Admicom Oyj (Finland) Market Value
| ADMCM Stock | EUR 42.25 1.05 2.42% |
| Symbol | Admicom |
Admicom 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 Admicom 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 Admicom Oyj.
| 03/02/2024 |
| 05/01/2024 |
If you would invest 0.00 in Admicom Oyj on March 2, 2024 and sell it all today you would earn a total of 0.00 from holding Admicom Oyj or generate 0.0% return on investment in Admicom Oyj over 60 days. Admicom Oyj is related to or competes with Harvia Oyj, Kamux Suomi, Tokmanni Group, and Remedy Entertainment. Admicom Oyj engages in the ERP management system development business in Finland More
Admicom 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 Admicom 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 Admicom Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0281 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.66 |
Admicom Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Admicom Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Admicom Oyj's standard deviation. In reality, there are many statistical measures that can use Admicom Oyj historical prices to predict the future Admicom Oyj's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.1046 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | 1.93 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Admicom 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.
Admicom Oyj Backtested Returns
Admicom Oyj secures Sharpe Ratio (or Efficiency) of -0.0386, which signifies that the company had a -0.0386% return per unit of risk over the last 3 months. Admicom Oyj exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Admicom Oyj's Mean Deviation of 1.51, risk adjusted performance of 0.0434, and Downside Deviation of 1.91 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0555, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Admicom Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Admicom Oyj is expected to be smaller as well. Admicom Oyj has an expected return of -0.0746%. Please make sure to confirm Admicom Oyj total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Admicom Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Admicom Oyj has virtually no predictability. Overlapping area represents the amount of predictability between Admicom Oyj time series from 2nd of March 2024 to 1st of April 2024 and 1st of April 2024 to 1st of May 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 Admicom Oyj price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Admicom Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Admicom Oyj lagged returns against current returns
Autocorrelation, which is Admicom 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 Admicom Oyj's stock expected returns. We can calculate the autocorrelation of Admicom Oyj returns to help us make a trade decision. For example, suppose you find that Admicom 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 |
Admicom 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 Admicom Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Admicom Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Admicom Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Admicom Oyj Lagged Returns
When evaluating Admicom Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Admicom Oyj stock have on its future price. Admicom 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, Admicom Oyj autocorrelation shows the relationship between Admicom Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Admicom Oyj.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Admicom Oyj in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Admicom Oyj's short interest history, or implied volatility extrapolated from Admicom Oyj options trading.
Pair Trading with Admicom Oyj
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Admicom Oyj position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Admicom Oyj will appreciate offsetting losses from the drop in the long position's value.Moving against Admicom Stock
| 0.43 | TAALA | Taaleri Oyj Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Admicom Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Admicom Oyj when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Admicom Oyj - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Admicom Oyj to buy it.
The correlation of Admicom Oyj is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Admicom Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Admicom Oyj moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Admicom Oyj can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Admicom Oyj Correlation, Admicom Oyj Volatility and Admicom Oyj Alpha and Beta module to complement your research on Admicom Oyj. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Admicom Stock analysis
When running Admicom Oyj's price analysis, check to measure Admicom 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 Admicom Oyj is operating at the current time. Most of Admicom Oyj's value examination focuses on studying past and present price action to predict the probability of Admicom 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 Admicom Oyj's price. Additionally, you may evaluate how the addition of Admicom Oyj to your portfolios can decrease your overall portfolio volatility.
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Admicom Oyj technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.