Tokmanni Group (Finland) Market Value
| TOKMAN Stock | EUR 11.04 0.02 0.18% |
| Symbol | Tokmanni |
Tokmanni Group '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 Tokmanni Group'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 Tokmanni Group.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Tokmanni Group on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Tokmanni Group Oyj or generate 0.0% return on investment in Tokmanni Group over 360 days. Tokmanni Group is related to or competes with Sampo Oyj, Harvia Oyj, Nordea Bank, Fortum Oyj, and Qt Group. The company offers personal care, home care, household paper, and other products leisure and home electronic products, s... More
Tokmanni Group 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 Tokmanni Group'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 Tokmanni Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.93 |
Tokmanni Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokmanni Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokmanni Group's standard deviation. In reality, there are many statistical measures that can use Tokmanni Group historical prices to predict the future Tokmanni Group's volatility.| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | 0.052 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6831 |
Tokmanni Group Oyj Backtested Returns
At this point, Tokmanni Group is somewhat reliable. Tokmanni Group Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0355, which indicates the firm had a 0.0355% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tokmanni Group Oyj, which you can use to evaluate the volatility of the company. Please validate Tokmanni Group's Coefficient Of Variation of 3185.01, risk adjusted performance of 0.0306, and Semi Deviation of 1.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.0805%. Tokmanni Group has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0891, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tokmanni Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tokmanni Group is expected to be smaller as well. Tokmanni Group Oyj right now has a risk of 2.27%. Please validate Tokmanni Group semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Tokmanni Group will be following its existing price patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Tokmanni Group Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Tokmanni Group time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Tokmanni Group Oyj price movement. The serial correlation of -0.54 indicates that about 54.0% of current Tokmanni Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Tokmanni Group Oyj lagged returns against current returns
Autocorrelation, which is Tokmanni Group 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 Tokmanni Group's stock expected returns. We can calculate the autocorrelation of Tokmanni Group returns to help us make a trade decision. For example, suppose you find that Tokmanni Group 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 |
Tokmanni Group 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 Tokmanni Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokmanni Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokmanni Group stock over time.
Current vs Lagged Prices |
| Timeline |
Tokmanni Group Lagged Returns
When evaluating Tokmanni Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokmanni Group stock have on its future price. Tokmanni Group 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, Tokmanni Group autocorrelation shows the relationship between Tokmanni Group stock current value and its past values and can show if there is a momentum factor associated with investing in Tokmanni Group 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 Tokmanni Stock
Tokmanni Group financial ratios help investors to determine whether Tokmanni 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 Tokmanni with respect to the benefits of owning Tokmanni Group security.