Huhtamaki Oyj (Finland) Market Value
| HUH1V Stock | EUR 33.34 0.56 1.65% |
| Symbol | Huhtamaki |
Huhtamaki 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 Huhtamaki 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 Huhtamaki Oyj.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Huhtamaki Oyj on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Huhtamaki Oyj or generate 0.0% return on investment in Huhtamaki Oyj over 30 days. Huhtamaki Oyj is related to or competes with Valmet Oyj, and Wartsila Oyj. Huhtamki Oyj, through its subsidiaries, manufactures and sells packaging products for food and drinks worldwide More
Huhtamaki 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 Huhtamaki 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 Huhtamaki Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.07 |
Huhtamaki Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huhtamaki Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huhtamaki Oyj's standard deviation. In reality, there are many statistical measures that can use Huhtamaki Oyj historical prices to predict the future Huhtamaki Oyj's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Huhtamaki 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.
Huhtamaki Oyj Backtested Returns
Huhtamaki Oyj holds Efficiency (Sharpe) Ratio of -0.073, which attests that the entity had a -0.073% return per unit of risk over the last 3 months. Huhtamaki Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huhtamaki Oyj's Standard Deviation of 1.5, market risk adjusted performance of (0.13), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huhtamaki Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huhtamaki Oyj is expected to be smaller as well. At this point, Huhtamaki Oyj has a negative expected return of -0.11%. Please make sure to check out Huhtamaki Oyj's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Huhtamaki Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Huhtamaki Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Huhtamaki Oyj time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Huhtamaki Oyj price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Huhtamaki Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Huhtamaki Oyj lagged returns against current returns
Autocorrelation, which is Huhtamaki 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 Huhtamaki Oyj's stock expected returns. We can calculate the autocorrelation of Huhtamaki Oyj returns to help us make a trade decision. For example, suppose you find that Huhtamaki 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 |
Huhtamaki 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 Huhtamaki Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huhtamaki Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huhtamaki Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Huhtamaki Oyj Lagged Returns
When evaluating Huhtamaki Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huhtamaki Oyj stock have on its future price. Huhtamaki 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, Huhtamaki Oyj autocorrelation shows the relationship between Huhtamaki Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Huhtamaki 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 Huhtamaki Stock
Huhtamaki Oyj financial ratios help investors to determine whether Huhtamaki 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 Huhtamaki with respect to the benefits of owning Huhtamaki Oyj security.