Detection Technology (Finland) Market Value
| DETEC Stock | EUR 13.80 0.05 0.36% |
| Symbol | Detection |
Detection Technology '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 Detection Technology'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 Detection Technology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Detection Technology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Detection Technology OY or generate 0.0% return on investment in Detection Technology over 30 days. Detection Technology is related to or competes with Revenio, Remedy Entertainment, Bittium Oyj, Gofore Oyj, and Qt Group. Detection Technology Oyj provides X-ray detector solutions for medical, security, and industrial applications in approxi... More
Detection Technology 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 Detection Technology'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 Detection Technology OY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 2.5 |
Detection Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Detection Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Detection Technology's standard deviation. In reality, there are many statistical measures that can use Detection Technology historical prices to predict the future Detection Technology's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Detection Technology'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.
Detection Technology Backtested Returns
Detection Technology secures Sharpe Ratio (or Efficiency) of -0.28, which denotes the company had a -0.28% return per unit of risk over the last 3 months. Detection Technology OY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Detection Technology's Variance of 3.47, standard deviation of 1.86, and Mean Deviation of 1.37 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Detection Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Detection Technology is expected to be smaller as well. At this point, Detection Technology has a negative expected return of -0.46%. Please make sure to confirm Detection Technology's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Detection Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Detection Technology OY has modest predictability. Overlapping area represents the amount of predictability between Detection Technology 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 Detection Technology price movement. The serial correlation of 0.52 indicates that about 52.0% of current Detection Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Detection Technology lagged returns against current returns
Autocorrelation, which is Detection Technology 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 Detection Technology's stock expected returns. We can calculate the autocorrelation of Detection Technology returns to help us make a trade decision. For example, suppose you find that Detection Technology 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 |
Detection Technology 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 Detection Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Detection Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Detection Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Detection Technology Lagged Returns
When evaluating Detection Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Detection Technology stock have on its future price. Detection Technology 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, Detection Technology autocorrelation shows the relationship between Detection Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Detection Technology 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 Detection Stock
Detection Technology financial ratios help investors to determine whether Detection 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 Detection with respect to the benefits of owning Detection Technology security.