OMX Helsinki's market value is the price at which a share of OMX Helsinki trades on a public exchange. It measures the collective expectations of OMX Helsinki 25 investors about its performance. OMX Helsinki is listed at 4347.37 as of the 25th of November 2024, which is a 0.67% up since the beginning of the trading day. The index's open price was 4318.5. With this module, you can estimate the performance of a buy and hold strategy of OMX Helsinki 25 and determine expected loss or profit from investing in OMX Helsinki over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
OMX
OMX Helsinki '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 OMX Helsinki's index 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 OMX Helsinki.
0.00
02/29/2024
No Change 0.00
0.0
In 8 months and 28 days
11/25/2024
0.00
If you would invest 0.00 in OMX Helsinki on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding OMX Helsinki 25 or generate 0.0% return on investment in OMX Helsinki over 270 days.
OMX Helsinki 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 OMX Helsinki's index 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 OMX Helsinki 25 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for OMX Helsinki's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OMX Helsinki's standard deviation. In reality, there are many statistical measures that can use OMX Helsinki historical prices to predict the future OMX Helsinki's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OMX Helsinki. Your research has to be compared to or analyzed against OMX Helsinki's peers to derive any actionable benefits. When done correctly, OMX Helsinki's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in OMX Helsinki 25.
OMX Helsinki 25 Backtested Returns
OMX Helsinki 25 maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the entity had a -0.1% return per unit of standard deviation over the last 3 months. OMX Helsinki 25 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and OMX Helsinki are completely uncorrelated.
Auto-correlation
0.58
Modest predictability
OMX Helsinki 25 has modest predictability. Overlapping area represents the amount of predictability between OMX Helsinki time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 OMX Helsinki 25 price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current OMX Helsinki price fluctuation can be explain by its past prices.
Correlation Coefficient
0.58
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
11.8 K
OMX Helsinki 25 lagged returns against current returns
Autocorrelation, which is OMX Helsinki index'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 OMX Helsinki's index expected returns. We can calculate the autocorrelation of OMX Helsinki returns to help us make a trade decision. For example, suppose you find that OMX Helsinki has exhibited high autocorrelation historically, and you observe that the index 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
OMX Helsinki 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 OMX Helsinki index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OMX Helsinki index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OMX Helsinki index over time.
Current vs Lagged Prices
Timeline
OMX Helsinki Lagged Returns
When evaluating OMX Helsinki's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OMX Helsinki index have on its future price. OMX Helsinki 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, OMX Helsinki autocorrelation shows the relationship between OMX Helsinki index current value and its past values and can show if there is a momentum factor associated with investing in OMX Helsinki 25.
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.