OMX Stockholm's market value is the price at which a share of OMX Stockholm trades on a public exchange. It measures the collective expectations of OMX Stockholm Mid investors about its performance. OMX Stockholm is enlisted at 1624.05 as of the 26th of November 2024; that is 0.43 percent increase since the beginning of the trading day. The index's last reported lowest price was 1618.57. With this module, you can estimate the performance of a buy and hold strategy of OMX Stockholm Mid and determine expected loss or profit from investing in OMX Stockholm over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in population.
Symbol
OMX
OMX Stockholm '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 OMX Stockholm's index 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 OMX Stockholm.
0.00
01/31/2024
No Change 0.00
0.0
In 9 months and 28 days
11/26/2024
0.00
If you would invest 0.00 in OMX Stockholm on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding OMX Stockholm Mid or generate 0.0% return on investment in OMX Stockholm over 300 days.
OMX Stockholm 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 OMX Stockholm's index 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 OMX Stockholm Mid upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMX Stockholm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMX Stockholm's standard deviation. In reality, there are many statistical measures that can use OMX Stockholm historical prices to predict the future OMX Stockholm's volatility.
OMX Stockholm Mid maintains Sharpe Ratio (i.e., Efficiency) of -0.0631, which implies the entity had a -0.0631% return per unit of standard deviation over the last 3 months. OMX Stockholm Mid exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and OMX Stockholm are completely uncorrelated.
Auto-correlation
-0.21
Weak reverse predictability
OMX Stockholm Mid has weak reverse predictability. Overlapping area represents the amount of predictability between OMX Stockholm time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 OMX Stockholm Mid price movement. The serial correlation of -0.21 indicates that over 21.0% of current OMX Stockholm price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.21
Spearman Rank Test
-0.24
Residual Average
0.0
Price Variance
806.69
OMX Stockholm Mid lagged returns against current returns
Autocorrelation, which is OMX Stockholm index'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 OMX Stockholm's index expected returns. We can calculate the autocorrelation of OMX Stockholm returns to help us make a trade decision. For example, suppose you find that OMX Stockholm has exhibited high autocorrelation historically, and you observe that the index 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
OMX Stockholm 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 OMX Stockholm index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMX Stockholm index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMX Stockholm index over time.
Current vs Lagged Prices
Timeline
OMX Stockholm Lagged Returns
When evaluating OMX Stockholm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMX Stockholm index have on its future price. OMX Stockholm 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, OMX Stockholm autocorrelation shows the relationship between OMX Stockholm index current value and its past values and can show if there is a momentum factor associated with investing in OMX Stockholm Mid.
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.