Bonava AB (Sweden) Market Value
| BONAV-B Stock | SEK 8.11 0.02 0.25% |
| Symbol | Bonava |
Bonava AB '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 Bonava AB'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 Bonava AB.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Bonava AB on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Bonava AB or generate 0.0% return on investment in Bonava AB over 30 days. Bonava AB is related to or competes with NCC AB, Peab AB, Nobia AB, JM AB, and Intrum Justitia. Bonava AB develops and sells housing units in Sweden, Germany, Finland, Denmark, Norway, St More
Bonava AB 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 Bonava AB'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 Bonava AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 4.52 |
Bonava AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonava AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonava AB's standard deviation. In reality, there are many statistical measures that can use Bonava AB historical prices to predict the future Bonava AB's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | 0.0246 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3801 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bonava AB'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.
Bonava AB Backtested Returns
At this point, Bonava AB is somewhat reliable. Bonava AB secures Sharpe Ratio (or Efficiency) of 0.0078, which signifies that the company had a 0.0078% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bonava AB, which you can use to evaluate the volatility of the firm. Please confirm Bonava AB's Mean Deviation of 2.11, downside deviation of 2.81, and Risk Adjusted Performance of 0.0194 to double-check if the risk estimate we provide is consistent with the expected return of 0.0215%. The firm shows a Beta (market volatility) of 0.0925, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bonava AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonava AB is expected to be smaller as well. Bonava AB right now shows a risk of 2.73%. Please confirm Bonava AB semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Bonava AB will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Bonava AB has good reverse predictability. Overlapping area represents the amount of predictability between Bonava AB time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Bonava AB price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Bonava AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bonava AB lagged returns against current returns
Autocorrelation, which is Bonava AB 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 Bonava AB's stock expected returns. We can calculate the autocorrelation of Bonava AB returns to help us make a trade decision. For example, suppose you find that Bonava AB 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 |
Bonava AB 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 Bonava AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonava AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonava AB stock over time.
Current vs Lagged Prices |
| Timeline |
Bonava AB Lagged Returns
When evaluating Bonava AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonava AB stock have on its future price. Bonava AB 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, Bonava AB autocorrelation shows the relationship between Bonava AB stock current value and its past values and can show if there is a momentum factor associated with investing in Bonava AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Bonava Stock
Bonava AB financial ratios help investors to determine whether Bonava Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bonava with respect to the benefits of owning Bonava AB security.