Etteplan Oyj (Finland) Market Value
| ETTE Stock | EUR 10.50 0.15 1.41% |
| Symbol | Etteplan |
Etteplan 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 Etteplan 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 Etteplan Oyj.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Etteplan Oyj on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Etteplan Oyj or generate 0.0% return on investment in Etteplan Oyj over 720 days. Etteplan Oyj is related to or competes with Telefonaktiebolaget, SSAB AB, SSAB AB, Telia Company, Nokia Oyj, Nordea Bank, and Sampo Oyj. Etteplan Oyj provides industrial equipment and plant engineering, embedded systems, Internet of Things , and technical d... More
Etteplan 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 Etteplan 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 Etteplan Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 1.82 |
Etteplan Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Etteplan Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Etteplan Oyj's standard deviation. In reality, there are many statistical measures that can use Etteplan Oyj historical prices to predict the future Etteplan Oyj's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (26.76) |
Etteplan Oyj Backtested Returns
Etteplan Oyj secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Etteplan Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Etteplan Oyj's Standard Deviation of 1.6, variance of 2.57, and Mean Deviation of 1.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0093, which means not very significant fluctuations relative to the market. As returns on the market increase, Etteplan Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Etteplan Oyj is expected to be smaller as well. At this point, Etteplan Oyj has a negative expected return of -0.18%. Please make sure to confirm Etteplan Oyj's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Etteplan Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Etteplan Oyj has modest predictability. Overlapping area represents the amount of predictability between Etteplan Oyj time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Etteplan Oyj price movement. The serial correlation of 0.52 indicates that about 52.0% of current Etteplan Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Etteplan Oyj lagged returns against current returns
Autocorrelation, which is Etteplan 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 Etteplan Oyj's stock expected returns. We can calculate the autocorrelation of Etteplan Oyj returns to help us make a trade decision. For example, suppose you find that Etteplan 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 |
Etteplan 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 Etteplan Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Etteplan Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Etteplan Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Etteplan Oyj Lagged Returns
When evaluating Etteplan Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Etteplan Oyj stock have on its future price. Etteplan 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, Etteplan Oyj autocorrelation shows the relationship between Etteplan Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Etteplan 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 Etteplan Stock
Etteplan Oyj financial ratios help investors to determine whether Etteplan 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 Etteplan with respect to the benefits of owning Etteplan Oyj security.