Metso Oyj (Finland) Market Value
| METSO Stock | EUR 8.10 0.03 0.37% |
| Symbol | Metso |
Metso 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 Metso 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 Metso Oyj.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Metso Oyj on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Metso Oyj or generate 0.0% return on investment in Metso Oyj over 30 days. Metso Oyj is related to or competes with Aspo Oyj, Vaisala Oyj, Sanoma Oyj, KONE Oyj, Exel Composites, Sitowise Group, and Oma Saastopankki. Metso Corporation, an industrial company, provides equipment and services for the mining, aggregates, recycling, and pro... More
Metso 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 Metso 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 Metso Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.35 |
Metso Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metso Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metso Oyj's standard deviation. In reality, there are many statistical measures that can use Metso Oyj historical prices to predict the future Metso Oyj's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.31) |
Metso Oyj Backtested Returns
Metso Oyj has Sharpe Ratio of -0.0783, which conveys that the firm had a -0.0783% return per unit of risk over the last 3 months. Metso Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metso Oyj's Standard Deviation of 1.97, mean deviation of 1.48, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metso Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metso Oyj is expected to be smaller as well. At this point, Metso Oyj has a negative expected return of -0.15%. Please make sure to verify Metso Oyj's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Metso Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Metso Oyj has below average predictability. Overlapping area represents the amount of predictability between Metso 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 Metso Oyj price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Metso Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Metso Oyj lagged returns against current returns
Autocorrelation, which is Metso 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 Metso Oyj's stock expected returns. We can calculate the autocorrelation of Metso Oyj returns to help us make a trade decision. For example, suppose you find that Metso 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 |
Metso 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 Metso Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metso Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metso Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Metso Oyj Lagged Returns
When evaluating Metso Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metso Oyj stock have on its future price. Metso 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, Metso Oyj autocorrelation shows the relationship between Metso Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Metso 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 Metso Stock
Metso Oyj financial ratios help investors to determine whether Metso 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 Metso with respect to the benefits of owning Metso Oyj security.