Kesko Oyj (Finland) Market Value
| KESKOB Stock | EUR 16.13 0.11 0.69% |
| Symbol | Kesko |
Kesko 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 Kesko 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 Kesko Oyj.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Kesko Oyj on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Kesko Oyj or generate 0.0% return on investment in Kesko Oyj over 30 days. Kesko Oyj is related to or competes with Wartsila Oyj, Telia Company, Tokmanni Group, Kemira Oyj, and Huhtamaki Oyj. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade segments More
Kesko 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 Kesko 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 Kesko Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.47 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 1.74 |
Kesko Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kesko Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kesko Oyj's standard deviation. In reality, there are many statistical measures that can use Kesko Oyj historical prices to predict the future Kesko Oyj's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.4319 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kesko 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.
Kesko Oyj Backtested Returns
Kesko Oyj has Sharpe Ratio of -0.0952, which conveys that the firm had a -0.0952% return per unit of risk over the last 3 months. Kesko Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kesko Oyj's Risk Adjusted Performance of (0.09), standard deviation of 1.33, and Mean Deviation of 0.9075 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kesko Oyj are expected to decrease at a much lower rate. During the bear market, Kesko Oyj is likely to outperform the market. Kesko Oyj has an expected return of -0.12%. Please make sure to verify Kesko Oyj maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Kesko Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Kesko Oyj has modest predictability. Overlapping area represents the amount of predictability between Kesko Oyj time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th 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 Kesko Oyj price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Kesko Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Kesko Oyj lagged returns against current returns
Autocorrelation, which is Kesko 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 Kesko Oyj's stock expected returns. We can calculate the autocorrelation of Kesko Oyj returns to help us make a trade decision. For example, suppose you find that Kesko 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 |
Kesko 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 Kesko Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kesko Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kesko Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Kesko Oyj Lagged Returns
When evaluating Kesko Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kesko Oyj stock have on its future price. Kesko 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, Kesko Oyj autocorrelation shows the relationship between Kesko Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Kesko 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 Kesko 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, Kesko Oyj's short interest history, or implied volatility extrapolated from Kesko Oyj options trading.
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Complementary Tools for Kesko Stock analysis
When running Kesko Oyj's price analysis, check to measure Kesko 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 Kesko Oyj is operating at the current time. Most of Kesko Oyj's value examination focuses on studying past and present price action to predict the probability of Kesko 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 Kesko Oyj's price. Additionally, you may evaluate how the addition of Kesko Oyj to your portfolios can decrease your overall portfolio volatility.
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Kesko 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.