Wartsila Oyj Abp Stock Market Value
| WRTBY Stock | USD 3.53 0.04 1.12% |
| 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 pink sheet 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.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Wartsila Oyj on October 13, 2024 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 60 days. Wartsila Oyj is related to or competes with Sandvik AB, Rockwell Automation, Park Ohio, Gates Industrial, Nuscale Power, Graham, and Omega Flex. 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 pink sheet 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 | (0.13) | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 4.92 |
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 | (0.06) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.33) |
Wartsila Oyj Abp Backtested Returns
Wartsila Oyj Abp shows Sharpe Ratio of -0.0768, which attests that the company had a -0.0768% 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 Mean Deviation of 2.03, market risk adjusted performance of (0.32), and Standard Deviation of 2.94 to validate the risk estimate we provide. The firm maintains a market beta of 0.86, which attests to possible diversification benefits within a given portfolio. Wartsila Oyj returns are very sensitive to returns on the market. As the market goes up or down, Wartsila Oyj is expected to follow. At this point, Wartsila Oyj Abp has a negative expected return of -0.22%. Please make sure to check out Wartsila Oyj's value at risk and rate of daily change , to decide if Wartsila Oyj Abp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Wartsila Oyj Abp has very weak predictability. Overlapping area represents the amount of predictability between Wartsila Oyj time series from 13th of October 2024 to 12th of November 2024 and 12th 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 Wartsila Oyj Abp price movement. The serial correlation of 0.18 indicates that over 18.0% of current Wartsila Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Wartsila Oyj Abp lagged returns against current returns
Autocorrelation, which is Wartsila Oyj pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wartsila Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wartsila Oyj pink sheet 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 pink sheet 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 pink sheet 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.Additional Tools for Wartsila Pink Sheet Analysis
When running Wartsila Oyj's price analysis, check to measure Wartsila Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wartsila Oyj is operating at the current time. Most of Wartsila Oyj's value examination focuses on studying past and present price action to predict the probability of Wartsila Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wartsila Oyj's price. Additionally, you may evaluate how the addition of Wartsila Oyj to your portfolios can decrease your overall portfolio volatility.