Exel Composites (Finland) Market Value
| EXL1V Stock | EUR 0.27 0.01 3.57% |
| Symbol | Exel |
Exel Composites '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 Exel Composites' 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 Exel Composites.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Exel Composites on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Exel Composites Oyj or generate 0.0% return on investment in Exel Composites over 300 days. Exel Composites is related to or competes with Aktia Bank, Alandsbanken Abp, Alandsbanken Abp, Sampo Oyj, Viafin Service, Viking Line, and KONE Oyj. Exel Composites Oyj, a composite technology company, designs, manufactures, and markets composite products and solutions... More
Exel Composites 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 Exel Composites' 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 Exel Composites Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 3.13 |
Exel Composites Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exel Composites' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exel Composites' standard deviation. In reality, there are many statistical measures that can use Exel Composites historical prices to predict the future Exel Composites' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Exel Composites' 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.
Exel Composites Oyj Backtested Returns
Exel Composites Oyj secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of risk over the last 3 months. Exel Composites Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Exel Composites' Variance of 6.61, standard deviation of 2.57, and Mean Deviation of 1.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Exel Composites' returns are expected to increase less than the market. However, during the bear market, the loss of holding Exel Composites is expected to be smaller as well. At this point, Exel Composites Oyj has a negative expected return of -0.58%. Please make sure to confirm Exel Composites' jensen alpha and the relationship between the potential upside and price action indicator , to decide if Exel Composites Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Exel Composites Oyj has insignificant reverse predictability. Overlapping area represents the amount of predictability between Exel Composites time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Exel Composites Oyj price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Exel Composites price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Exel Composites Oyj lagged returns against current returns
Autocorrelation, which is Exel Composites 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 Exel Composites' stock expected returns. We can calculate the autocorrelation of Exel Composites returns to help us make a trade decision. For example, suppose you find that Exel Composites 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 |
Exel Composites 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 Exel Composites stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exel Composites stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exel Composites stock over time.
Current vs Lagged Prices |
| Timeline |
Exel Composites Lagged Returns
When evaluating Exel Composites' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exel Composites stock have on its future price. Exel Composites 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, Exel Composites autocorrelation shows the relationship between Exel Composites stock current value and its past values and can show if there is a momentum factor associated with investing in Exel Composites 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 Exel Stock
Exel Composites financial ratios help investors to determine whether Exel 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 Exel with respect to the benefits of owning Exel Composites security.