Heimstaden (Sweden) Market Value
| HEIM-PREF | SEK 14.86 0.50 3.48% |
| Symbol | Heimstaden |
Heimstaden '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 Heimstaden'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 Heimstaden.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Heimstaden on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Heimstaden AB Pfd or generate 0.0% return on investment in Heimstaden over 540 days. Heimstaden is related to or competes with Fastighets, Fabege AB, Wihlborgs Fastigheter, and Castellum. Heimstaden AB , through its subsidiaries, owns, develops, operates, and manages real estate properties in Sweden, Denmar... More
Heimstaden 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 Heimstaden'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 Heimstaden AB Pfd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 3.48 |
Heimstaden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heimstaden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heimstaden's standard deviation. In reality, there are many statistical measures that can use Heimstaden historical prices to predict the future Heimstaden's volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.0913 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.08) |
Heimstaden AB Pfd Backtested Returns
Currently, Heimstaden AB Pfd is not too volatile. Heimstaden AB Pfd holds Efficiency (Sharpe) Ratio of 0.0606, which attests that the entity had a 0.0606% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Heimstaden AB Pfd, which you can use to evaluate the volatility of the firm. Please check out Heimstaden's Risk Adjusted Performance of 0.0419, market risk adjusted performance of (1.07), and Downside Deviation of 2.16 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Heimstaden has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0764, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heimstaden are expected to decrease at a much lower rate. During the bear market, Heimstaden is likely to outperform the market. Heimstaden AB Pfd right now retains a risk of 1.98%. Please check out Heimstaden downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Heimstaden will be following its current trending patterns.
Auto-correlation | 0.36 |
Below average predictability
Heimstaden AB Pfd has below average predictability. Overlapping area represents the amount of predictability between Heimstaden time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Heimstaden AB Pfd price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Heimstaden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 8.55 |
Heimstaden AB Pfd lagged returns against current returns
Autocorrelation, which is Heimstaden 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 Heimstaden's stock expected returns. We can calculate the autocorrelation of Heimstaden returns to help us make a trade decision. For example, suppose you find that Heimstaden 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 |
Heimstaden 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 Heimstaden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heimstaden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heimstaden stock over time.
Current vs Lagged Prices |
| Timeline |
Heimstaden Lagged Returns
When evaluating Heimstaden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heimstaden stock have on its future price. Heimstaden 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, Heimstaden autocorrelation shows the relationship between Heimstaden stock current value and its past values and can show if there is a momentum factor associated with investing in Heimstaden AB Pfd.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Heimstaden Stock Analysis
When running Heimstaden's price analysis, check to measure Heimstaden'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 Heimstaden is operating at the current time. Most of Heimstaden's value examination focuses on studying past and present price action to predict the probability of Heimstaden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heimstaden's price. Additionally, you may evaluate how the addition of Heimstaden to your portfolios can decrease your overall portfolio volatility.