Fondia Oyj (Finland) Market Value
| FONDIA Stock | EUR 5.00 0.75 13.04% |
| Symbol | Fondia |
Fondia 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 Fondia 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 Fondia Oyj.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fondia Oyj on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fondia Oyj or generate 0.0% return on investment in Fondia Oyj over 30 days. Fondia Oyj is related to or competes with Admicom Oyj, Talenom Oyj, Vincit Group, Harvia Oyj, and Remedy Entertainment. Fondia Oyj provides legal services primarily in Finland, Sweden, Estonia, and Lithuania More
Fondia 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 Fondia 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 Fondia Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.56 |
Fondia Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fondia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fondia Oyj's standard deviation. In reality, there are many statistical measures that can use Fondia Oyj historical prices to predict the future Fondia Oyj's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 0.9744 |
Fondia Oyj Backtested Returns
Fondia Oyj secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Fondia Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fondia Oyj's Mean Deviation of 1.51, variance of 5.15, and Standard Deviation of 2.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fondia Oyj are expected to decrease at a much lower rate. During the bear market, Fondia Oyj is likely to outperform the market. At this point, Fondia Oyj has a negative expected return of -0.37%. Please make sure to confirm Fondia Oyj's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Fondia Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Fondia Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Fondia Oyj time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Fondia Oyj price movement. The serial correlation of -0.23 indicates that over 23.0% of current Fondia Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Fondia Oyj lagged returns against current returns
Autocorrelation, which is Fondia 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 Fondia Oyj's stock expected returns. We can calculate the autocorrelation of Fondia Oyj returns to help us make a trade decision. For example, suppose you find that Fondia 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 |
Fondia 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 Fondia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fondia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fondia Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Fondia Oyj Lagged Returns
When evaluating Fondia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fondia Oyj stock have on its future price. Fondia 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, Fondia Oyj autocorrelation shows the relationship between Fondia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Fondia 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 Fondia Stock
Fondia Oyj financial ratios help investors to determine whether Fondia 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 Fondia with respect to the benefits of owning Fondia Oyj security.