Yit Oyj Adr Stock Market Value
| YITYY Stock | USD 1.02 0.00 0.00% |
| Symbol | Yit |
Yit 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 Yit Oyj's pink sheet 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 Yit Oyj.
| 02/27/2024 |
| 04/27/2024 |
If you would invest 0.00 in Yit Oyj on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Yit Oyj ADR or generate 0.0% return on investment in Yit Oyj over 60 days. Yit Oyj is related to or competes with Travis Perkins, Antelope Enterprise, Intelligent Living, View, Travis Perkins, Beacon Roofing, and Armstrong World. YIT Oyj provides construction services for industrial and public sectors, and residential customers primarily in Finland... More
Yit 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 Yit Oyj's pink sheet 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 Yit Oyj ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 26.96 |
Yit Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yit Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yit Oyj's standard deviation. In reality, there are many statistical measures that can use Yit Oyj historical prices to predict the future Yit Oyj's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.1658 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yit 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.
Yit Oyj ADR Backtested Returns
Yit Oyj ADR shows Sharpe Ratio of -0.0268, which attests that the company had a -0.0268% return per unit of risk over the last 3 months. Yit Oyj ADR exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yit Oyj's Market Risk Adjusted Performance of 0.1758, standard deviation of 3.79, and Mean Deviation of 0.8139 to validate the risk estimate we provide. The firm maintains a market beta of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yit Oyj are expected to decrease at a much lower rate. During the bear market, Yit Oyj is likely to outperform the market. Yit Oyj ADR has an expected return of -0.1%. Please make sure to check out Yit Oyj ADR skewness, day median price, as well as the relationship between the information ratio and coefficient of variation , to decide if Yit Oyj ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Yit Oyj ADR has no correlation between past and present. Overlapping area represents the amount of predictability between Yit Oyj time series from 27th of February 2024 to 28th of March 2024 and 28th of March 2024 to 27th 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 Yit Oyj ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Yit Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yit Oyj ADR lagged returns against current returns
Autocorrelation, which is Yit Oyj pink sheet'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 Yit Oyj's pink sheet expected returns. We can calculate the autocorrelation of Yit Oyj returns to help us make a trade decision. For example, suppose you find that Yit Oyj has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Yit 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 Yit Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yit Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yit Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Yit Oyj Lagged Returns
When evaluating Yit Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yit Oyj pink sheet have on its future price. Yit 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, Yit Oyj autocorrelation shows the relationship between Yit Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Yit Oyj ADR.
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 Yit 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, Yit Oyj's short interest history, or implied volatility extrapolated from Yit Oyj options trading.
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 Yit Oyj Correlation, Yit Oyj Volatility and Yit Oyj Alpha and Beta module to complement your research on Yit Oyj. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Yit Pink Sheet analysis
When running Yit Oyj's price analysis, check to measure Yit 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 Yit Oyj is operating at the current time. Most of Yit Oyj's value examination focuses on studying past and present price action to predict the probability of Yit 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 Yit Oyj's price. Additionally, you may evaluate how the addition of Yit Oyj to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
Yit Oyj technical pink sheet 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, pink sheet market cycles, or different charting patterns.