Orthex Oyj (Finland) Market Value
| ORTHEX Stock | EUR 5.16 0.18 3.37% |
| Symbol | Orthex |
Orthex 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 Orthex 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 Orthex Oyj.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Orthex Oyj on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Orthex Oyj or generate 0.0% return on investment in Orthex Oyj over 30 days. Orthex Oyj is related to or competes with Harvia Oyj, Tokmanni Group, Kamux Suomi, and Spinnova. Orthex Oyj, a houseware company, designs, produces, and sells household products in Finland More
Orthex 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 Orthex 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 Orthex Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.46 |
Orthex Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orthex Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orthex Oyj's standard deviation. In reality, there are many statistical measures that can use Orthex Oyj historical prices to predict the future Orthex Oyj's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.83 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orthex 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.
Orthex Oyj Backtested Returns
Orthex Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Orthex Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orthex Oyj's Coefficient Of Variation of (1,138), variance of 4.23, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orthex Oyj are expected to decrease at a much lower rate. During the bear market, Orthex Oyj is likely to outperform the market. At this point, Orthex Oyj has a negative expected return of -0.2%. Please make sure to check Orthex Oyj's kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Orthex Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Orthex Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between Orthex Oyj time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Orthex Oyj price movement. The serial correlation of -0.48 indicates that about 48.0% of current Orthex Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Orthex Oyj lagged returns against current returns
Autocorrelation, which is Orthex 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 Orthex Oyj's stock expected returns. We can calculate the autocorrelation of Orthex Oyj returns to help us make a trade decision. For example, suppose you find that Orthex 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 |
Orthex 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 Orthex Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orthex Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orthex Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Orthex Oyj Lagged Returns
When evaluating Orthex Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orthex Oyj stock have on its future price. Orthex 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, Orthex Oyj autocorrelation shows the relationship between Orthex Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Orthex 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 Orthex Stock
Orthex Oyj financial ratios help investors to determine whether Orthex 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 Orthex with respect to the benefits of owning Orthex Oyj security.