Apetit Oyj (Finland) Market Value
| APETIT Stock | EUR 13.65 0.35 2.63% |
| Symbol | Apetit |
Apetit Oyj '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 Apetit Oyj'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 Apetit Oyj.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Apetit Oyj on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Apetit Oyj or generate 0.0% return on investment in Apetit Oyj over 180 days. Apetit Oyj is related to or competes with Atria Oyj, Raisio Oyj, Lassila Tikanoja, and Kemira Oyj. Apetit Oyj operates as a food company primarily in Finland and internationally More
Apetit Oyj 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 Apetit Oyj'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 Apetit Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.89 |
Apetit Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apetit Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apetit Oyj's standard deviation. In reality, there are many statistical measures that can use Apetit Oyj historical prices to predict the future Apetit Oyj's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2678 |
Apetit Oyj Backtested Returns
At this point, Apetit Oyj is very steady. Apetit Oyj secures Sharpe Ratio (or Efficiency) of 0.0366, which signifies that the company had a 0.0366% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Apetit Oyj, which you can use to evaluate the volatility of the firm. Please confirm Apetit Oyj's mean deviation of 0.9047, and Risk Adjusted Performance of 0.0401 to double-check if the risk estimate we provide is consistent with the expected return of 0.0409%. Apetit Oyj has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apetit Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apetit Oyj is expected to be smaller as well. Apetit Oyj right now shows a risk of 1.12%. Please confirm Apetit Oyj standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Apetit Oyj will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Apetit Oyj has insignificant predictability. Overlapping area represents the amount of predictability between Apetit Oyj 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 Apetit Oyj price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Apetit Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Apetit Oyj lagged returns against current returns
Autocorrelation, which is Apetit Oyj 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 Apetit Oyj's stock expected returns. We can calculate the autocorrelation of Apetit Oyj returns to help us make a trade decision. For example, suppose you find that Apetit Oyj 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 |
Apetit Oyj 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 Apetit Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apetit Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apetit Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Apetit Oyj Lagged Returns
When evaluating Apetit Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apetit Oyj stock have on its future price. Apetit Oyj 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, Apetit Oyj autocorrelation shows the relationship between Apetit Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Apetit 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 Apetit Stock
Apetit Oyj financial ratios help investors to determine whether Apetit 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 Apetit with respect to the benefits of owning Apetit Oyj security.