Hufvudstaden (Sweden) Market Value
| HUFV-A Stock | SEK 123.30 1.60 1.31% |
| Symbol | Hufvudstaden |
Hufvudstaden '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 Hufvudstaden'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 Hufvudstaden.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Hufvudstaden on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Hufvudstaden AB or generate 0.0% return on investment in Hufvudstaden over 360 days. Hufvudstaden is related to or competes with ALM Equity, and Acrinova. Hufvudstaden AB engages in the ownership, development, and management of commercial properties in Stockholm and Gothenbu... More
Hufvudstaden 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 Hufvudstaden'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 Hufvudstaden AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.16 |
Hufvudstaden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hufvudstaden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hufvudstaden's standard deviation. In reality, there are many statistical measures that can use Hufvudstaden historical prices to predict the future Hufvudstaden's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.64) |
Hufvudstaden AB Backtested Returns
Hufvudstaden AB holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hufvudstaden AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hufvudstaden's Risk Adjusted Performance of (0.09), market risk adjusted performance of (0.63), and Standard Deviation of 1.2 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hufvudstaden's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hufvudstaden is expected to be smaller as well. At this point, Hufvudstaden AB has a negative expected return of -0.17%. Please make sure to check out Hufvudstaden's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Hufvudstaden AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Hufvudstaden AB has very good reverse predictability. Overlapping area represents the amount of predictability between Hufvudstaden time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 Hufvudstaden AB price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Hufvudstaden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 23.26 |
Hufvudstaden AB lagged returns against current returns
Autocorrelation, which is Hufvudstaden 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 Hufvudstaden's stock expected returns. We can calculate the autocorrelation of Hufvudstaden returns to help us make a trade decision. For example, suppose you find that Hufvudstaden 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 |
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Hufvudstaden 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 Hufvudstaden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hufvudstaden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hufvudstaden stock over time.
Current vs Lagged Prices |
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Hufvudstaden Lagged Returns
When evaluating Hufvudstaden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hufvudstaden stock have on its future price. Hufvudstaden 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, Hufvudstaden autocorrelation shows the relationship between Hufvudstaden stock current value and its past values and can show if there is a momentum factor associated with investing in Hufvudstaden AB.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Hufvudstaden Stock
Hufvudstaden financial ratios help investors to determine whether Hufvudstaden 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 Hufvudstaden with respect to the benefits of owning Hufvudstaden security.