TietoEVRY Corp (Finland) Market Value
| TIETO Stock | 17.03 0.28 1.67% |
| Symbol | TietoEVRY |
TietoEVRY Corp '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 TietoEVRY Corp'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 TietoEVRY Corp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in TietoEVRY Corp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding TietoEVRY Corp or generate 0.0% return on investment in TietoEVRY Corp over 30 days. TietoEVRY Corp is related to or competes with Sampo Oyj, Valmet Oyj, Nordea Bank, Fortum Oyj, and Tokmanni Group. More
TietoEVRY Corp 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 TietoEVRY Corp'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 TietoEVRY Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.18 |
TietoEVRY Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TietoEVRY Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TietoEVRY Corp's standard deviation. In reality, there are many statistical measures that can use TietoEVRY Corp historical prices to predict the future TietoEVRY Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.19) |
TietoEVRY Corp Backtested Returns
TietoEVRY Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0594, which indicates the firm had a -0.0594% return per unit of risk over the last 3 months. TietoEVRY Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TietoEVRY Corp's Variance of 3.13, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,709) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TietoEVRY Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding TietoEVRY Corp is expected to be smaller as well. At this point, TietoEVRY Corp has a negative expected return of -0.11%. Please make sure to validate TietoEVRY Corp's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if TietoEVRY Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
TietoEVRY Corp has good predictability. Overlapping area represents the amount of predictability between TietoEVRY Corp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 TietoEVRY Corp price movement. The serial correlation of 0.68 indicates that around 68.0% of current TietoEVRY Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
TietoEVRY Corp lagged returns against current returns
Autocorrelation, which is TietoEVRY Corp 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 TietoEVRY Corp's stock expected returns. We can calculate the autocorrelation of TietoEVRY Corp returns to help us make a trade decision. For example, suppose you find that TietoEVRY Corp 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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TietoEVRY Corp 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 TietoEVRY Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TietoEVRY Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TietoEVRY Corp stock over time.
Current vs Lagged Prices |
| Timeline |
TietoEVRY Corp Lagged Returns
When evaluating TietoEVRY Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TietoEVRY Corp stock have on its future price. TietoEVRY Corp 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, TietoEVRY Corp autocorrelation shows the relationship between TietoEVRY Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TietoEVRY Corp.
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 TietoEVRY Stock
TietoEVRY Corp financial ratios help investors to determine whether TietoEVRY 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 TietoEVRY with respect to the benefits of owning TietoEVRY Corp security.