Sanoma Oyj (Germany) Market Value
| SNQB Stock | 6.99 0.07 1.01% |
| Symbol | Sanoma |
Sanoma 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 Sanoma 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 Sanoma Oyj.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sanoma Oyj on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sanoma Oyj or generate 0.0% return on investment in Sanoma Oyj over 90 days. Sanoma Oyj is related to or competes with HYATT HOTELS-A, National Health, Summit Hotel, INTERCONT HOTELS, Cardinal Health, and Ramsay Health. More
Sanoma 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 Sanoma 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 Sanoma Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.19 |
Sanoma Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanoma Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanoma Oyj's standard deviation. In reality, there are many statistical measures that can use Sanoma Oyj historical prices to predict the future Sanoma Oyj's volatility.| Risk Adjusted Performance | 0.0414 | |||
| Jensen Alpha | 0.0451 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.409 |
Sanoma Oyj Backtested Returns
Currently, Sanoma Oyj is not too volatile. Sanoma Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0792, which indicates the firm had a 0.0792% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanoma Oyj, which you can use to evaluate the volatility of the company. Please validate Sanoma Oyj's Coefficient Of Variation of 2109.19, semi deviation of 1.68, and Risk Adjusted Performance of 0.0414 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Sanoma Oyj has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sanoma Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sanoma Oyj is expected to be smaller as well. Sanoma Oyj right now has a risk of 1.56%. Please validate Sanoma Oyj total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Sanoma Oyj will be following its existing price patterns.
Auto-correlation | 0.53 |
Modest predictability
Sanoma Oyj has modest predictability. Overlapping area represents the amount of predictability between Sanoma 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 Sanoma Oyj price movement. The serial correlation of 0.53 indicates that about 53.0% of current Sanoma Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Sanoma Oyj lagged returns against current returns
Autocorrelation, which is Sanoma 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 Sanoma Oyj's stock expected returns. We can calculate the autocorrelation of Sanoma Oyj returns to help us make a trade decision. For example, suppose you find that Sanoma 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 |
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Sanoma 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 Sanoma Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanoma Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanoma Oyj stock over time.
Current vs Lagged Prices |
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Sanoma Oyj Lagged Returns
When evaluating Sanoma Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanoma Oyj stock have on its future price. Sanoma 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, Sanoma Oyj autocorrelation shows the relationship between Sanoma Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Sanoma Oyj.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sanoma Stock Analysis
When running Sanoma Oyj's price analysis, check to measure Sanoma 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 Sanoma Oyj is operating at the current time. Most of Sanoma Oyj's value examination focuses on studying past and present price action to predict the probability of Sanoma 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 Sanoma Oyj's price. Additionally, you may evaluate how the addition of Sanoma Oyj to your portfolios can decrease your overall portfolio volatility.