Purmo Group (Finland) Market Value
| PURMO Stock | 11.25 0.10 0.88% |
| Symbol | Purmo |
Purmo Group '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 Purmo Group'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 Purmo Group.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Purmo Group on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Purmo Group Oyj or generate 0.0% return on investment in Purmo Group over 30 days. Purmo Group is related to or competes with Vaisala Oyj, Sanoma Oyj, KONE Oyj, Boreo Oyj, Exel Composites, Sitowise Group, and Oma Saastopankki. More
Purmo Group 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 Purmo Group'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 Purmo Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6564 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.8101 |
Purmo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purmo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purmo Group's standard deviation. In reality, there are many statistical measures that can use Purmo Group historical prices to predict the future Purmo Group's volatility.| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (4.15) |
Purmo Group Oyj Backtested Returns
Purmo Group is very steady at the moment. Purmo Group Oyj maintains Sharpe Ratio (i.e., Efficiency) of 0.0629, which implies the firm had a 0.0629% return per unit of risk over the last 3 months. We have found thirty technical indicators for Purmo Group Oyj, which you can use to evaluate the volatility of the company. Please check Purmo Group's Semi Deviation of 0.2213, coefficient of variation of 1263.64, and Risk Adjusted Performance of 0.0524 to confirm if the risk estimate we provide is consistent with the expected return of 0.0276%. Purmo Group has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.0056, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purmo Group are expected to decrease at a much lower rate. During the bear market, Purmo Group is likely to outperform the market. Purmo Group Oyj right now holds a risk of 0.44%. Please check Purmo Group Oyj potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Purmo Group Oyj will be following its historical price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Purmo Group Oyj has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Purmo Group time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Purmo Group Oyj price movement. The serial correlation of -0.78 indicates that around 78.0% of current Purmo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Purmo Group Oyj lagged returns against current returns
Autocorrelation, which is Purmo Group 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 Purmo Group's stock expected returns. We can calculate the autocorrelation of Purmo Group returns to help us make a trade decision. For example, suppose you find that Purmo Group 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 |
Purmo Group 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 Purmo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purmo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purmo Group stock over time.
Current vs Lagged Prices |
| Timeline |
Purmo Group Lagged Returns
When evaluating Purmo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purmo Group stock have on its future price. Purmo Group 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, Purmo Group autocorrelation shows the relationship between Purmo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Purmo Group Oyj.
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 Purmo Stock
Purmo Group financial ratios help investors to determine whether Purmo 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 Purmo with respect to the benefits of owning Purmo Group security.