Afarak Group (Finland) Market Value
| AFAGR Stock | EUR 0.25 0.01 3.85% |
| Symbol | Afarak |
Afarak Group '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 Afarak Group'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 Afarak Group.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Afarak Group on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Afarak Group Oyj or generate 0.0% return on investment in Afarak Group over 180 days. Afarak Group is related to or competes with Outokumpu Oyj, SSAB AB, and Bittium Oyj. Afarak Group Oyj engages in production and supply of chrome products worldwide More
Afarak Group 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 Afarak Group'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 Afarak Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
Afarak Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afarak Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afarak Group's standard deviation. In reality, there are many statistical measures that can use Afarak Group historical prices to predict the future Afarak Group's volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | 0.0569 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.30) |
Afarak Group Oyj Backtested Returns
Afarak Group Oyj secures Sharpe Ratio (or Efficiency) of -0.0217, which signifies that the company had a -0.0217% return per unit of standard deviation over the last 3 months. Afarak Group Oyj exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afarak Group's risk adjusted performance of 0.0197, and Mean Deviation of 2.1 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Afarak Group are expected to decrease at a much lower rate. During the bear market, Afarak Group is likely to outperform the market. At this point, Afarak Group Oyj has a negative expected return of -0.0689%. Please make sure to confirm Afarak Group's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Afarak Group Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Afarak Group Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Afarak Group time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Afarak Group Oyj price movement. The serial correlation of -0.02 indicates that only 2.0% of current Afarak Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Afarak Group Oyj lagged returns against current returns
Autocorrelation, which is Afarak Group 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 Afarak Group's stock expected returns. We can calculate the autocorrelation of Afarak Group returns to help us make a trade decision. For example, suppose you find that Afarak Group 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 |
Afarak Group 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 Afarak Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afarak Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afarak Group stock over time.
Current vs Lagged Prices |
| Timeline |
Afarak Group Lagged Returns
When evaluating Afarak Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afarak Group stock have on its future price. Afarak Group 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, Afarak Group autocorrelation shows the relationship between Afarak Group stock current value and its past values and can show if there is a momentum factor associated with investing in Afarak Group Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Afarak Stock
Afarak Group financial ratios help investors to determine whether Afarak 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 Afarak with respect to the benefits of owning Afarak Group security.