Orion Oyj (Finland) Market Value
| ORNAV Stock | EUR 36.05 0.60 1.69% |
| Symbol | Orion |
Orion 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 Orion 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 Orion Oyj.
| 02/29/2024 |
| 04/29/2024 |
If you would invest 0.00 in Orion Oyj on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Orion Oyj A or generate 0.0% return on investment in Orion Oyj over 60 days. Orion Oyj is related to or competes with Orion Oyj, Elisa Oyj, Kesko Oyj, Valmet Oyj, and Wartsila Oyj. Orion Oyj engages in the development and manufacture of pharmaceuticals, active pharmaceutical ingredients , and diagnos... More
Orion 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 Orion 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 Orion Oyj A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.52 |
Orion Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Oyj's standard deviation. In reality, there are many statistical measures that can use Orion Oyj historical prices to predict the future Orion Oyj's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orion 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.
Orion Oyj A Backtested Returns
Orion Oyj A maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Orion Oyj A exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Oyj's Coefficient Of Variation of (615.99), variance of 1.98, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orion Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Oyj is expected to be smaller as well. Orion Oyj A has an expected return of -0.23%. Please make sure to check Orion Oyj A value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Orion Oyj A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Orion Oyj A has poor reverse predictability. Overlapping area represents the amount of predictability between Orion Oyj time series from 29th of February 2024 to 30th of March 2024 and 30th of March 2024 to 29th 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 Orion Oyj A price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Orion Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Orion Oyj A lagged returns against current returns
Autocorrelation, which is Orion 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 Orion Oyj's stock expected returns. We can calculate the autocorrelation of Orion Oyj returns to help us make a trade decision. For example, suppose you find that Orion 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 |
Orion 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 Orion Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Oyj Lagged Returns
When evaluating Orion Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Oyj stock have on its future price. Orion 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, Orion Oyj autocorrelation shows the relationship between Orion Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Oyj A.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Orion Oyj Correlation, Orion Oyj Volatility and Orion Oyj Alpha and Beta module to complement your research on Orion Oyj. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Orion Stock analysis
When running Orion Oyj's price analysis, check to measure Orion 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 Orion Oyj is operating at the current time. Most of Orion Oyj's value examination focuses on studying past and present price action to predict the probability of Orion 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 Orion Oyj's price. Additionally, you may evaluate how the addition of Orion Oyj to your portfolios can decrease your overall portfolio volatility.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Orion 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.