Svenska Handelsbanken Pk Stock Market Value
| SVNLY Stock | USD 4.99 0.04 0.81% |
| Symbol | Svenska |
Svenska Handelsbanken '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 Svenska Handelsbanken'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 Svenska Handelsbanken.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Svenska Handelsbanken on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Svenska Handelsbanken PK or generate 0.0% return on investment in Svenska Handelsbanken over 30 days. Svenska Handelsbanken is related to or competes with China Construction, Industrial, Bank of America, Bank of America, Agricultural Bank, Bank of America, and Commonwealth Bank. Svenska Handelsbanken AB provides various banking products and services for private and corporate customers primarily in... More
Svenska Handelsbanken 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 Svenska Handelsbanken'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 Svenska Handelsbanken PK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.4 |
Svenska Handelsbanken Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Svenska Handelsbanken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Svenska Handelsbanken's standard deviation. In reality, there are many statistical measures that can use Svenska Handelsbanken historical prices to predict the future Svenska Handelsbanken's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.1054 |
Svenska Handelsbanken Backtested Returns
Svenska Handelsbanken owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0119, which indicates the firm had a -0.0119% return per unit of risk over the last 3 months. Svenska Handelsbanken PK exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Svenska Handelsbanken's Variance of 2.11, insignificant risk adjusted performance, and Coefficient Of Variation of (10,455) to confirm the risk estimate we provide. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Svenska Handelsbanken are expected to decrease at a much lower rate. During the bear market, Svenska Handelsbanken is likely to outperform the market. At this point, Svenska Handelsbanken has a negative expected return of -0.0175%. Please make sure to validate Svenska Handelsbanken's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Svenska Handelsbanken performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Svenska Handelsbanken PK has good predictability. Overlapping area represents the amount of predictability between Svenska Handelsbanken time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Svenska Handelsbanken price movement. The serial correlation of 0.73 indicates that around 73.0% of current Svenska Handelsbanken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Svenska Handelsbanken lagged returns against current returns
Autocorrelation, which is Svenska Handelsbanken 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 Svenska Handelsbanken's pink sheet expected returns. We can calculate the autocorrelation of Svenska Handelsbanken returns to help us make a trade decision. For example, suppose you find that Svenska Handelsbanken 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 |
Svenska Handelsbanken 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 Svenska Handelsbanken pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Svenska Handelsbanken pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Svenska Handelsbanken pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Svenska Handelsbanken Lagged Returns
When evaluating Svenska Handelsbanken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Svenska Handelsbanken pink sheet have on its future price. Svenska Handelsbanken 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, Svenska Handelsbanken autocorrelation shows the relationship between Svenska Handelsbanken pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Svenska Handelsbanken PK.
Regressed Prices |
| Timeline |
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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 Svenska Pink Sheet Analysis
When running Svenska Handelsbanken's price analysis, check to measure Svenska Handelsbanken'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 Svenska Handelsbanken is operating at the current time. Most of Svenska Handelsbanken's value examination focuses on studying past and present price action to predict the probability of Svenska Handelsbanken's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Svenska Handelsbanken's price. Additionally, you may evaluate how the addition of Svenska Handelsbanken to your portfolios can decrease your overall portfolio volatility.