Scanfil Oyj (Finland) Market Value
| SCANFL Stock | EUR 7.48 0.02 0.27% |
| Symbol | Scanfil |
Scanfil 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 Scanfil 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 Scanfil Oyj.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Scanfil Oyj on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Scanfil Oyj or generate 0.0% return on investment in Scanfil Oyj over 30 days. Scanfil Oyj is related to or competes with Tokmanni Group, Kemira Oyj, Valmet Oyj, Etteplan Oyj, and Olvi Oyj. Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide More
Scanfil 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 Scanfil 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 Scanfil Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.5 |
Scanfil Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scanfil Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scanfil Oyj's standard deviation. In reality, there are many statistical measures that can use Scanfil Oyj historical prices to predict the future Scanfil Oyj's volatility.| Risk Adjusted Performance | 0.009 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0139 |
Scanfil Oyj Backtested Returns
Scanfil Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0253, which indicates the firm had a -0.0253% return per unit of risk over the last 3 months. Scanfil Oyj exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scanfil Oyj's Risk Adjusted Performance of 0.009, semi deviation of 1.63, and Coefficient Of Variation of 19585.34 to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scanfil Oyj are expected to decrease at a much lower rate. During the bear market, Scanfil Oyj is likely to outperform the market. At this point, Scanfil Oyj has a negative expected return of -0.0394%. Please make sure to validate Scanfil Oyj's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Scanfil Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Scanfil Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Scanfil Oyj time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Scanfil Oyj price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Scanfil Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Scanfil Oyj lagged returns against current returns
Autocorrelation, which is Scanfil 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 Scanfil Oyj's stock expected returns. We can calculate the autocorrelation of Scanfil Oyj returns to help us make a trade decision. For example, suppose you find that Scanfil 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 |
Scanfil 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 Scanfil Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scanfil Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scanfil Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Scanfil Oyj Lagged Returns
When evaluating Scanfil Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scanfil Oyj stock have on its future price. Scanfil 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, Scanfil Oyj autocorrelation shows the relationship between Scanfil Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Scanfil 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 Scanfil Stock
Scanfil Oyj financial ratios help investors to determine whether Scanfil 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 Scanfil with respect to the benefits of owning Scanfil Oyj security.