Holmen Ab Adr Stock Market Value
| HLMNY Stock | USD 21.25 0.00 0.00% |
| Symbol | Holmen |
Holmen AB '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 Holmen AB's pink sheet 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 Holmen AB.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Holmen AB on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Holmen AB ADR or generate 0.0% return on investment in Holmen AB over 30 days. Holmen AB is related to or competes with Mondi PLC, Canfor Pulp, Nine Dragons, Sylvamo Corp, Mercer International, Clearwater Paper, and Klabin Sa. Holmen AB produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kin... More
Holmen AB 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 Holmen AB's pink sheet 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 Holmen AB ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 8.12 |
Holmen AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holmen AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holmen AB's standard deviation. In reality, there are many statistical measures that can use Holmen AB historical prices to predict the future Holmen AB's volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.1454 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 1.19 |
Holmen AB ADR Backtested Returns
At this stage we consider Holmen Pink Sheet to be very steady. Holmen AB ADR holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Holmen AB ADR, which you can use to evaluate the volatility of the firm. Please check out Holmen AB's Market Risk Adjusted Performance of 1.2, risk adjusted performance of 0.1291, and Standard Deviation of 1.04 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Holmen AB has a performance score of 12 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Holmen AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holmen AB is expected to be smaller as well. Holmen AB ADR right now retains a risk of 1.04%. Please check out Holmen AB variance and rate of daily change , to decide if Holmen AB will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Holmen AB ADR has no correlation between past and present. Overlapping area represents the amount of predictability between Holmen AB time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Holmen AB ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Holmen AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Holmen AB ADR lagged returns against current returns
Autocorrelation, which is Holmen AB pink sheet'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 Holmen AB's pink sheet expected returns. We can calculate the autocorrelation of Holmen AB returns to help us make a trade decision. For example, suppose you find that Holmen AB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Holmen AB 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 Holmen AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holmen AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holmen AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Holmen AB Lagged Returns
When evaluating Holmen AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holmen AB pink sheet have on its future price. Holmen AB 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, Holmen AB autocorrelation shows the relationship between Holmen AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Holmen AB ADR.
Regressed Prices |
| Timeline |
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.Additional Tools for Holmen Pink Sheet Analysis
When running Holmen AB's price analysis, check to measure Holmen AB'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 Holmen AB is operating at the current time. Most of Holmen AB's value examination focuses on studying past and present price action to predict the probability of Holmen AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Holmen AB's price. Additionally, you may evaluate how the addition of Holmen AB to your portfolios can decrease your overall portfolio volatility.