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Stockholm (Sweden) Backtesting

ST
OMXSPI -- Sweden Index  

 553.39  21.64  4.07%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Stockholm and determine expected loss or profit from investing in Stockholm over given investment horizon. Check out Stockholm Hype Analysis, Stockholm Correlation, Portfolio Optimization, Stockholm Volatility as well as analyze Stockholm Alpha and Beta and Stockholm Performance.
Symbol
Backtest

Stockholm 'What if' Analysis

0.00
01/07/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/06/2020
0.00
If you would invest  0.00  in Stockholm on January 7, 2020 and sell it all today you would earn a total of 0.00 from holding Stockholm or generate 0.0% return on investment in Stockholm over 90 days. Stockholm is related to or competes with Svenska Handelsbanken, EQT AB, Hufvudstaden, Lifco AB, Indutrade, Trelleborg, and Lundin Mining. Stockholm is entity of Sweden. It is traded as Index on Index exchange.

Stockholm Upside/Downside Indicators

Information Ratio0.0243
Maximum Drawdown20.27
Value At Risk(7.40)
Potential Upside4.3

Stockholm Market Premium Indicators

Risk Adjusted Performance(0.31)
Total Risk Alpha0.091

Stockholm Backtested Returns

Stockholm owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0678, which indicates the organization had -0.0678% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Stockholm exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The entity has a beta of 0.0, which indicates the returns on MARKET and Stockholm are completely uncorrelated. Even though it is essential to pay attention to Stockholm current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Stockholm exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.31) 
correlation synergy

Poor reverse predictability

Stockholm has poor reverse predictability. Overlapping area represents the amount of predictability between Stockholm time series from 7th of January 2020 to 21st of February 2020 and 21st of February 2020 to 6th of April 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Stockholm price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Stockholm price fluctuation can be explain by its past prices. Given that Stockholm has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Stockholm for similar time interval.
Correlation Coefficient-0.31
Spearman Rank Test-0.61
Residual Average0.0
Price Variance4705.05

Stockholm lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Stockholm regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Stockholm Lagged Returns

 Regressed Prices 
    
  Timeline 

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Check out Stockholm Hype Analysis, Stockholm Correlation, Portfolio Optimization, Stockholm Volatility as well as analyze Stockholm Alpha and Beta and Stockholm Performance. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page