Outokumpu Oyj Adr Stock Market Value
| OUTKY Stock | USD 1.65 0.01 0.60% |
| 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.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Outokumpu Oyj on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Outokumpu Oyj ADR or generate 0.0% return on investment in Outokumpu Oyj over 90 days. Outokumpu Oyj is related to or competes with Olympic Steel, Mesabi Trust, Universal Stainless, POSCO Holdings, Gerdau SA, Ternium SA, and Reliance Steel. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 0.565 |
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 | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.53) |
Outokumpu Oyj ADR Backtested Returns
Outokumpu Oyj ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Outokumpu Oyj ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Outokumpu Oyj's Variance of 1.4, risk adjusted performance of (0.08), and Coefficient Of Variation of (947.42) to confirm the risk estimate we provide. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. 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 ADR has a negative expected return of -0.17%. Please make sure to check Outokumpu Oyj's total risk alpha and rate of daily change , to decide if Outokumpu Oyj ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Outokumpu Oyj ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Outokumpu Oyj time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 ADR price movement. The serial correlation of -0.68 indicates that around 68.0% of current Outokumpu Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Outokumpu Oyj ADR 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 ADR.
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.Additional Tools for Outokumpu Pink Sheet Analysis
When running Outokumpu Oyj's price analysis, check to measure Outokumpu Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Outokumpu Oyj is operating at the current time. Most of Outokumpu Oyj's value examination focuses on studying past and present price action to predict the probability of Outokumpu Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outokumpu Oyj's price. Additionally, you may evaluate how the addition of Outokumpu Oyj to your portfolios can decrease your overall portfolio volatility.