Sotkamo Silver (Finland) Market Value
| SOSI1 Stock | EUR 0.09 0.0006 0.64% |
| Symbol | Sotkamo |
Sotkamo Silver '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 Sotkamo Silver'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 Sotkamo Silver.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sotkamo Silver on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Sotkamo Silver AB or generate 0.0% return on investment in Sotkamo Silver over 690 days. Sotkamo Silver is related to or competes with Outokumpu Oyj, SSAB AB, Telia Company, and Wartsila Oyj. Sotkamo Silver AB, together with its subsidiaries, explores for and develops mineral deposits More
Sotkamo Silver 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 Sotkamo Silver'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 Sotkamo Silver AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.6 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 23.88 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.82 |
Sotkamo Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sotkamo Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sotkamo Silver's standard deviation. In reality, there are many statistical measures that can use Sotkamo Silver historical prices to predict the future Sotkamo Silver's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | 0.1113 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.80) |
Sotkamo Silver AB Backtested Returns
Sotkamo Silver appears to be out of control, given 3 months investment horizon. Sotkamo Silver AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0633, which indicates the firm had a 0.0633% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sotkamo Silver AB, which you can use to evaluate the volatility of the company. Please review Sotkamo Silver's Semi Deviation of 4.08, coefficient of variation of 4444.85, and Risk Adjusted Performance of 0.0256 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sotkamo Silver holds a performance score of 4. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sotkamo Silver are expected to decrease at a much lower rate. During the bear market, Sotkamo Silver is likely to outperform the market. Please check Sotkamo Silver's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Sotkamo Silver's existing price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Sotkamo Silver AB has poor reverse predictability. Overlapping area represents the amount of predictability between Sotkamo Silver time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Sotkamo Silver AB price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Sotkamo Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sotkamo Silver AB lagged returns against current returns
Autocorrelation, which is Sotkamo Silver 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 Sotkamo Silver's stock expected returns. We can calculate the autocorrelation of Sotkamo Silver returns to help us make a trade decision. For example, suppose you find that Sotkamo Silver 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 |
Sotkamo Silver 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 Sotkamo Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sotkamo Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sotkamo Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Sotkamo Silver Lagged Returns
When evaluating Sotkamo Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sotkamo Silver stock have on its future price. Sotkamo Silver 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, Sotkamo Silver autocorrelation shows the relationship between Sotkamo Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Sotkamo Silver AB.
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 Sotkamo Stock
Sotkamo Silver financial ratios help investors to determine whether Sotkamo 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 Sotkamo with respect to the benefits of owning Sotkamo Silver security.