Sanoma Oyj (Finland) Market Value

SANOMA Stock   7.58  0.22  2.99%   
Sanoma Oyj's market value is the price at which a share of Sanoma Oyj trades on a public exchange. It measures the collective expectations of Sanoma Oyj investors about its performance. Sanoma Oyj is trading at 7.58 as of the 15th of December 2024, a 2.99 percent up since the beginning of the trading day. The stock's open price was 7.36.
With this module, you can estimate the performance of a buy and hold strategy of Sanoma Oyj and determine expected loss or profit from investing in Sanoma Oyj over a given investment horizon. Check out Sanoma Oyj Correlation, Sanoma Oyj Volatility and Sanoma Oyj Alpha and Beta module to complement your research on Sanoma Oyj.
Symbol

Please note, there is a significant difference between Sanoma Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanoma Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanoma Oyj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sanoma 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 Sanoma 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 Sanoma Oyj.
0.00
09/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/15/2024
0.00
If you would invest  0.00  in Sanoma Oyj on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sanoma Oyj or generate 0.0% return on investment in Sanoma Oyj over 90 days. Sanoma Oyj is related to or competes with Kesko Oyj, Sampo Oyj, UPM Kymmene, Orion Oyj, and Fortum Oyj. More

Sanoma 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 Sanoma 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 Sanoma Oyj upside and downside potential and time the market with a certain degree of confidence.

Sanoma Oyj Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanoma Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanoma Oyj's standard deviation. In reality, there are many statistical measures that can use Sanoma Oyj historical prices to predict the future Sanoma Oyj's volatility.
Hype
Prediction
LowEstimatedHigh
6.097.589.07
Details
Intrinsic
Valuation
LowRealHigh
7.028.5110.00
Details
Naive
Forecast
LowNextHigh
6.477.969.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.867.227.57
Details

Sanoma Oyj Backtested Returns

Sanoma Oyj appears to be not too volatile, given 3 months investment horizon. Sanoma Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanoma Oyj, which you can use to evaluate the volatility of the company. Please review Sanoma Oyj's Semi Deviation of 1.18, risk adjusted performance of 0.1384, and Coefficient Of Variation of 544.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanoma Oyj holds a performance score of 14. The entity has a beta of 0.0888, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sanoma Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sanoma Oyj is expected to be smaller as well. Please check Sanoma Oyj's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Sanoma Oyj's existing price patterns will revert.

Auto-correlation

    
  0.27  

Poor predictability

Sanoma Oyj has poor predictability. Overlapping area represents the amount of predictability between Sanoma Oyj time series from 16th of September 2024 to 31st of October 2024 and 31st of October 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 Sanoma Oyj price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sanoma Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.26
Residual Average0.0
Price Variance0.03

Sanoma Oyj lagged returns against current returns

Autocorrelation, which is Sanoma 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 Sanoma Oyj's stock expected returns. We can calculate the autocorrelation of Sanoma Oyj returns to help us make a trade decision. For example, suppose you find that Sanoma 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  

Sanoma 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 Sanoma Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanoma Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanoma Oyj stock over time.
   Current vs Lagged Prices   
       Timeline  

Sanoma Oyj Lagged Returns

When evaluating Sanoma Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanoma Oyj stock have on its future price. Sanoma 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, Sanoma Oyj autocorrelation shows the relationship between Sanoma Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Sanoma 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 Sanoma Stock

Sanoma Oyj financial ratios help investors to determine whether Sanoma 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 Sanoma with respect to the benefits of owning Sanoma Oyj security.