Alma Media (Finland) Market Value
| ALMA Stock | EUR 11.20 0.10 0.90% |
| Symbol | Alma |
Alma Media '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 Alma Media'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 Alma Media.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alma Media on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alma Media Oyj or generate 0.0% return on investment in Alma Media over 30 days. Alma Media is related to or competes with Tokmanni Group, Kemira Oyj, Valmet Oyj, Vaisala Oyj, CapMan Oyj, KONE Oyj, and Solteq PLC. Alma Media Oyj, a media company, provides digital and publishing services in Finland and internationally More
Alma Media 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 Alma Media'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 Alma Media Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0185 | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.65 |
Alma Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alma Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alma Media's standard deviation. In reality, there are many statistical measures that can use Alma Media historical prices to predict the future Alma Media's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.1653 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | (0.41) |
Alma Media Oyj Backtested Returns
At this point, Alma Media is not too volatile. Alma Media Oyj secures Sharpe Ratio (or Efficiency) of 0.0938, which signifies that the company had a 0.0938% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alma Media Oyj, which you can use to evaluate the volatility of the firm. Please confirm Alma Media's Mean Deviation of 1.34, risk adjusted performance of 0.0664, and Downside Deviation of 1.67 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Alma Media has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alma Media are expected to decrease at a much lower rate. During the bear market, Alma Media is likely to outperform the market. Alma Media Oyj right now shows a risk of 1.81%. Please confirm Alma Media Oyj coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Alma Media Oyj will be following its price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Alma Media Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Alma Media time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Alma Media Oyj price movement. The serial correlation of -0.02 indicates that only 2.0% of current Alma Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Alma Media Oyj lagged returns against current returns
Autocorrelation, which is Alma Media 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 Alma Media's stock expected returns. We can calculate the autocorrelation of Alma Media returns to help us make a trade decision. For example, suppose you find that Alma Media 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 |
Alma Media 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 Alma Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alma Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alma Media stock over time.
Current vs Lagged Prices |
| Timeline |
Alma Media Lagged Returns
When evaluating Alma Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alma Media stock have on its future price. Alma Media 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, Alma Media autocorrelation shows the relationship between Alma Media stock current value and its past values and can show if there is a momentum factor associated with investing in Alma Media 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 Alma Stock
Alma Media financial ratios help investors to determine whether Alma 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 Alma with respect to the benefits of owning Alma Media security.