Svenska Handelsbanken (Sweden) Market Value
| SHB-B Stock | SEK 184.00 2.00 1.10% |
| 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 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 Svenska Handelsbanken.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Svenska Handelsbanken on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Svenska Handelsbanken AB or generate 0.0% return on investment in Svenska Handelsbanken over 90 days. Svenska Handelsbanken is related to or competes with Svenska Handelsbanken, Nordea Bank, Atlas Copco, Skandinaviska Enskilda, and Skanska AB. 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 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 Svenska Handelsbanken AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7765 | |||
| Information Ratio | 0.3145 | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 2.76 |
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 | 0.2334 | |||
| Jensen Alpha | 0.3677 | |||
| Total Risk Alpha | 0.3658 | |||
| Sortino Ratio | 0.472 | |||
| Treynor Ratio | (19.87) |
Svenska Handelsbanken Backtested Returns
Svenska Handelsbanken appears to be very steady, given 3 months investment horizon. Svenska Handelsbanken owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.38, which indicates the firm had a 0.38 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Svenska Handelsbanken AB, which you can use to evaluate the volatility of the company. Please review Svenska Handelsbanken's Risk Adjusted Performance of 0.2334, downside deviation of 0.7765, and Standard Deviation of 1.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Svenska Handelsbanken holds a performance score of 29. The entity has a beta of -0.0185, 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. Please check Svenska Handelsbanken's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Svenska Handelsbanken's existing price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Svenska Handelsbanken AB has good predictability. Overlapping area represents the amount of predictability between Svenska Handelsbanken time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 2025. 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 0.74 indicates that around 74.0% of current Svenska Handelsbanken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 60.63 |
Svenska Handelsbanken lagged returns against current returns
Autocorrelation, which is Svenska Handelsbanken 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 Svenska Handelsbanken's stock 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 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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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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Svenska Handelsbanken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Svenska Handelsbanken stock over time.
Current vs Lagged Prices |
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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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Svenska Handelsbanken AB.
Regressed Prices |
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Additional Tools for Svenska Stock 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.