Suominen Oyj (Finland) Market Value
| SUY1V Stock | EUR 2.07 0.08 3.72% |
| Symbol | Suominen |
Suominen 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 Suominen 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 Suominen Oyj.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Suominen Oyj on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Suominen Oyj or generate 0.0% return on investment in Suominen Oyj over 30 days. Suominen Oyj is related to or competes with Tokmanni Group, Kemira Oyj, Telia Company, Outokumpu Oyj, and Wartsila Oyj. Suominen Oyj manufactures and sells nonwovens primarily for consumer goods companies in Finland, rest of Europe, the Uni... More
Suominen 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 Suominen 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 Suominen Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 2.92 |
Suominen Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suominen Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suominen Oyj's standard deviation. In reality, there are many statistical measures that can use Suominen Oyj historical prices to predict the future Suominen Oyj's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 12.76 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Suominen Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Suominen Oyj Backtested Returns
Suominen Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Suominen Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suominen Oyj's Variance of 3.87, risk adjusted performance of (0.09), and Coefficient Of Variation of (766.32) to confirm the risk estimate we provide. The entity has a beta of -0.0209, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suominen Oyj are expected to decrease at a much lower rate. During the bear market, Suominen Oyj is likely to outperform the market. At this point, Suominen Oyj has a negative expected return of -0.35%. Please make sure to validate Suominen Oyj's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Suominen Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Suominen Oyj has very weak predictability. Overlapping area represents the amount of predictability between Suominen Oyj time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Suominen Oyj price movement. The serial correlation of 0.18 indicates that over 18.0% of current Suominen Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Suominen Oyj lagged returns against current returns
Autocorrelation, which is Suominen 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 Suominen Oyj's stock expected returns. We can calculate the autocorrelation of Suominen Oyj returns to help us make a trade decision. For example, suppose you find that Suominen 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 |
Suominen 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 Suominen Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suominen Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suominen Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Suominen Oyj Lagged Returns
When evaluating Suominen Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suominen Oyj stock have on its future price. Suominen 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, Suominen Oyj autocorrelation shows the relationship between Suominen Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Suominen 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 Suominen Stock
Suominen Oyj financial ratios help investors to determine whether Suominen 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 Suominen with respect to the benefits of owning Suominen Oyj security.