Metsa Board (Finland) Market Value
| METSA Stock | EUR 6.00 0.06 1.01% |
| Symbol | Metsa |
Metsa Board '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 Metsa Board'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 Metsa Board.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Metsa Board on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Metsa Board Oyj or generate 0.0% return on investment in Metsa Board over 30 days. Metsa Board is related to or competes with Stora Enso, UPM Kymmene, Huhtamaki Oyj, and Orion Oyj. Mets Board Oyj produces folding boxboard, food service boards and white kraftliners worldwide More
Metsa Board 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 Metsa Board'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 Metsa Board Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.02 |
Metsa Board Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metsa Board's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metsa Board's standard deviation. In reality, there are many statistical measures that can use Metsa Board historical prices to predict the future Metsa Board's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (293.01) |
Metsa Board Oyj Backtested Returns
Metsa Board Oyj has Sharpe Ratio of -0.28, which conveys that the firm had a -0.28% return per unit of risk over the last 3 months. Metsa Board exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metsa Board's Mean Deviation of 1.22, risk adjusted performance of (0.19), and Standard Deviation of 1.55 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0014, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metsa Board's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metsa Board is expected to be smaller as well. At this point, Metsa Board Oyj has a negative expected return of -0.43%. Please make sure to verify Metsa Board's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Metsa Board Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Metsa Board Oyj has very good predictability. Overlapping area represents the amount of predictability between Metsa Board 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 Metsa Board Oyj price movement. The serial correlation of 0.85 indicates that around 85.0% of current Metsa Board price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Metsa Board Oyj lagged returns against current returns
Autocorrelation, which is Metsa Board 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 Metsa Board's stock expected returns. We can calculate the autocorrelation of Metsa Board returns to help us make a trade decision. For example, suppose you find that Metsa Board 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 |
Metsa Board 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 Metsa Board stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metsa Board stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metsa Board stock over time.
Current vs Lagged Prices |
| Timeline |
Metsa Board Lagged Returns
When evaluating Metsa Board's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metsa Board stock have on its future price. Metsa Board 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, Metsa Board autocorrelation shows the relationship between Metsa Board stock current value and its past values and can show if there is a momentum factor associated with investing in Metsa Board 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 Metsa Stock
Metsa Board financial ratios help investors to determine whether Metsa 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 Metsa with respect to the benefits of owning Metsa Board security.