Oriola KD (Finland) Market Value
| OKDBV Stock | EUR 0.93 0.01 1.06% |
| Symbol | Oriola |
Oriola KD '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 Oriola KD'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 Oriola KD.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Oriola KD on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Oriola KD Oyj B or generate 0.0% return on investment in Oriola KD over 690 days. Oriola KD is related to or competes with Telia Company, Orion Oyj, Wartsila Oyj, Tokmanni Group, and YIT Oyj. Oriola Oyj operates in the pharmaceutical distribution and retail markets More
Oriola KD 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 Oriola KD'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 Oriola KD Oyj B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.1 |
Oriola KD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oriola KD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oriola KD's standard deviation. In reality, there are many statistical measures that can use Oriola KD historical prices to predict the future Oriola KD's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 11.76 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oriola KD'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.
Oriola KD Oyj Backtested Returns
Oriola KD Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.0427, which implies the firm had a -0.0427% return per unit of risk over the last 3 months. Oriola KD Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oriola KD's Risk Adjusted Performance of (0.03), variance of 1.04, and Coefficient Of Variation of (2,380) to confirm the risk estimate we provide. The company holds a Beta of -0.0045, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oriola KD are expected to decrease at a much lower rate. During the bear market, Oriola KD is likely to outperform the market. At this point, Oriola KD Oyj has a negative expected return of -0.0443%. Please make sure to check Oriola KD's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Oriola KD Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Oriola KD Oyj B has good predictability. Overlapping area represents the amount of predictability between Oriola KD time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Oriola KD Oyj price movement. The serial correlation of 0.67 indicates that around 67.0% of current Oriola KD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oriola KD Oyj lagged returns against current returns
Autocorrelation, which is Oriola KD 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 Oriola KD's stock expected returns. We can calculate the autocorrelation of Oriola KD returns to help us make a trade decision. For example, suppose you find that Oriola KD 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 |
Oriola KD 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 Oriola KD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oriola KD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oriola KD stock over time.
Current vs Lagged Prices |
| Timeline |
Oriola KD Lagged Returns
When evaluating Oriola KD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oriola KD stock have on its future price. Oriola KD 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, Oriola KD autocorrelation shows the relationship between Oriola KD stock current value and its past values and can show if there is a momentum factor associated with investing in Oriola KD Oyj B.
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 Oriola Stock
Oriola KD financial ratios help investors to determine whether Oriola 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 Oriola with respect to the benefits of owning Oriola KD security.