Vincit Group (Finland) Market Value
| VINCIT Stock | EUR 1.69 0.11 6.11% |
| Symbol | Vincit |
Vincit 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 Vincit 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 Vincit Group.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Vincit Group on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Vincit Group Oyj or generate 0.0% return on investment in Vincit Group over 180 days. Vincit Group is related to or competes with Harvia Oyj, Qt Group, Kamux Suomi, Vaisala Oyj, Sanoma Oyj, Boreo Oyj, and Exel Composites. It offers electronic services and information systems browser-based HTML5 services and mobile applications for smartphon... More
Vincit 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 Vincit 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 Vincit Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 9.34 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 1.64 |
Vincit Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vincit Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vincit Group's standard deviation. In reality, there are many statistical measures that can use Vincit Group historical prices to predict the future Vincit Group's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 70.71 |
Vincit Group Oyj Backtested Returns
Vincit Group Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25% return per unit of risk over the last 3 months. Vincit Group Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vincit Group's Coefficient Of Variation of (413.03), risk adjusted performance of (0.19), and Variance of 3.34 to confirm the risk estimate we provide. The entity has a beta of -0.0064, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vincit Group are expected to decrease at a much lower rate. During the bear market, Vincit Group is likely to outperform the market. At this point, Vincit Group Oyj has a negative expected return of -0.46%. Please make sure to validate Vincit Group's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Vincit Group Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Vincit Group Oyj has very good predictability. Overlapping area represents the amount of predictability between Vincit Group time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Vincit Group Oyj price movement. The serial correlation of 0.82 indicates that around 82.0% of current Vincit Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Vincit Group Oyj lagged returns against current returns
Autocorrelation, which is Vincit 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 Vincit Group's stock expected returns. We can calculate the autocorrelation of Vincit Group returns to help us make a trade decision. For example, suppose you find that Vincit 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 |
Vincit 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 Vincit Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vincit Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vincit Group stock over time.
Current vs Lagged Prices |
| Timeline |
Vincit Group Lagged Returns
When evaluating Vincit Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vincit Group stock have on its future price. Vincit 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, Vincit Group autocorrelation shows the relationship between Vincit Group stock current value and its past values and can show if there is a momentum factor associated with investing in Vincit 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 Vincit Stock
Vincit Group financial ratios help investors to determine whether Vincit 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 Vincit with respect to the benefits of owning Vincit Group security.