnet Group's price. Additionally, you may evaluate how the addition of Hemnet Group to your portfolios can decrease your overall portfolio volatility.