Fiskars Oyj (Finland) Market Value
| FSKRS Stock | EUR 14.78 0.04 0.27% |
| Symbol | Fiskars |
Fiskars 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 Fiskars 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 Fiskars Oyj.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fiskars Oyj on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fiskars Oyj Abp or generate 0.0% return on investment in Fiskars Oyj over 30 days. Fiskars Oyj is related to or competes with Wartsila Oyj, Kemira Oyj, UPM Kymmene, Sampo Oyj, and Fortum Oyj. Fiskars Oyj Abp manufactures and markets consumer products worldwide More
Fiskars 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 Fiskars 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 Fiskars Oyj Abp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.46 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.76 |
Fiskars Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fiskars Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fiskars Oyj's standard deviation. In reality, there are many statistical measures that can use Fiskars Oyj historical prices to predict the future Fiskars Oyj's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 7.34 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fiskars 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.
Fiskars Oyj Abp Backtested Returns
Fiskars Oyj Abp secures Sharpe Ratio (or Efficiency) of -0.0744, which denotes the company had a -0.0744% return per unit of risk over the last 3 months. Fiskars Oyj Abp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fiskars Oyj's Mean Deviation of 0.8184, standard deviation of 1.13, and Variance of 1.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0127, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fiskars Oyj are expected to decrease at a much lower rate. During the bear market, Fiskars Oyj is likely to outperform the market. At this point, Fiskars Oyj Abp has a negative expected return of -0.0846%. Please make sure to confirm Fiskars Oyj's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Fiskars Oyj Abp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Fiskars Oyj Abp has good predictability. Overlapping area represents the amount of predictability between Fiskars Oyj time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Fiskars Oyj Abp price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Fiskars Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Fiskars Oyj Abp lagged returns against current returns
Autocorrelation, which is Fiskars 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 Fiskars Oyj's stock expected returns. We can calculate the autocorrelation of Fiskars Oyj returns to help us make a trade decision. For example, suppose you find that Fiskars 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 |
Fiskars 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 Fiskars Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fiskars Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fiskars Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Fiskars Oyj Lagged Returns
When evaluating Fiskars Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fiskars Oyj stock have on its future price. Fiskars 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, Fiskars Oyj autocorrelation shows the relationship between Fiskars Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Fiskars Oyj Abp.
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 Fiskars Stock
Fiskars Oyj financial ratios help investors to determine whether Fiskars 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 Fiskars with respect to the benefits of owning Fiskars Oyj security.