Consti Yhtiot (Finland) Market Value
| CONSTI Stock | EUR 10.10 0.10 0.98% |
| Symbol | Consti |
Consti Yhtiot '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 Consti Yhtiot'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 Consti Yhtiot.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Consti Yhtiot on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Consti Yhtiot Oy or generate 0.0% return on investment in Consti Yhtiot over 30 days. Consti Yhtiot is related to or competes with Aktia Bank, Alandsbanken Abp, Alandsbanken Abp, Sampo Oyj, Viafin Service, Viking Line, and KONE Oyj. Consti Yhtit Oyj provides renovation and technical building services in Finland More
Consti Yhtiot 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 Consti Yhtiot'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 Consti Yhtiot Oy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.09 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.59 |
Consti Yhtiot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consti Yhtiot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consti Yhtiot's standard deviation. In reality, there are many statistical measures that can use Consti Yhtiot historical prices to predict the future Consti Yhtiot's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consti Yhtiot'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.
Consti Yhtiot Oy Backtested Returns
At this point, Consti Yhtiot is not too volatile. Consti Yhtiot Oy secures Sharpe Ratio (or Efficiency) of 0.025, which signifies that the company had a 0.025% return per unit of risk over the last 3 months. We have found thirty technical indicators for Consti Yhtiot Oy, which you can use to evaluate the volatility of the firm. Please confirm Consti Yhtiot's Downside Deviation of 1.61, risk adjusted performance of 0.0271, and Mean Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0359%. Consti Yhtiot has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Consti Yhtiot are expected to decrease at a much lower rate. During the bear market, Consti Yhtiot is likely to outperform the market. Consti Yhtiot Oy right now shows a risk of 1.44%. Please confirm Consti Yhtiot Oy maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Consti Yhtiot Oy will be following its price patterns.
Auto-correlation | 0.85 |
Very good predictability
Consti Yhtiot Oy has very good predictability. Overlapping area represents the amount of predictability between Consti Yhtiot time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Consti Yhtiot Oy price movement. The serial correlation of 0.85 indicates that around 85.0% of current Consti Yhtiot price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Consti Yhtiot Oy lagged returns against current returns
Autocorrelation, which is Consti Yhtiot 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 Consti Yhtiot's stock expected returns. We can calculate the autocorrelation of Consti Yhtiot returns to help us make a trade decision. For example, suppose you find that Consti Yhtiot 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 |
Consti Yhtiot 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 Consti Yhtiot stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consti Yhtiot stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consti Yhtiot stock over time.
Current vs Lagged Prices |
| Timeline |
Consti Yhtiot Lagged Returns
When evaluating Consti Yhtiot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consti Yhtiot stock have on its future price. Consti Yhtiot 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, Consti Yhtiot autocorrelation shows the relationship between Consti Yhtiot stock current value and its past values and can show if there is a momentum factor associated with investing in Consti Yhtiot Oy.
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 Consti Stock
Consti Yhtiot financial ratios help investors to determine whether Consti 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 Consti with respect to the benefits of owning Consti Yhtiot security.