Talenom Oyj (Finland) Market Value
| TNOM Stock | EUR 3.37 0.11 3.37% |
| Symbol | Talenom |
Talenom 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 Talenom 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 Talenom Oyj.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Talenom Oyj on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Talenom Oyj or generate 0.0% return on investment in Talenom Oyj over 720 days. Talenom Oyj is related to or competes with Revenio, Qt Group, Harvia Oyj, Kamux Suomi, and Admicom Oyj. Talenom Oyj provides accounting services for small and medium enterprises in Finland More
Talenom 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 Talenom 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 Talenom Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 16.21 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.4 |
Talenom Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talenom Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talenom Oyj's standard deviation. In reality, there are many statistical measures that can use Talenom Oyj historical prices to predict the future Talenom Oyj's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 1.39 |
Talenom Oyj Backtested Returns
Talenom Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of risk over the last 3 months. Talenom Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Talenom Oyj's Risk Adjusted Performance of (0.18), variance of 4.87, and Coefficient Of Variation of (420.24) to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Talenom Oyj are expected to decrease at a much lower rate. During the bear market, Talenom Oyj is likely to outperform the market. At this point, Talenom Oyj has a negative expected return of -0.52%. Please make sure to validate Talenom Oyj's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Talenom Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Talenom Oyj has very good predictability. Overlapping area represents the amount of predictability between Talenom Oyj time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Talenom Oyj price movement. The serial correlation of 0.8 indicates that around 80.0% of current Talenom Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Talenom Oyj lagged returns against current returns
Autocorrelation, which is Talenom 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 Talenom Oyj's stock expected returns. We can calculate the autocorrelation of Talenom Oyj returns to help us make a trade decision. For example, suppose you find that Talenom 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 |
Talenom 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 Talenom Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talenom Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talenom Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Talenom Oyj Lagged Returns
When evaluating Talenom Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talenom Oyj stock have on its future price. Talenom 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, Talenom Oyj autocorrelation shows the relationship between Talenom Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Talenom 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 Talenom Stock
Talenom Oyj financial ratios help investors to determine whether Talenom 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 Talenom with respect to the benefits of owning Talenom Oyj security.