HKFoods Oyj (Finland) Market Value
| HKFOODS Stock | 0.83 0.03 3.75% |
| Symbol | HKFoods |
HKFoods 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 HKFoods 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 HKFoods Oyj.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in HKFoods Oyj on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding HKFoods Oyj A or generate 0.0% return on investment in HKFoods Oyj over 30 days.
HKFoods 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 HKFoods 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 HKFoods Oyj A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0884 | |||
| Maximum Drawdown | 26.58 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.9 |
HKFoods Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HKFoods Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HKFoods Oyj's standard deviation. In reality, there are many statistical measures that can use HKFoods Oyj historical prices to predict the future HKFoods Oyj's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 0.4792 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1067 | |||
| Treynor Ratio | (1.16) |
HKFoods Oyj A Backtested Returns
HKFoods Oyj appears to be extremely dangerous, given 3 months investment horizon. HKFoods Oyj A holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of return volatility over the last 3 months. By examining HKFoods Oyj's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize HKFoods Oyj's Market Risk Adjusted Performance of (1.15), risk adjusted performance of 0.104, and Semi Deviation of 1.58 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HKFoods Oyj holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HKFoods Oyj are expected to decrease at a much lower rate. During the bear market, HKFoods Oyj is likely to outperform the market. Please check HKFoods Oyj's jensen alpha and the relationship between the value at risk and day median price , to make a quick decision on whether HKFoods Oyj's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
HKFoods Oyj A has good predictability. Overlapping area represents the amount of predictability between HKFoods Oyj time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 HKFoods Oyj A price movement. The serial correlation of 0.69 indicates that around 69.0% of current HKFoods Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HKFoods Oyj A lagged returns against current returns
Autocorrelation, which is HKFoods 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 HKFoods Oyj's stock expected returns. We can calculate the autocorrelation of HKFoods Oyj returns to help us make a trade decision. For example, suppose you find that HKFoods 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 |
HKFoods 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 HKFoods Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HKFoods Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HKFoods Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
HKFoods Oyj Lagged Returns
When evaluating HKFoods Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HKFoods Oyj stock have on its future price. HKFoods 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, HKFoods Oyj autocorrelation shows the relationship between HKFoods Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in HKFoods Oyj A.
Regressed Prices |
| Timeline |
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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.Additional Tools for HKFoods Stock Analysis
When running HKFoods Oyj's price analysis, check to measure HKFoods Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HKFoods Oyj is operating at the current time. Most of HKFoods Oyj's value examination focuses on studying past and present price action to predict the probability of HKFoods Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HKFoods Oyj's price. Additionally, you may evaluate how the addition of HKFoods Oyj to your portfolios can decrease your overall portfolio volatility.