Bravida Holding (Sweden) Market Value
| BRAV Stock | SEK 75.50 0.70 0.92% |
| Symbol | Bravida |
Bravida Holding '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 Bravida Holding'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 Bravida Holding.
| 05/15/2022 |
| 05/04/2024 |
If you would invest 0.00 in Bravida Holding on May 15, 2022 and sell it all today you would earn a total of 0.00 from holding Bravida Holding AB or generate 0.0% return on investment in Bravida Holding over 720 days. Bravida Holding is related to or competes with Ambu AS, Bavarian Nordic, Fingerprint Cards, Zealand Pharma, and FLSmidth. Bravida Holding AB provides technical services and installations for buildings and industrial facilities in Sweden, Norw... More
Bravida Holding 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 Bravida Holding'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 Bravida Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.55 |
Bravida Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bravida Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bravida Holding's standard deviation. In reality, there are many statistical measures that can use Bravida Holding historical prices to predict the future Bravida Holding's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0044 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bravida Holding's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bravida Holding AB Backtested Returns
We consider Bravida Holding very steady. Bravida Holding AB secures Sharpe Ratio (or Efficiency) of 0.011, which signifies that the company had a 0.011% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Bravida Holding AB, which you can use to evaluate the volatility of the firm. Please confirm Bravida Holding's mean deviation of 1.75, and Risk Adjusted Performance of 0.0093 to double-check if the risk estimate we provide is consistent with the expected return of 0.0317%. The firm shows a Beta (market volatility) of -0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bravida Holding are expected to decrease at a much lower rate. During the bear market, Bravida Holding is likely to outperform the market. Bravida Holding AB right now shows a risk of 2.88%. Please confirm Bravida Holding AB semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Bravida Holding AB will be following its price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Bravida Holding AB has modest reverse predictability. Overlapping area represents the amount of predictability between Bravida Holding time series from 15th of May 2022 to 10th of May 2023 and 10th of May 2023 to 4th of May 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 Bravida Holding AB price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Bravida Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 140.59 |
Bravida Holding AB lagged returns against current returns
Autocorrelation, which is Bravida Holding 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 Bravida Holding's stock expected returns. We can calculate the autocorrelation of Bravida Holding returns to help us make a trade decision. For example, suppose you find that Bravida Holding 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 |
Bravida Holding 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 Bravida Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bravida Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bravida Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Bravida Holding Lagged Returns
When evaluating Bravida Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bravida Holding stock have on its future price. Bravida Holding 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, Bravida Holding autocorrelation shows the relationship between Bravida Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Bravida Holding AB.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bravida Holding in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bravida Holding's short interest history, or implied volatility extrapolated from Bravida Holding options trading.
Pair Trading with Bravida Holding
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bravida Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bravida Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with Bravida Stock
| 0.68 | UPSALE | Upsales Technology | PairCorr |
The ability to find closely correlated positions to Bravida Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bravida Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bravida Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bravida Holding AB to buy it.
The correlation of Bravida Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bravida Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bravida Holding AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bravida Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bravida Holding Correlation, Bravida Holding Volatility and Bravida Holding Alpha and Beta module to complement your research on Bravida Holding. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Bravida Stock analysis
When running Bravida Holding's price analysis, check to measure Bravida Holding'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 Bravida Holding is operating at the current time. Most of Bravida Holding's value examination focuses on studying past and present price action to predict the probability of Bravida Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bravida Holding's price. Additionally, you may evaluate how the addition of Bravida Holding to your portfolios can decrease your overall portfolio volatility.
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Bravida Holding technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.