Orion Oyj (Finland) Market Value
| ORNBV Stock | EUR 45.35 0.28 0.61% |
| Symbol | Orion |
Orion 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 Orion 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 Orion Oyj.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Orion Oyj on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Orion Oyj B or generate 0.0% return on investment in Orion Oyj over 30 days. Orion Oyj is related to or competes with Telia Company, Wartsila Oyj, Tokmanni Group, and YIT Oyj. Orion Oyj engages in the development and manufacture of pharmaceuticals, active pharmaceutical ingredients , and diagnos... More
Orion 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 Orion 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 Orion Oyj B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 1.88 |
Orion Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Oyj's standard deviation. In reality, there are many statistical measures that can use Orion Oyj historical prices to predict the future Orion Oyj's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orion Oyj'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.
Orion Oyj B Backtested Returns
Orion Oyj B maintains Sharpe Ratio (i.e., Efficiency) of -0.0258, which implies the firm had a -0.0258% return per unit of risk over the last 3 months. Orion Oyj B exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Oyj's Coefficient Of Variation of 33291.55, risk adjusted performance of 0.0071, and Semi Deviation of 1.56 to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orion Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Oyj is expected to be smaller as well. At this point, Orion Oyj B has a negative expected return of -0.0383%. Please make sure to check Orion Oyj's downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Orion Oyj B performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Orion Oyj B has average predictability. Overlapping area represents the amount of predictability between Orion Oyj time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Orion Oyj B price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Orion Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Orion Oyj B lagged returns against current returns
Autocorrelation, which is Orion 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 Orion Oyj's stock expected returns. We can calculate the autocorrelation of Orion Oyj returns to help us make a trade decision. For example, suppose you find that Orion 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 |
Orion 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 Orion Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Oyj Lagged Returns
When evaluating Orion Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Oyj stock have on its future price. Orion 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, Orion Oyj autocorrelation shows the relationship between Orion Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Oyj B.
Regressed Prices |
| Timeline |
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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 Orion Stock
Orion Oyj financial ratios help investors to determine whether Orion 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 Orion with respect to the benefits of owning Orion Oyj security.