Wartsila Oyj (Finland) Market Value
| WRT1V Stock | EUR 17.91 0.46 2.64% |
| Symbol | Wartsila |
Wartsila 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 Wartsila 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 Wartsila Oyj.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Wartsila Oyj on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Wartsila Oyj Abp or generate 0.0% return on investment in Wartsila Oyj over 360 days. Wartsila Oyj is related to or competes with Sampo Oyj, Fortum Oyj, UPM Kymmene, Nordea Bank, and Valmet Oyj. Wrtsil Oyj Abp provides technologies and lifecycle solutions for the marine and energy markets worldwide More
Wartsila 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 Wartsila 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 Wartsila Oyj Abp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.59 |
Wartsila Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wartsila Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wartsila Oyj's standard deviation. In reality, there are many statistical measures that can use Wartsila Oyj historical prices to predict the future Wartsila Oyj's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wartsila Oyj'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.
Wartsila Oyj Abp Backtested Returns
Wartsila Oyj Abp shows Sharpe Ratio of -0.0167, which attests that the company had a -0.0167% return per unit of risk over the last 3 months. Wartsila Oyj Abp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wartsila Oyj's Standard Deviation of 2.29, market risk adjusted performance of (0.10), and Mean Deviation of 1.38 to validate the risk estimate we provide. The firm maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wartsila Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wartsila Oyj is expected to be smaller as well. At this point, Wartsila Oyj Abp has a negative expected return of -0.0391%. Please make sure to check out Wartsila Oyj's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Wartsila Oyj Abp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Wartsila Oyj Abp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wartsila Oyj time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Wartsila Oyj Abp price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Wartsila Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Wartsila Oyj Abp lagged returns against current returns
Autocorrelation, which is Wartsila 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 Wartsila Oyj's stock expected returns. We can calculate the autocorrelation of Wartsila Oyj returns to help us make a trade decision. For example, suppose you find that Wartsila 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 |
Wartsila 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 Wartsila Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wartsila Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wartsila Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Wartsila Oyj Lagged Returns
When evaluating Wartsila Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wartsila Oyj stock have on its future price. Wartsila 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, Wartsila Oyj autocorrelation shows the relationship between Wartsila Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Wartsila Oyj Abp.
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 Wartsila Stock
Wartsila Oyj financial ratios help investors to determine whether Wartsila 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 Wartsila with respect to the benefits of owning Wartsila Oyj security.