Kesko Oyj (Finland) Market Value
| KESKOA Stock | EUR 18.78 0.06 0.32% |
| Symbol | Kesko |
Kesko 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 Kesko 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 Kesko Oyj.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Kesko Oyj on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Kesko Oyj or generate 0.0% return on investment in Kesko Oyj over 30 days. Kesko Oyj is related to or competes with Kesko Oyj, Sampo Oyj, Tokmanni Group, UPM Kymmene, and Elisa Oyj. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade segments More
Kesko 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 Kesko 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 Kesko Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.35 |
Kesko Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kesko Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kesko Oyj's standard deviation. In reality, there are many statistical measures that can use Kesko Oyj historical prices to predict the future Kesko Oyj's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.0713 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (24.48) |
Kesko Oyj Backtested Returns
At this point, Kesko Oyj is very steady. Kesko Oyj has Sharpe Ratio of 0.0579, which conveys that the firm had a 0.0579% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kesko Oyj, which you can use to evaluate the volatility of the firm. Please verify Kesko Oyj's Mean Deviation of 0.8148, downside deviation of 1.07, and Risk Adjusted Performance of 0.0456 to check out if the risk estimate we provide is consistent with the expected return of 0.0816%. Kesko Oyj has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0029, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kesko Oyj are expected to decrease at a much lower rate. During the bear market, Kesko Oyj is likely to outperform the market. Kesko Oyj right now secures a risk of 1.41%. Please verify Kesko Oyj potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Kesko Oyj will be following its current price movements.
Auto-correlation | -0.41 |
Modest reverse predictability
Kesko Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between Kesko Oyj time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Kesko Oyj price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Kesko Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kesko Oyj lagged returns against current returns
Autocorrelation, which is Kesko 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 Kesko Oyj's stock expected returns. We can calculate the autocorrelation of Kesko Oyj returns to help us make a trade decision. For example, suppose you find that Kesko 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 |
Kesko 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 Kesko Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kesko Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kesko Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Kesko Oyj Lagged Returns
When evaluating Kesko Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kesko Oyj stock have on its future price. Kesko 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, Kesko Oyj autocorrelation shows the relationship between Kesko Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Kesko 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 Kesko Stock
Kesko Oyj financial ratios help investors to determine whether Kesko 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 Kesko with respect to the benefits of owning Kesko Oyj security.