Marimekko Oyj (Finland) Market Value
| MEKKO Stock | EUR 12.04 0.02 0.17% |
| Symbol | Marimekko |
Marimekko 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 Marimekko 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 Marimekko Oyj.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Marimekko Oyj on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Marimekko Oyj or generate 0.0% return on investment in Marimekko Oyj over 30 days. Marimekko Oyj is related to or competes with Harvia Oyj, Qt Group, Tokmanni Group, Revenio, and Kamux Suomi. Marimekko Oyj, a lifestyle design company, designs, manufactures, markets, wholesales, and retails clothing, bags and ac... More
Marimekko 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 Marimekko 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 Marimekko Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 2.95 |
Marimekko Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marimekko Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marimekko Oyj's standard deviation. In reality, there are many statistical measures that can use Marimekko Oyj historical prices to predict the future Marimekko Oyj's volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | 0.0385 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0185 |
Marimekko Oyj Backtested Returns
Marimekko Oyj is not too volatile at the moment. Marimekko Oyj has Sharpe Ratio of 0.0189, which conveys that the firm had a 0.0189% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Marimekko Oyj, which you can use to evaluate the volatility of the firm. Please verify Marimekko Oyj's Mean Deviation of 1.45, risk adjusted performance of 0.0064, and Downside Deviation of 2.29 to check out if the risk estimate we provide is consistent with the expected return of 0.0381%. Marimekko Oyj has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marimekko Oyj are expected to decrease at a much lower rate. During the bear market, Marimekko Oyj is likely to outperform the market. Marimekko Oyj right now secures a risk of 2.02%. Please verify Marimekko Oyj value at risk, as well as the relationship between the skewness and day median price , to decide if Marimekko Oyj will be following its current price movements.
Auto-correlation | 0.34 |
Below average predictability
Marimekko Oyj has below average predictability. Overlapping area represents the amount of predictability between Marimekko 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 Marimekko Oyj price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Marimekko Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Marimekko Oyj lagged returns against current returns
Autocorrelation, which is Marimekko 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 Marimekko Oyj's stock expected returns. We can calculate the autocorrelation of Marimekko Oyj returns to help us make a trade decision. For example, suppose you find that Marimekko 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 |
Marimekko 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 Marimekko Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marimekko Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marimekko Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Marimekko Oyj Lagged Returns
When evaluating Marimekko Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marimekko Oyj stock have on its future price. Marimekko 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, Marimekko Oyj autocorrelation shows the relationship between Marimekko Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Marimekko 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 Marimekko Stock
Marimekko Oyj financial ratios help investors to determine whether Marimekko 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 Marimekko with respect to the benefits of owning Marimekko Oyj security.