Glaston Oyj (Finland) Market Value
| GLA1V Stock | EUR 0.76 0.02 2.70% |
| Symbol | Glaston |
Glaston 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 Glaston 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 Glaston Oyj.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Glaston Oyj on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Glaston Oyj Abp or generate 0.0% return on investment in Glaston Oyj over 30 days. Glaston Oyj is related to or competes with Bittium Oyj, Tecnotree Oyj, Exel Composites, Tokmanni Group, and Kamux Suomi. Glaston Oyj Abp manufactures and sells glass processing machinery worldwide More
Glaston 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 Glaston 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 Glaston Oyj Abp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.35 |
Glaston Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glaston Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glaston Oyj's standard deviation. In reality, there are many statistical measures that can use Glaston Oyj historical prices to predict the future Glaston Oyj's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 74.59 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Glaston 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.
Glaston Oyj Abp Backtested Returns
Glaston Oyj Abp holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of standard deviation over the last 3 months. Glaston Oyj Abp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Glaston Oyj's market risk adjusted performance of 74.6, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0023, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Glaston Oyj are expected to decrease at a much lower rate. During the bear market, Glaston Oyj is likely to outperform the market. At this point, Glaston Oyj Abp has a negative expected return of -0.15%. Please make sure to check out Glaston Oyj's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Glaston Oyj Abp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Glaston Oyj Abp has insignificant predictability. Overlapping area represents the amount of predictability between Glaston Oyj time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Glaston Oyj Abp price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Glaston Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Glaston Oyj Abp lagged returns against current returns
Autocorrelation, which is Glaston 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 Glaston Oyj's stock expected returns. We can calculate the autocorrelation of Glaston Oyj returns to help us make a trade decision. For example, suppose you find that Glaston 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 |
Glaston 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 Glaston Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glaston Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glaston Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Glaston Oyj Lagged Returns
When evaluating Glaston Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glaston Oyj stock have on its future price. Glaston 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, Glaston Oyj autocorrelation shows the relationship between Glaston Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Glaston Oyj Abp.
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 Glaston Stock
Glaston Oyj financial ratios help investors to determine whether Glaston 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 Glaston with respect to the benefits of owning Glaston Oyj security.