Evli Pankki (Finland) Market Value
| EVLI Stock | EUR 17.70 0.10 0.57% |
| Symbol | Evli |
Evli Pankki '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 Evli Pankki'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 Evli Pankki.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Evli Pankki on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Evli Pankki Oyj or generate 0.0% return on investment in Evli Pankki over 90 days. Evli Pankki is related to or competes with Sampo Oyj, Tokmanni Group, Nordea Bank, TietoEVRY Corp, and CapMan Oyj. Evli Pankki Oyj provides various investment products and services to institutions, companies, and high net worth individ... More
Evli Pankki 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 Evli Pankki'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 Evli Pankki Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.62 |
Evli Pankki Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evli Pankki's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evli Pankki's standard deviation. In reality, there are many statistical measures that can use Evli Pankki historical prices to predict the future Evli Pankki's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.21) |
Evli Pankki Oyj Backtested Returns
Evli Pankki Oyj secures Sharpe Ratio (or Efficiency) of -0.048, which denotes the company had a -0.048% return per unit of risk over the last 3 months. Evli Pankki Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evli Pankki's Variance of 1.06, mean deviation of 0.7557, and Standard Deviation of 1.03 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Evli Pankki's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evli Pankki is expected to be smaller as well. At this point, Evli Pankki Oyj has a negative expected return of -0.0494%. Please make sure to confirm Evli Pankki's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Evli Pankki Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Evli Pankki Oyj has poor reverse predictability. Overlapping area represents the amount of predictability between Evli Pankki time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Evli Pankki Oyj price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Evli Pankki price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Evli Pankki Oyj lagged returns against current returns
Autocorrelation, which is Evli Pankki 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 Evli Pankki's stock expected returns. We can calculate the autocorrelation of Evli Pankki returns to help us make a trade decision. For example, suppose you find that Evli Pankki 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 |
Evli Pankki 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 Evli Pankki stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evli Pankki stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evli Pankki stock over time.
Current vs Lagged Prices |
| Timeline |
Evli Pankki Lagged Returns
When evaluating Evli Pankki's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evli Pankki stock have on its future price. Evli Pankki 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, Evli Pankki autocorrelation shows the relationship between Evli Pankki stock current value and its past values and can show if there is a momentum factor associated with investing in Evli Pankki 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 Evli Stock
Evli Pankki financial ratios help investors to determine whether Evli 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 Evli with respect to the benefits of owning Evli Pankki security.