Aspo Oyj (Finland) Market Value
| ASPO Stock | EUR 5.06 0.04 0.78% |
| Symbol | Aspo |
Aspo 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 Aspo 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 Aspo Oyj.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aspo Oyj on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aspo Oyj or generate 0.0% return on investment in Aspo Oyj over 30 days. Aspo Oyj is related to or competes with Tokmanni Group, Kemira Oyj, TietoEVRY Corp, and CapMan Oyj. Aspo Oyj owns and develops corporate brands in Finland, Scandinavia, the Baltic countries, Russia, Ukraine, other CIS co... More
Aspo 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 Aspo 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 Aspo Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 4.38 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.32 |
Aspo Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspo Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspo Oyj's standard deviation. In reality, there are many statistical measures that can use Aspo Oyj historical prices to predict the future Aspo Oyj's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 2.56 |
Aspo Oyj Backtested Returns
Aspo Oyj secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25% return per unit of risk over the last 3 months. Aspo Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aspo Oyj's Standard Deviation of 0.9785, mean deviation of 0.7616, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0923, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aspo Oyj are expected to decrease at a much lower rate. During the bear market, Aspo Oyj is likely to outperform the market. At this point, Aspo Oyj has a negative expected return of -0.25%. Please make sure to confirm Aspo Oyj's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Aspo Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Aspo Oyj has good predictability. Overlapping area represents the amount of predictability between Aspo Oyj time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Aspo Oyj price movement. The serial correlation of 0.78 indicates that around 78.0% of current Aspo Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aspo Oyj lagged returns against current returns
Autocorrelation, which is Aspo 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 Aspo Oyj's stock expected returns. We can calculate the autocorrelation of Aspo Oyj returns to help us make a trade decision. For example, suppose you find that Aspo 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 |
Aspo 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 Aspo Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspo Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspo Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Aspo Oyj Lagged Returns
When evaluating Aspo Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspo Oyj stock have on its future price. Aspo 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, Aspo Oyj autocorrelation shows the relationship between Aspo Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Aspo 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 Aspo Stock
Aspo Oyj financial ratios help investors to determine whether Aspo 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 Aspo with respect to the benefits of owning Aspo Oyj security.