Altia Oyj (Germany) Market Value
| 28Q Stock | EUR 2.83 0.23 8.85% |
| Symbol | Altia |
Altia 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 Altia 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 Altia Oyj.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Altia Oyj on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Altia Oyj or generate 0.0% return on investment in Altia Oyj over 90 days. Altia Oyj is related to or competes with ARDAGH METAL, UNIVERSAL MUSIC, SCIENCE IN, FIREWEED METALS, UNIVMUSIC GRPADR050, Zoom Video, and Warner Music. Altia Oyj produces, imports, markets, distributes, and sells alcoholic beverages in the Nordic and Baltic countries More
Altia 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 Altia 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 Altia Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 14.6 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 2.28 |
Altia Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altia Oyj's standard deviation. In reality, there are many statistical measures that can use Altia Oyj historical prices to predict the future Altia Oyj's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 5.11 |
Altia Oyj Backtested Returns
Altia Oyj secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Altia Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altia Oyj's Mean Deviation of 1.42, risk adjusted performance of (0.16), and Standard Deviation of 2.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0933, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altia Oyj are expected to decrease at a much lower rate. During the bear market, Altia Oyj is likely to outperform the market. At this point, Altia Oyj has a negative expected return of -0.52%. Please make sure to confirm Altia Oyj's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Altia Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Altia Oyj has good predictability. Overlapping area represents the amount of predictability between Altia Oyj time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th of December 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 Altia Oyj price movement. The serial correlation of 0.69 indicates that around 69.0% of current Altia Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Altia Oyj lagged returns against current returns
Autocorrelation, which is Altia 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 Altia Oyj's stock expected returns. We can calculate the autocorrelation of Altia Oyj returns to help us make a trade decision. For example, suppose you find that Altia 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 |
Altia 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 Altia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altia Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Altia Oyj Lagged Returns
When evaluating Altia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altia Oyj stock have on its future price. Altia 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, Altia Oyj autocorrelation shows the relationship between Altia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Altia Oyj.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Altia Stock
Altia Oyj financial ratios help investors to determine whether Altia 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 Altia with respect to the benefits of owning Altia Oyj security.