SSH Communications (Finland) Market Value
| SSH1V Stock | EUR 1.09 0.03 2.68% |
| Symbol | SSH |
SSH Communications '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 SSH Communications' 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 SSH Communications.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in SSH Communications on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding SSH Communications Security or generate 0.0% return on investment in SSH Communications over 30 days. SSH Communications is related to or competes with Tecnotree Oyj, Qt Group, Bittium Oyj, Harvia Oyj, and Kamux Suomi. SSH Communications Security Oyj provides enterprise cybersecurity solutions for organizations to access, secure, and con... More
SSH Communications 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 SSH Communications' 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 SSH Communications Security upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.59 |
SSH Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSH Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSH Communications' standard deviation. In reality, there are many statistical measures that can use SSH Communications historical prices to predict the future SSH Communications' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SSH Communications' 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.
SSH Communications Backtested Returns
SSH Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0812, which indicates the firm had a -0.0812% return per unit of volatility over the last 3 months. SSH Communications Security exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SSH Communications' variance of 7.48, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SSH Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding SSH Communications is expected to be smaller as well. At this point, SSH Communications has a negative expected return of -0.22%. Please make sure to validate SSH Communications' treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if SSH Communications performance from the past will be repeated at future time.
Auto-correlation | 0.46 |
Average predictability
SSH Communications Security has average predictability. Overlapping area represents the amount of predictability between SSH Communications time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 SSH Communications price movement. The serial correlation of 0.46 indicates that about 46.0% of current SSH Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SSH Communications lagged returns against current returns
Autocorrelation, which is SSH Communications 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 SSH Communications' stock expected returns. We can calculate the autocorrelation of SSH Communications returns to help us make a trade decision. For example, suppose you find that SSH Communications 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 |
SSH Communications 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 SSH Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSH Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSH Communications stock over time.
Current vs Lagged Prices |
| Timeline |
SSH Communications Lagged Returns
When evaluating SSH Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSH Communications stock have on its future price. SSH Communications 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, SSH Communications autocorrelation shows the relationship between SSH Communications stock current value and its past values and can show if there is a momentum factor associated with investing in SSH Communications Security.
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 SSH Stock
SSH Communications financial ratios help investors to determine whether SSH 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 SSH with respect to the benefits of owning SSH Communications security.