Inderes Oyj (Finland) Market Value
| INDERES Stock | 19.85 0.20 1.02% |
| Symbol | Inderes |
Inderes 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 Inderes 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 Inderes Oyj.
| 02/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Inderes Oyj on February 12, 2023 and sell it all today you would earn a total of 0.00 from holding Inderes Oyj or generate 0.0% return on investment in Inderes Oyj over 660 days. Inderes Oyj is related to or competes with United Bankers, Trainers House, Detection Technology, SSH Communications, and Remedy Entertainment. More
Inderes 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 Inderes 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 Inderes Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.9 |
Inderes Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inderes Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inderes Oyj's standard deviation. In reality, there are many statistical measures that can use Inderes Oyj historical prices to predict the future Inderes Oyj's volatility.| Risk Adjusted Performance | 0.0687 | |||
| Jensen Alpha | 0.0894 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.16 |
Inderes Oyj Backtested Returns
Currently, Inderes Oyj is out of control. Inderes Oyj holds Efficiency (Sharpe) Ratio of 0.0942, which attests that the entity had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inderes Oyj, which you can use to evaluate the volatility of the firm. Please check out Inderes Oyj's Risk Adjusted Performance of 0.0687, downside deviation of 1.12, and Market Risk Adjusted Performance of 1.17 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Inderes Oyj has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0855, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inderes Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inderes Oyj is expected to be smaller as well. Inderes Oyj right now retains a risk of 1.26%. Please check out Inderes Oyj value at risk, and the relationship between the jensen alpha and skewness , to decide if Inderes Oyj will be following its current trending patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Inderes Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Inderes Oyj time series from 12th of February 2023 to 8th of January 2024 and 8th of January 2024 to 3rd of December 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 Inderes Oyj price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Inderes Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Inderes Oyj lagged returns against current returns
Autocorrelation, which is Inderes 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 Inderes Oyj's stock expected returns. We can calculate the autocorrelation of Inderes Oyj returns to help us make a trade decision. For example, suppose you find that Inderes 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 |
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Inderes 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 Inderes Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inderes Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inderes Oyj stock over time.
Current vs Lagged Prices |
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Inderes Oyj Lagged Returns
When evaluating Inderes Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inderes Oyj stock have on its future price. Inderes 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, Inderes Oyj autocorrelation shows the relationship between Inderes Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Inderes Oyj.
Regressed Prices |
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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.Additional Tools for Inderes Stock Analysis
When running Inderes Oyj's price analysis, check to measure Inderes 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 Inderes Oyj is operating at the current time. Most of Inderes Oyj's value examination focuses on studying past and present price action to predict the probability of Inderes 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 Inderes Oyj's price. Additionally, you may evaluate how the addition of Inderes Oyj to your portfolios can decrease your overall portfolio volatility.