Viking Line (Finland) Market Value
| VIK1V Stock | EUR 22.90 0.50 2.23% |
| Symbol | Viking |
Viking Line '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 Viking Line'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 Viking Line.
| 06/08/2022 |
| 04/28/2024 |
If you would invest 0.00 in Viking Line on June 8, 2022 and sell it all today you would earn a total of 0.00 from holding Viking Line Abp or generate 0.0% return on investment in Viking Line over 690 days. Viking Line is related to or competes with Harvia Oyj, and Kamux Suomi. Viking Line ABP, together with its subsidiaries, provides passenger and cargo carrier services More
Viking Line 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 Viking Line'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 Viking Line Abp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1464 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.4 |
Viking Line Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking Line's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viking Line's standard deviation. In reality, there are many statistical measures that can use Viking Line historical prices to predict the future Viking Line's volatility.| Risk Adjusted Performance | 0.1265 | |||
| Jensen Alpha | 0.3542 | |||
| Total Risk Alpha | 0.1173 | |||
| Sortino Ratio | 0.159 | |||
| Treynor Ratio | 2.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viking Line'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.
Viking Line Abp Backtested Returns
Viking Line appears to be very steady, given 3 months investment horizon. Viking Line Abp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Viking Line Abp, which you can use to evaluate the volatility of the company. Please review Viking Line's Semi Deviation of 1.43, coefficient of variation of 521.51, and Risk Adjusted Performance of 0.1265 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viking Line holds a performance score of 15. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Viking Line's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viking Line is expected to be smaller as well. Please check Viking Line's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Viking Line's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Viking Line Abp has modest predictability. Overlapping area represents the amount of predictability between Viking Line time series from 8th of June 2022 to 19th of May 2023 and 19th of May 2023 to 28th of April 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 Viking Line Abp price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Viking Line price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Viking Line Abp lagged returns against current returns
Autocorrelation, which is Viking Line 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 Viking Line's stock expected returns. We can calculate the autocorrelation of Viking Line returns to help us make a trade decision. For example, suppose you find that Viking Line 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 |
Viking Line 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 Viking Line stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viking Line stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viking Line stock over time.
Current vs Lagged Prices |
| Timeline |
Viking Line Lagged Returns
When evaluating Viking Line's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viking Line stock have on its future price. Viking Line 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, Viking Line autocorrelation shows the relationship between Viking Line stock current value and its past values and can show if there is a momentum factor associated with investing in Viking Line 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.Check out Viking Line Correlation, Viking Line Volatility and Viking Line Alpha and Beta module to complement your research on Viking Line. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Viking Stock analysis
When running Viking Line's price analysis, check to measure Viking Line'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 Viking Line is operating at the current time. Most of Viking Line's value examination focuses on studying past and present price action to predict the probability of Viking Line's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viking Line's price. Additionally, you may evaluate how the addition of Viking Line to your portfolios can decrease your overall portfolio volatility.
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Viking Line 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.