Viafin Service (Finland) Market Value
| VIAFIN Stock | EUR 19.20 0.10 0.52% |
| Symbol | Viafin |
Viafin Service '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 Viafin Service'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 Viafin Service.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Viafin Service on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Viafin Service Oyj or generate 0.0% return on investment in Viafin Service over 90 days. Viafin Service is related to or competes with Elecster Oyj, Vaisala Oyj, Nokian Renkaat, CapMan Oyj, Spinnova, and KONE Oyj. Viafin Service Oyj provides industrial maintenance, piping and equipment maintenance, and installation services in Finla... More
Viafin Service 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 Viafin Service'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 Viafin Service Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.33 |
Viafin Service Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viafin Service's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viafin Service's standard deviation. In reality, there are many statistical measures that can use Viafin Service historical prices to predict the future Viafin Service's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.1917 | |||
| Total Risk Alpha | 0.0061 | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | (3.59) |
Viafin Service Oyj Backtested Returns
Viafin Service appears to be not too volatile, given 3 months investment horizon. Viafin Service Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Viafin Service Oyj, which you can use to evaluate the volatility of the company. Please review Viafin Service's Semi Deviation of 1.48, risk adjusted performance of 0.0983, and Coefficient Of Variation of 809.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viafin Service holds a performance score of 9. The entity has a beta of -0.0522, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viafin Service are expected to decrease at a much lower rate. During the bear market, Viafin Service is likely to outperform the market. Please check Viafin Service's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Viafin Service's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Viafin Service Oyj has modest predictability. Overlapping area represents the amount of predictability between Viafin Service time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st 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 Viafin Service Oyj price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Viafin Service price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Viafin Service Oyj lagged returns against current returns
Autocorrelation, which is Viafin Service 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 Viafin Service's stock expected returns. We can calculate the autocorrelation of Viafin Service returns to help us make a trade decision. For example, suppose you find that Viafin Service 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 |
Viafin Service 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 Viafin Service stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viafin Service stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viafin Service stock over time.
Current vs Lagged Prices |
| Timeline |
Viafin Service Lagged Returns
When evaluating Viafin Service's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viafin Service stock have on its future price. Viafin Service 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, Viafin Service autocorrelation shows the relationship between Viafin Service stock current value and its past values and can show if there is a momentum factor associated with investing in Viafin Service 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 Viafin Stock
Viafin Service financial ratios help investors to determine whether Viafin 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 Viafin with respect to the benefits of owning Viafin Service security.