Asuntosalkku Oyj (Finland) Market Value
| ASUNTO Stock | 77.50 2.00 2.65% |
| Symbol | Asuntosalkku |
Asuntosalkku 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 Asuntosalkku 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 Asuntosalkku Oyj.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Asuntosalkku Oyj on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asuntosalkku Oyj or generate 0.0% return on investment in Asuntosalkku Oyj over 30 days.
Asuntosalkku 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 Asuntosalkku 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 Asuntosalkku Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.05 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.65 |
Asuntosalkku Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuntosalkku Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuntosalkku Oyj's standard deviation. In reality, there are many statistical measures that can use Asuntosalkku Oyj historical prices to predict the future Asuntosalkku Oyj's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.0857 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asuntosalkku Oyj'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.
Asuntosalkku Oyj Backtested Returns
At this point, Asuntosalkku Oyj is very steady. Asuntosalkku Oyj secures Sharpe Ratio (or Efficiency) of 0.0406, which signifies that the company had a 0.0406% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Asuntosalkku Oyj, which you can use to evaluate the volatility of the firm. Please confirm Asuntosalkku Oyj's Mean Deviation of 1.09, insignificant risk adjusted performance, and Standard Deviation of 1.63 to double-check if the risk estimate we provide is consistent with the expected return of 0.0617%. Asuntosalkku Oyj has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asuntosalkku Oyj are expected to decrease at a much lower rate. During the bear market, Asuntosalkku Oyj is likely to outperform the market. Asuntosalkku Oyj right now shows a risk of 1.52%. Please confirm Asuntosalkku Oyj total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Asuntosalkku Oyj will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Asuntosalkku Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Asuntosalkku Oyj time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Asuntosalkku Oyj price movement. The serial correlation of -0.55 indicates that about 55.0% of current Asuntosalkku Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Asuntosalkku Oyj lagged returns against current returns
Autocorrelation, which is Asuntosalkku 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 Asuntosalkku Oyj's stock expected returns. We can calculate the autocorrelation of Asuntosalkku Oyj returns to help us make a trade decision. For example, suppose you find that Asuntosalkku 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 |
Asuntosalkku 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 Asuntosalkku Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuntosalkku Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuntosalkku Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Asuntosalkku Oyj Lagged Returns
When evaluating Asuntosalkku Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuntosalkku Oyj stock have on its future price. Asuntosalkku 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, Asuntosalkku Oyj autocorrelation shows the relationship between Asuntosalkku Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Asuntosalkku Oyj.
Regressed Prices |
| Timeline |