Finnair Oyj (Finland) Market Value
| FIA1S Stock | EUR 2.31 0.08 3.35% |
| Symbol | Finnair |
Finnair 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 Finnair 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 Finnair Oyj.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Finnair Oyj on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Finnair Oyj or generate 0.0% return on investment in Finnair Oyj over 30 days. Finnair Oyj is related to or competes with Fortum Oyj, Nordea Bank, Sampo Oyj, Neste Oil, and Outokumpu Oyj. Finnair Oyj provides passenger and cargo airline services to various destinations between Asia and Europe More
Finnair 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 Finnair 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 Finnair Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.83 |
Finnair Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finnair Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finnair Oyj's standard deviation. In reality, there are many statistical measures that can use Finnair Oyj historical prices to predict the future Finnair Oyj's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0692 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Finnair 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.
Finnair Oyj Backtested Returns
Finnair Oyj is unstable at the moment. Finnair Oyj secures Sharpe Ratio (or Efficiency) of 0.0047, which denotes the company had a 0.0047% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Finnair Oyj, which you can use to evaluate the volatility of the firm. Please confirm Finnair Oyj's Mean Deviation of 1.62, coefficient of variation of 3114.03, and Downside Deviation of 2.23 to check if the risk estimate we provide is consistent with the expected return of 0.0101%. The firm shows a Beta (market volatility) of -0.0938, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Finnair Oyj are expected to decrease at a much lower rate. During the bear market, Finnair Oyj is likely to outperform the market. Finnair Oyj right now shows a risk of 2.18%. Please confirm Finnair Oyj downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Finnair Oyj will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Finnair Oyj has very good reverse predictability. Overlapping area represents the amount of predictability between Finnair Oyj time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Finnair Oyj price movement. The serial correlation of -0.7 indicates that around 70.0% of current Finnair Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Finnair Oyj lagged returns against current returns
Autocorrelation, which is Finnair 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 Finnair Oyj's stock expected returns. We can calculate the autocorrelation of Finnair Oyj returns to help us make a trade decision. For example, suppose you find that Finnair 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 |
Finnair 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 Finnair Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finnair Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finnair Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Finnair Oyj Lagged Returns
When evaluating Finnair Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finnair Oyj stock have on its future price. Finnair 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, Finnair Oyj autocorrelation shows the relationship between Finnair Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Finnair 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 Finnair Stock
Finnair Oyj financial ratios help investors to determine whether Finnair 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 Finnair with respect to the benefits of owning Finnair Oyj security.