Outokumpu Oyj (Finland) Market Value
| OUT1V Stock | EUR 3.21 0.01 0.31% |
| Symbol | Outokumpu |
Outokumpu 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 Outokumpu 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 Outokumpu Oyj.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Outokumpu Oyj on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Outokumpu Oyj or generate 0.0% return on investment in Outokumpu Oyj over 390 days. Outokumpu Oyj is related to or competes with UPM Kymmene, Stora Enso, Valmet Oyj, and Wartsila Oyj. Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other... More
Outokumpu 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 Outokumpu 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 Outokumpu Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.01 |
Outokumpu Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outokumpu Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outokumpu Oyj's standard deviation. In reality, there are many statistical measures that can use Outokumpu Oyj historical prices to predict the future Outokumpu Oyj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Outokumpu 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.
Outokumpu Oyj Backtested Returns
Outokumpu Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.0434, which implies the firm had a -0.0434% return per unit of risk over the last 3 months. Outokumpu Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Outokumpu Oyj's Coefficient Of Variation of (2,021), variance of 2.13, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Outokumpu Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Outokumpu Oyj is expected to be smaller as well. At this point, Outokumpu Oyj has a negative expected return of -0.0632%. Please make sure to check Outokumpu Oyj's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Outokumpu Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Outokumpu Oyj has poor reverse predictability. Overlapping area represents the amount of predictability between Outokumpu Oyj time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Outokumpu Oyj price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Outokumpu Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Outokumpu Oyj lagged returns against current returns
Autocorrelation, which is Outokumpu 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 Outokumpu Oyj's stock expected returns. We can calculate the autocorrelation of Outokumpu Oyj returns to help us make a trade decision. For example, suppose you find that Outokumpu 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 |
Outokumpu 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 Outokumpu Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outokumpu Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outokumpu Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Outokumpu Oyj Lagged Returns
When evaluating Outokumpu Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outokumpu Oyj stock have on its future price. Outokumpu 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, Outokumpu Oyj autocorrelation shows the relationship between Outokumpu Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Outokumpu 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 Outokumpu Stock
Outokumpu Oyj financial ratios help investors to determine whether Outokumpu 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 Outokumpu with respect to the benefits of owning Outokumpu Oyj security.