Sitowise Group (Finland) Market Value
| SITOWS Stock | EUR 2.75 0.05 1.79% |
| Symbol | Sitowise |
Sitowise Group '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 Sitowise Group'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 Sitowise Group.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sitowise Group on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sitowise Group Oyj or generate 0.0% return on investment in Sitowise Group over 30 days. Sitowise Group is related to or competes with TietoEVRY Corp, Tokmanni Group, Harvia Oyj, and Kamux Suomi. Sitowise Group Oyj provides buildings, infrastructure, and digital solutions in Finland, Sweden, and internationally More
Sitowise Group 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 Sitowise Group'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 Sitowise Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 7.52 |
Sitowise Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sitowise Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sitowise Group's standard deviation. In reality, there are many statistical measures that can use Sitowise Group historical prices to predict the future Sitowise Group's volatility.| Risk Adjusted Performance | 0.0523 | |||
| Jensen Alpha | 0.2849 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0346 | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sitowise Group'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.
Sitowise Group Oyj Backtested Returns
At this point, Sitowise Group is very risky. Sitowise Group Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0301, which indicates the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sitowise Group Oyj, which you can use to evaluate the volatility of the company. Please validate Sitowise Group's Risk Adjusted Performance of 0.0523, semi deviation of 3.24, and Coefficient Of Variation of 1634.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Sitowise Group has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sitowise Group are expected to decrease at a much lower rate. During the bear market, Sitowise Group is likely to outperform the market. Sitowise Group Oyj right now has a risk of 3.55%. Please validate Sitowise Group sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Sitowise Group will be following its existing price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Sitowise Group Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Sitowise Group 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 Sitowise Group Oyj price movement. The serial correlation of -0.01 indicates that just 1.0% of current Sitowise Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sitowise Group Oyj lagged returns against current returns
Autocorrelation, which is Sitowise Group 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 Sitowise Group's stock expected returns. We can calculate the autocorrelation of Sitowise Group returns to help us make a trade decision. For example, suppose you find that Sitowise Group 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 |
Sitowise Group 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 Sitowise Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sitowise Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sitowise Group stock over time.
Current vs Lagged Prices |
| Timeline |
Sitowise Group Lagged Returns
When evaluating Sitowise Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sitowise Group stock have on its future price. Sitowise Group 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, Sitowise Group autocorrelation shows the relationship between Sitowise Group stock current value and its past values and can show if there is a momentum factor associated with investing in Sitowise Group 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 Sitowise Stock
Sitowise Group financial ratios help investors to determine whether Sitowise 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 Sitowise with respect to the benefits of owning Sitowise Group security.