Tulikivi Oyj (Finland) Market Value
| TULAV Stock | EUR 0.42 0.01 2.33% |
| Symbol | Tulikivi |
Tulikivi 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 Tulikivi 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 Tulikivi Oyj.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Tulikivi Oyj on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Tulikivi Oyj A or generate 0.0% return on investment in Tulikivi Oyj over 540 days. Tulikivi Oyj is related to or competes with QPR Software, Nordea Bank, Alandsbanken Abp, Detection Technology, and Nightingale Health. Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the ... More
Tulikivi 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 Tulikivi 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 Tulikivi Oyj A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.33 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 4.55 |
Tulikivi Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tulikivi Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tulikivi Oyj's standard deviation. In reality, there are many statistical measures that can use Tulikivi Oyj historical prices to predict the future Tulikivi Oyj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.3752 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tulikivi 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.
Tulikivi Oyj A Backtested Returns
Tulikivi Oyj A owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0639, which indicates the firm had a -0.0639% return per unit of risk over the last 3 months. Tulikivi Oyj A exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tulikivi Oyj's Coefficient Of Variation of (1,965), variance of 7.06, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tulikivi Oyj are expected to decrease at a much lower rate. During the bear market, Tulikivi Oyj is likely to outperform the market. At this point, Tulikivi Oyj A has a negative expected return of -0.17%. Please make sure to validate Tulikivi Oyj's skewness, as well as the relationship between the day median price and relative strength index , to decide if Tulikivi Oyj A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Tulikivi Oyj A has poor reverse predictability. Overlapping area represents the amount of predictability between Tulikivi Oyj time series from 4th of June 2023 to 29th of February 2024 and 29th of February 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 Tulikivi Oyj A price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tulikivi Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tulikivi Oyj A lagged returns against current returns
Autocorrelation, which is Tulikivi 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 Tulikivi Oyj's stock expected returns. We can calculate the autocorrelation of Tulikivi Oyj returns to help us make a trade decision. For example, suppose you find that Tulikivi 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 |
Tulikivi 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 Tulikivi Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tulikivi Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tulikivi Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Tulikivi Oyj Lagged Returns
When evaluating Tulikivi Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tulikivi Oyj stock have on its future price. Tulikivi 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, Tulikivi Oyj autocorrelation shows the relationship between Tulikivi Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Tulikivi Oyj A.
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 Tulikivi Stock
Tulikivi Oyj financial ratios help investors to determine whether Tulikivi 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 Tulikivi with respect to the benefits of owning Tulikivi Oyj security.