Oma Saastopankki (Finland) Market Value
| OMASP Stock | 10.92 0.10 0.92% |
| Symbol | Oma |
Oma Saastopankki '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 Oma Saastopankki'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 Oma Saastopankki.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Oma Saastopankki on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Oma Saastopankki Oyj or generate 0.0% return on investment in Oma Saastopankki over 180 days. Oma Saastopankki is related to or competes with Kamux Suomi, Harvia Oyj, TietoEVRY Corp, Tokmanni Group, and Qt Group. More
Oma Saastopankki 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 Oma Saastopankki'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 Oma Saastopankki Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.72 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.56 |
Oma Saastopankki Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oma Saastopankki's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oma Saastopankki's standard deviation. In reality, there are many statistical measures that can use Oma Saastopankki historical prices to predict the future Oma Saastopankki's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 5.95 |
Oma Saastopankki Oyj Backtested Returns
Oma Saastopankki Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Oma Saastopankki Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oma Saastopankki's Risk Adjusted Performance of (0.11), variance of 5.95, and Coefficient Of Variation of (673.26) to confirm the risk estimate we provide. The company holds a Beta of -0.0626, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oma Saastopankki are expected to decrease at a much lower rate. During the bear market, Oma Saastopankki is likely to outperform the market. At this point, Oma Saastopankki Oyj has a negative expected return of -0.36%. Please make sure to check Oma Saastopankki's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Oma Saastopankki Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Oma Saastopankki Oyj has modest predictability. Overlapping area represents the amount of predictability between Oma Saastopankki time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Oma Saastopankki Oyj price movement. The serial correlation of 0.51 indicates that about 51.0% of current Oma Saastopankki price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
Oma Saastopankki Oyj lagged returns against current returns
Autocorrelation, which is Oma Saastopankki 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 Oma Saastopankki's stock expected returns. We can calculate the autocorrelation of Oma Saastopankki returns to help us make a trade decision. For example, suppose you find that Oma Saastopankki 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 |
Oma Saastopankki 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 Oma Saastopankki stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oma Saastopankki stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oma Saastopankki stock over time.
Current vs Lagged Prices |
| Timeline |
Oma Saastopankki Lagged Returns
When evaluating Oma Saastopankki's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oma Saastopankki stock have on its future price. Oma Saastopankki 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, Oma Saastopankki autocorrelation shows the relationship between Oma Saastopankki stock current value and its past values and can show if there is a momentum factor associated with investing in Oma Saastopankki 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 Oma Stock
Oma Saastopankki financial ratios help investors to determine whether Oma 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 Oma with respect to the benefits of owning Oma Saastopankki security.