Kesla Oyj (Finland) Market Value
| KELAS Stock | EUR 3.90 0.02 0.51% |
| Symbol | Kesla |
Kesla 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 Kesla 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 Kesla Oyj.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Kesla Oyj on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Kesla Oyj A or generate 0.0% return on investment in Kesla Oyj over 30 days. Kesla Oyj is related to or competes with Tokmanni Group, Kemira Oyj, and Konecranes Plc. Kesla Oyj designs, manufactures, and markets forest technology in Finland and internationally More
Kesla 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 Kesla 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 Kesla Oyj A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.18 |
Kesla Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kesla Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kesla Oyj's standard deviation. In reality, there are many statistical measures that can use Kesla Oyj historical prices to predict the future Kesla Oyj's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.1366 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kesla 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.
Kesla Oyj A Backtested Returns
We consider Kesla Oyj slightly risky. Kesla Oyj A has Sharpe Ratio of 0.0022, which conveys that the firm had a 0.0022% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Kesla Oyj, which you can use to evaluate the volatility of the firm. Please verify Kesla Oyj's Risk Adjusted Performance of 0.0024, mean deviation of 1.33, and Standard Deviation of 2.03 to check out if the risk estimate we provide is consistent with the expected return of 0.0045%. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kesla Oyj are expected to decrease at a much lower rate. During the bear market, Kesla Oyj is likely to outperform the market. Kesla Oyj A right now secures a risk of 2.06%. Please verify Kesla Oyj A maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Kesla Oyj A will be following its current price movements.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Kesla Oyj A has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kesla Oyj time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Kesla Oyj A price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Kesla 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 | 0.01 |
Kesla Oyj A lagged returns against current returns
Autocorrelation, which is Kesla 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 Kesla Oyj's stock expected returns. We can calculate the autocorrelation of Kesla Oyj returns to help us make a trade decision. For example, suppose you find that Kesla 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 |
Kesla 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 Kesla Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kesla Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kesla Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Kesla Oyj Lagged Returns
When evaluating Kesla Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kesla Oyj stock have on its future price. Kesla 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, Kesla Oyj autocorrelation shows the relationship between Kesla Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Kesla Oyj A.
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 Kesla 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, Kesla Oyj's short interest history, or implied volatility extrapolated from Kesla Oyj options trading.
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Complementary Tools for Kesla Stock analysis
When running Kesla Oyj's price analysis, check to measure Kesla 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 Kesla Oyj is operating at the current time. Most of Kesla Oyj's value examination focuses on studying past and present price action to predict the probability of Kesla 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 Kesla Oyj's price. Additionally, you may evaluate how the addition of Kesla Oyj to your portfolios can decrease your overall portfolio volatility.
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Kesla 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.