EQ Oyj (Finland) Market Value
| EQV1V Stock | EUR 12.70 0.15 1.17% |
| Symbol | EQV1V |
EQ 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 EQ 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 EQ Oyj.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in EQ Oyj on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding eQ Oyj or generate 0.0% return on investment in EQ Oyj over 690 days. EQ Oyj is related to or competes with CapMan Oyj, Revenio, Qt Group, Tokmanni Group, and Talenom Oyj. The firm through its subsidiaries provides asset management, corporate finance and investments More
EQ 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 EQ 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 eQ Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.78 |
EQ Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQ Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQ Oyj's standard deviation. In reality, there are many statistical measures that can use EQ Oyj historical prices to predict the future EQ Oyj's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EQ 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.
eQ Oyj Backtested Returns
eQ Oyj retains Efficiency (Sharpe Ratio) of -0.1, which denotes the company had a -0.1% return per unit of price deviation over the last 3 months. EQ Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EQ Oyj's Coefficient Of Variation of (1,056), variance of 0.9711, and Risk Adjusted Performance of (0.07) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, EQ Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding EQ Oyj is expected to be smaller as well. At this point, eQ Oyj has a negative expected return of -0.1%. Please make sure to confirm EQ Oyj's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if eQ Oyj performance from the past will be repeated sooner or later.
Auto-correlation | 0.38 |
Below average predictability
eQ Oyj has below average predictability. Overlapping area represents the amount of predictability between EQ Oyj time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 eQ Oyj price movement. The serial correlation of 0.38 indicates that just about 38.0% of current EQ Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
eQ Oyj lagged returns against current returns
Autocorrelation, which is EQ 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 EQ Oyj's stock expected returns. We can calculate the autocorrelation of EQ Oyj returns to help us make a trade decision. For example, suppose you find that EQ 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 |
EQ 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 EQ Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQ Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQ Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
EQ Oyj Lagged Returns
When evaluating EQ Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQ Oyj stock have on its future price. EQ 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, EQ Oyj autocorrelation shows the relationship between EQ Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in eQ 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 EQV1V Stock
EQ Oyj financial ratios help investors to determine whether EQV1V 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 EQV1V with respect to the benefits of owning EQ Oyj security.