Kemira Oyj (Finland) Market Value
| KEMIRA Stock | EUR 18.69 0.11 0.59% |
| Symbol | Kemira |
Kemira 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 Kemira 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 Kemira Oyj.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kemira Oyj on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kemira Oyj or generate 0.0% return on investment in Kemira Oyj over 180 days. Kemira Oyj is related to or competes with Valmet Oyj, and Wartsila Oyj. Kemira Oyj operates as a chemicals company in Europe, the Middle East, Africa, the Americas, and the Asia Pacific More
Kemira 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 Kemira 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 Kemira Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.48 |
Kemira Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kemira Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kemira Oyj's standard deviation. In reality, there are many statistical measures that can use Kemira Oyj historical prices to predict the future Kemira Oyj's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.26) |
Kemira Oyj Backtested Returns
Kemira Oyj has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Kemira Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kemira Oyj's Standard Deviation of 1.38, risk adjusted performance of (0.09), and Mean Deviation of 1.1 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kemira Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kemira Oyj is expected to be smaller as well. At this point, Kemira Oyj has a negative expected return of -0.23%. Please make sure to verify Kemira Oyj's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Kemira Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Kemira Oyj has average predictability. Overlapping area represents the amount of predictability between Kemira Oyj time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Kemira Oyj price movement. The serial correlation of 0.48 indicates that about 48.0% of current Kemira Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Kemira Oyj lagged returns against current returns
Autocorrelation, which is Kemira 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 Kemira Oyj's stock expected returns. We can calculate the autocorrelation of Kemira Oyj returns to help us make a trade decision. For example, suppose you find that Kemira 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 |
Kemira 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 Kemira Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kemira Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kemira Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Kemira Oyj Lagged Returns
When evaluating Kemira Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kemira Oyj stock have on its future price. Kemira 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, Kemira Oyj autocorrelation shows the relationship between Kemira Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Kemira 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 Kemira Stock
Kemira Oyj financial ratios help investors to determine whether Kemira 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 Kemira with respect to the benefits of owning Kemira Oyj security.