AS Tallink (Finland) Market Value
| TALLINK Etf | EUR 0.77 0.01 1.28% |
| Symbol | TALLINK |
AS Tallink '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 AS Tallink's etf 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 AS Tallink.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in AS Tallink on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding AS Tallink Grupp or generate 0.0% return on investment in AS Tallink over 30 days. AS Tallink is related to or competes with Viking Line, NoHo Partners, Finnair Oyj, Outokumpu Oyj, and Tokmanni Group. More
AS Tallink 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 AS Tallink's etf 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 AS Tallink Grupp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.1017 | |||
| Maximum Drawdown | 9.01 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.74 |
AS Tallink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AS Tallink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AS Tallink's standard deviation. In reality, there are many statistical measures that can use AS Tallink historical prices to predict the future AS Tallink's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.1745 | |||
| Total Risk Alpha | 0.1447 | |||
| Sortino Ratio | 0.0809 | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AS Tallink'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.
AS Tallink Grupp Backtested Returns
We consider AS Tallink out of control. AS Tallink Grupp retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the etf had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for AS Tallink, which you can use to evaluate the volatility of the entity. Please confirm AS Tallink's Standard Deviation of 1.56, coefficient of variation of 876.47, and Market Risk Adjusted Performance of (0.25) to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf owns a Beta (Systematic Risk) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AS Tallink are expected to decrease at a much lower rate. During the bear market, AS Tallink is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
AS Tallink Grupp has average predictability. Overlapping area represents the amount of predictability between AS Tallink time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 AS Tallink Grupp price movement. The serial correlation of 0.48 indicates that about 48.0% of current AS Tallink price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AS Tallink Grupp lagged returns against current returns
Autocorrelation, which is AS Tallink etf'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 AS Tallink's etf expected returns. We can calculate the autocorrelation of AS Tallink returns to help us make a trade decision. For example, suppose you find that AS Tallink has exhibited high autocorrelation historically, and you observe that the etf 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 |
AS Tallink 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 AS Tallink etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AS Tallink etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AS Tallink etf over time.
Current vs Lagged Prices |
| Timeline |
AS Tallink Lagged Returns
When evaluating AS Tallink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AS Tallink etf have on its future price. AS Tallink 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, AS Tallink autocorrelation shows the relationship between AS Tallink etf current value and its past values and can show if there is a momentum factor associated with investing in AS Tallink Grupp.
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 TALLINK Etf
AS Tallink financial ratios help investors to determine whether TALLINK Etf 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 TALLINK with respect to the benefits of owning AS Tallink security.