Outokumpu Oyj Stock Market Value
| OUTFF Stock | USD 3.65 0.00 0.00% |
| 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 pink sheet 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Outokumpu Oyj on October 30, 2024 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 30 days. Outokumpu Oyj is related to or competes with Live Ventures, WiMi Hologram, Zhihu, BCE, Sphere Entertainment, SL Green, and Nextplat Corp. Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, t... 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 pink sheet 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 | (0.88) | |||
| Maximum Drawdown | 1.35 |
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 | (0.13) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 1.84 |
Outokumpu Oyj Backtested Returns
We have found sixteen technical indicators for Outokumpu Oyj, which you can use to evaluate the volatility of the company. Please check Outokumpu Oyj's Variance of 0.0277, risk adjusted performance of (0.13), and Coefficient Of Variation of (812.40) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of -0.0166, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Outokumpu Oyj are expected to decrease at a much lower rate. During the bear market, Outokumpu Oyj is likely to outperform the market. Outokumpu Oyj right now holds a risk of 0.0%. Please check Outokumpu Oyj standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Outokumpu Oyj will be following its historical price patterns.
Auto-correlation | 1.00 |
Perfect predictability
Outokumpu Oyj has perfect predictability. Overlapping area represents the amount of predictability between Outokumpu Oyj time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 1.0 indicates that 100.0% of current Outokumpu Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Outokumpu Oyj lagged returns against current returns
Autocorrelation, which is Outokumpu Oyj pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outokumpu Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outokumpu Oyj pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Outokumpu Oyj.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Outokumpu Pink Sheet
Outokumpu Oyj financial ratios help investors to determine whether Outokumpu Pink Sheet 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.