TietoEVRY Oyj (Norway) Market Value
| TIETO Stock | NOK 197.50 1.00 0.51% |
| Symbol | TietoEVRY |
TietoEVRY 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 TietoEVRY 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 TietoEVRY Oyj.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in TietoEVRY Oyj on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding TietoEVRY Oyj or generate 0.0% return on investment in TietoEVRY Oyj over 180 days. TietoEVRY Oyj is related to or competes with Romerike Sparebank, Romsdal Sparebank, Odfjell Technology, Nordic Technology, Xplora Technologies, Lea Bank, and Nidaros Sparebank. It operates through six segments Digital Consulting, Cloud Infra, Industry Software, Financial Services Solutions, Inter... More
TietoEVRY 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 TietoEVRY 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 TietoEVRY Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.65 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.36 |
TietoEVRY Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TietoEVRY Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TietoEVRY Oyj's standard deviation. In reality, there are many statistical measures that can use TietoEVRY Oyj historical prices to predict the future TietoEVRY Oyj's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.6558 |
TietoEVRY Oyj Backtested Returns
TietoEVRY Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0811, which indicates the firm had a -0.0811% return per unit of risk over the last 3 months. TietoEVRY Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TietoEVRY Oyj's Risk Adjusted Performance of (0.06), coefficient of variation of (1,242), and Variance of 3.24 to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TietoEVRY Oyj are expected to decrease at a much lower rate. During the bear market, TietoEVRY Oyj is likely to outperform the market. At this point, TietoEVRY Oyj has a negative expected return of -0.15%. Please make sure to validate TietoEVRY Oyj's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if TietoEVRY Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
TietoEVRY Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between TietoEVRY Oyj time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 TietoEVRY Oyj price movement. The serial correlation of -0.43 indicates that just about 43.0% of current TietoEVRY Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 83.75 |
TietoEVRY Oyj lagged returns against current returns
Autocorrelation, which is TietoEVRY 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 TietoEVRY Oyj's stock expected returns. We can calculate the autocorrelation of TietoEVRY Oyj returns to help us make a trade decision. For example, suppose you find that TietoEVRY 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 |
TietoEVRY 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 TietoEVRY Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TietoEVRY Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TietoEVRY Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
TietoEVRY Oyj Lagged Returns
When evaluating TietoEVRY Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TietoEVRY Oyj stock have on its future price. TietoEVRY 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, TietoEVRY Oyj autocorrelation shows the relationship between TietoEVRY Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in TietoEVRY Oyj.
Regressed Prices |
| Timeline |
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TietoEVRY Oyj 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 Oyj security.